POSSESSION OF THEAPARTMENT Sample Clauses

POSSESSION OF THEAPARTMENT. (a) Schedule for possession of the said Apartment: The Vendor/Xxxxxxxx agrees and understands that timely delivery of possession of the Apartment is the essence of the Agreement. The Vendor/Promoter, based on the approved plans and specifications, assures to hand over possession of the Apartment on 31st December, 2024 with a grace period of six months, unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake, pandemic, restriction/limitation in availability of construction materials 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 restriction/limitation/Force Majeure conditions then the Allottee/s agrees that the Vendor/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. The Allottee/s agrees and confirms that, in the event it becomes impossible for the Vendor/Promoter to implement the project due to restriction/limitation/Force Majeure conditions, then this allotment shall stand terminated and the Vendor/Promoter shall refund to the Allottee/s the entire amount received by the Vendor/Promoter. After refund of the money paid by the Allottee/s, Xxxxxxxx/s agrees that he/ she shall not have any rights, claims etc. against the Vendor/Promoter and that the Vendor/Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.
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POSSESSION OF THEAPARTMENT. 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 per clause 7.2, the Allottee shall take possession of the [Apartment/Plot] from the Promoter by execu...
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POSSESSION OF THEAPARTMENT. Schedule for possession of the said Apartment: The Promoter agrees and understands that timely delivery of possession of the [Apartment] is the essence of the Agreement. The Promoter, based on the approved plans and specifications, assures to hand over possession of the [Apartment] 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], 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.
Sample 1
POSSESSION OF THEAPARTMENT. 7.1 Schedule for possession of the said Apartment: The Owner/Xxxxxxxxx agrees and understands that timely delivery of possession of the Apartment 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 Owner/Developer assures to hand over possession of the Apartment along with ready and complete common areas with all specifications, amenities and facilities of the project in place within ………., with a grace period of further six months 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” as mentioned in Cl.7.1 and with Application of Booking Form Cl.9A & 9B). If, however, the completion of the Project is delayed due to the Force Majeure conditions then the Allottee agrees that the Owner/Developer shall be entitled to the extension of time for delivery of possession of theApartment.
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POSSESSION OF THEAPARTMENT 
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Related to POSSESSION OF THEAPARTMENT

  • CONSTRUCTION OF THE PROJECT/ APARTMENT The Allottee has seen the proposed layout plan, specifications, amenities and facilities of the [Apartment/Plot] and accepted the floor plan, payment plan and the specifications, amenities and facilities [annexed along with this Agreement] which has been approved by the competent authority, as represented by the Promoter. The Promoter shall develop the Project in accordance with the said layout plans, floor plans and specifications, amenities and facilities. Subject to the terms in this Agreement, the Promoter undertakes to strictly abide by such plans approved by the competent Authorities and shall also strictly abide by the bye-laws, FAR and density norms and provisions prescribed by the [Please insert the relevant State laws]and shall not have an option to make any variation /alteration / modification in such plans, other than in the manner provided under the Act, and breach of this term by the Promoter shall constitute a material breach of the Agreement.

  • LOCATION AND DESCRIPTION OF THE PROPERTY The subject property is located on the condominium building known as Block A1, Residensi Hijauan at Xxxxx Xxxxxxx 00/0 xxxxxx Xxxxxxx 00 xx Xxxx Xxxx, Xxxxxxxx Xxxxx Xxxxx. The subject property is a 3 bedroom condominium identified as Xxxxxx Xx. 000, Xxxxxx Xx. 00, Xxxxxxxx Xx. M1-A together with Accessory Parcel No. A5 & A769 (previously Parcel No. A1-13-03A, Building No. Block A1, Type: A together with Accessory Parcel of Car Park No. 2-14 & E-10, Residensi Hijauan) and bearing postal address at Unit No. X0-00-00X, Xxxxx X0, Xxxxxxxxx Xxxxxxx, Xxxxx Xxxxxxx 00/0, Xxxxxxx 00, 00000 Xxxx Xxxx, Xxxxxxxx Xxxxx Xxxxx. RESERVE PRICE The property will be sold on an “as is where is” basis, subject to a reserve price of RM428,000.00 (Ringgit Malaysia Four Hundred And Twenty Eight Thousand) only, subject to the Conditions of Sale and by way of an Assignment from the Assignee/Bank subject to consent being obtained by the successful bidder (“the Purchaser”) from the relevant authorities, if any, including all terms, conditions, stipulations and covenants which were and may be imposed by the relevant authority. Apportionment on any arrears of quit rent, assessment rate and maintenance charges ONLY which is lawfully due i.e. which is unpaid for up to maximum 6 years preceding the successful auction date in respect of the property up to the date of sale shall be paid by the Bank upon receipt of full auction proceeds and any such sums due and payable after the date of sale shall be borne by the Purchaser. Successful Bidder is urge to submit their claim to the Bank within sixty (60) days from the date of payment of balance purchase money (or any extended period allowed by the Bank); any subsequent claims made thereunder will not be entertained by the Bank and the same shall be borne by the Purchaser solely. The Assignee/Bank shall not be liable to make payment or to deduct from the proceeds of sale any outstanding utilities/bills relating to the property namely water, electricity, telephone, gas or sewerage charges, administration charges and other utilities. All other fees, costs and charges relating to the transfer and assignment of the property including any revival cost for abandoned project (if any) shall also be borne solely by the successful Purchaser. Intending Purchaser shall make his own inquiries in respect thereof and the Purchaser shall be deemed to have full knowledge of the same. Online bidders are further subject to the Terms & Conditions on xxx.xxxxxxxxx.xxx. All persons or parties intending to bid for the property are required to deposit with the Auctioneer, 15 minutes prior to the commencement of the Auction Sale, ten per centum (10%) of the Reserve Price or minimum of RM2,500.00 whichever is higher by a valid Bank Draft or Cashier’s Order drawn in favour of AFFIN BANK BERHAD. The balance of the purchase price is to be settled within ninety (90) days from the date of auction sale to the Assignee/Bank. For online bidders please refer to the Terms & Conditions on xxx.xxxxxxxxx.xxx on the manner of payment of the deposit. For further particulars, please contact Messrs Xxxxxx Xxxxx Xxxxxxx, Xxxxxxxx Xxxxx & Partners, Solicitors for the Assignee/Bank herein whose address is at Xx. 00-0 & 00-0, 0xx & 0xx Xxxxx, XX 00/0X, Xxxxxx Xxxx, 00000 Xxxxxxxx Xxxx, Xxxxxxxx Xxxxx Xxxxx (Reference : MS/DIR/AA/SL23064-23/ABB-HL/Z, Telephone No : 00-0000 0000, Fax No : 00-0000 0000) or the undermentioned Auctioneer. XX XXXX XXX & CO. SDN. BHD. [ 200601018098 (737850-T) ] Xx. 0 & 0, Xxxxx 0, Xxxxx X, Xxxxx Xxxxxx XX, Xx. 00, Xxxxx Xxx Xxxx Xxxx, 50450 Kuala Lumpur LOW XXXX XXXX ROSEMAINI BINTI XXXXX XXXXX TELEPHONE NO HOTLINE E-MAIL WEBSITE OUR REFERENCE : 00-0000 0000 / FAX NO : 00-0000 0000 : 0000 00 0000 / 00-0000 0000 (Whatsapp) : xxxx@xxxxxxxxx.xxx : xxx.xxxxxxxxx.xxx : NCM/AFFIN/57819/23/my Licensed Auctioneers CONDITIONS OF SALE

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