Possession of Apartment Sample Clauses

Possession of Apartment. 15.1 Based on the present plans and estimations, the Developer shall complete construction and handing over possession of the Apartment within 36 months from the date the Agreement for Sale is executed, with another 6 (six) months grace period, save delay due to Force Majeure Events (see Clause 23) or due to failure by the Allottee to timely pay any part or portion of the Total Payable Amount or any failure on the part of the Allottees to abide by any of the terms and conditions of the Agreement for Sale, Allotment Letter and this Apartment GTC or any delay in obtaining electricity and/or water connections and on happening of any or all of such events, the Allottees shall be deemed to have granted extension to the Developer for completion of the construction of the Property.
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Possession of Apartment. If there is a delay in the possession of the Apartment, rent shall be abated on a daily basis. If possession is not granted within ten (10) days after the beginning date, then Resident may cancel this Agreement by written notice to Landlord and have full refund of any monies paid Landlord. Landlord shall not be liable for damages caused by delay in possession.
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Possession of Apartment. The following requirements must be met by each Tenant before Tenants can take possession of the apartment: (No keys will be issued to ANY Tenant until all requirements are met by each and every Tenant of the apartment they signed for):
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Possession of Apartment. 6.1 Subject to the sanction of the building plans for the Towers (including revisions thereof), and to all the buyers of the apartments in the Towers making timely payment the Company shall endeavor to complete the construction of the Apartment within [ ] months from the date of the execution of this Agreement. After the expiry of the aforesaid [ ] months, the Company shall have a grace period of [ ] months to complete the construction of the Apartment (the “Grace Period”).
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Related to Possession of Apartment

  • POSSESSION OF THE APARTMENT PLOT Schedule for possession of the said [Apartment/Plot]: The Promoter agrees and understands that timely delivery of possession of the [Apartment/Plot] is the essence of the Agreement. The Promoter, based on the approved plans and specifications, assures to hand over possession of the [Apartment/Plot] on , unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project ("Force Majeure"). If, however, the completion of the Project is delayed due to the Force Majeure conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for delivery of possession of the [Apartment/Plot], provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it becomes impossible for the Promoter to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 days from that date. After refund of the money paid by the Allottee, Xxxxxxxx agrees that he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement. Procedure for taking possession – The Promoter, upon obtaining the occupancy certificate* from the competent authority shall offer in writing the possession of the [Apartment/Plot], to the Allottee in terms of this Agreement to be taken within 3 (three months from the date of issue of such notice and the Promoter shall give possession of the [Apartment/Plot] to the Allottee. The Promoter agrees and undertakes to indemnify the Allottee in case of failure of fulfillment of any of the provisions, formalities, documentation on part of the Promoter. The Allottee agree(s) to pay the maintenance charges as determined by the Promoter/association of allottees, as the case may be. The Promoter on its behalf shall offer the possession to the Allottee in writing within days of receiving the occupancy certificate* of the Project. Failure of Allottee to take Possession of [Apartment/Plot]: Upon receiving a written intimation from the Promoter as mentioned above, the Allottee shall take possession of the [Apartment/Plot] from the Promoter by executing necessary indemnities, undertakings and such other documentation as prescribed in this Agreement, and the Promoter shall give possession of the [Apartment/Plot] to the allottee. In case the Allottee fails to take possession within the time provided as mentioned above, such Allottee shall continue to be liable to pay maintenance charges as applicable. Possession by the Allottee – After obtaining the occupancy certificate* and handing over physical possession of the [Apartment/Plot] to the Allottees, it shall be the responsibility of the Promoter to hand over the necessary documents and plans, including common areas, to the association of the Allottees or the competent authority, as the case may be, as per the local laws.

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