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. 15.2 The Developer shall serve upon the Allottee by registered post with acknowledgement due/email/courier, a notice in writing (“Possession Notice”) to take over possession of the Apartment within 15 (Fifteen) days from the date of the Possession Notice (“Possession Period”). It will not be necessary for the Developer to complete the larger and/or the particular common areas and installations before giving such notice but shall be liable to complete the same within a reasonable time thereafter. 15.3 Upon the Allottees complying with all provisions, formalities, documentation, etc. as may be prescribed by the Developer in this regard and provided the Allottee is not in default of any of the terms and conditions of Allotment, the Developer shall give possession of the Apartment to the Allottee on a date (“Possession Date”) mutually agreed but within the Possession Period specified. 15.4 If the Allottee, for whatsoever reason, fails and/or neglects to take possession of the Apartment within the Possession Period, the Allottee shall be deemed to have taken possession on the 25th day from the date of Possession Notice which date, for all purposes and irrespective of the actual date when the Allottee takes physical possession of the Apartment, will be deemed to be the Possession Date. 15.5 On and from the Possession Date: 15.5.1 The Apartment shall be at the sole risk and cost of the Allottee and the Developer shall have no liability or concern thereof; 15.5.2 The Allottee shall become liable to pay the maintenance and other charges and deposits in respect of the Apartment on and from the Possession Date. 15.5.3 All taxes, deposits and other levies/charges imposed, demanded or required to b...
Sample 1Sample 2Sample 3See All (7)
AutoNDA by SimpleDocs
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.
Sample 1Sample 2
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”). 6.2 The Parties agree and acknowledge that where the completion of the construction of the Apartment and/or the handing over of the possession of the Apartment is delayed by any reasons beyond the control of the Company, including without limitation Force Majeure (defined hereinafter), then no claim whatsoever by way of any damages/compensation shall be raised against the Company, and the Buyer hereby waives all rights and claims in this regard. Further, where any delay occurs in possession being handed over to the Buyer on account of any of the reasons specified under this Clause 6.2, the Company shall be entitled to a reasonable extension of time for handing over possession of the said Apartment to the Buyer.
Sample 1
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): a. All Security Deposits must be paid in full. b. All Tenants must have a Financial Guarantee on file. c. All Tenants must have their rent paid up to date or provide Financial Aid Award letter. d. The electricity must be turned on in the apartment before Tenants can live in the apartment. Landlord shall give possession of Premises the date the Term begins. Landlord shall not be liable for failure to give Tenant possession for any reason including fire or damage to Premises that make it uninhabitable, etc...Landlord shall notify Tenant as to the date possession is available. The ending date of the term will not change. Rent is due at the beginning of the lease term regardless of whether or not possession is available.
Sample 1

Related to Possession of Apartment

  • POSSESSION OF THE APARTMENT PLOT 8.1 Schedule for possession of the said Apartment: The Promoter agrees and understands that timely delivery of possession of the Apartment to the Allottee and the Common Areas to the Association of the Allottees , is the essence of the Agreement. Provided that the Promoter shall be entitled to reasonable extension of time as agreed by and between the Allottee and the Promoter for giving possession of the Apartment on the aforesaid date and the same shall not include the period of extension given by the Authority for registration. The Promoter, based on the approved plans and specifications, assures to hand over possession of the Apartment on …………,with a grace period of twelve months (Completion date) in case the Promoter fails to complete the Project. unless there is a delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity or order, rule, notification of the Government and/or other public or competent authority/court and/or 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, Provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. Promoter will be entitled to give block-wise and phase-wise possession upon obtaining the Completion Certificate/ Partial Completion Certificate of a building block or a particular phase as the case may be irrespective of the fact that construction of other Blocks and/or other phases and/or provision of facilities may be incomplete. 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, the Allottee 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. It is clarified that all amounts collected as taxes, charges, levies, cess, assessments and impositions and deposited with the appropriate authorities concerned shall not be returned by the Promoter and the Allottee shall be free to approach the authorities concerned for refund of such taxes, charges, levies, cess, assessments and impositions. 8.2 The right of the Allottee shall remain restricted to the respective Apartment and the properties appurtenant thereto and the Allottee shall have no right, title or interest nor shall claim any right, title or interest of any kind whatsoever over and in respect of any other Apartment or space and/or any other portions of the Project or Complex. 8.3 The Promoter has provided to the Allottee a time schedule for construction progress based on the milestones on which payment is due. The dates provided are only tentative and for the purpose of dealing with contractors and will also make efforts to complete various stages as per the time schedule upto completion of the Project including the provisions of civic infrastructure like water, electricity, sanitation and all other above mentioned internal/external development works but the Promoter knows there will definitely be delays in the timelines provided but the Promoter assures the Allottee that the Project will be completed within the ‘Completion date’ provided in Clause 8.1 above.

  • POSSESSION OF THE APARTMENT/PLOT 7.1 Schedule for possession of the said [Apartment/Plot] - The Promoter agrees and understands that timely delivery of possession of the [Apartment/Plot] to the allottee and the common areas to the association of allottees or the competent authority, as the case may be, is the essence of the Agreement. The Promoter assures to hand over possession of the [Apartment/Plot] along with ready and complete common areas with all specifications, amenities and facilities of the project in place 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 60 days from that date. The promoter shall intimate the allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, the Allottee 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.

  • POSSESSION OF PREMISES Tenant shall not be entitled to possession of the premises designated for lease until the security deposit and first month’s rent (or prorated portion thereof), less any applicable promotional discount, is paid in full and the premises designated for lease is vacated by the prior tenant.

  • Possession of the Property The Parties hereby agree that the exclusive possession of the Property shall be delivered by the Seller to the Buyer on

  • Possession of Property Possession of the Property free and clear of all uses and encroachments, except the Permitted Exceptions, shall be delivered to Purchaser at closing.

  • Possession and Use Contractor may possess, use and reproduce Confidential Information solely for the Purpose. Contractor shall not use the Confidential Information for any other purpose.

  • Failure of Allottee to take Possession of Apartment Upon receiving a written intimation from the Promoter as per para 7.2, the Allottee shall take possession of the Apartment 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 to the Allottee. In case the Allottee fails to take possession within the time provided in para 7.1 such Allottee shall continue to be liable to pay interest on due payments and maintenance charges as specified in para 7.2.

  • Possession of Collateral Agent and Secured Parties appoint each Lender as agent (for the benefit of Secured Parties) for the purpose of perfecting Liens in any Collateral held or controlled by such Lender, to the extent such Liens are perfected by possession or control. If any Lender obtains possession or control of any Collateral, it shall notify Agent thereof and, promptly upon Agent’s request, deliver such Collateral to Agent or otherwise deal with it in accordance with Agent’s instructions.

  • Use and Possession of Certain Premises Upon the occurrence and during the continuance of an Event of Default, the Administrative Agent shall be entitled to occupy and use any premises owned or leased by the Grantors where any of the Collateral or any records relating to the Collateral are located until the Secured Obligations are paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay any Grantor for such use and occupancy.

  • Possession and Occupancy The Seller will deliver possession and occupancy of the Property to the Buyer at Closing. The Seller shall provide access to all locks, including keys, remote controls, and any security/access codes, necessary to operate all locks, mailboxes, and security systems.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!