Common use of Procedure for execution of Conveyance Clause in Contracts

Procedure for execution of Conveyance. Deed of the Unit and taking possession- The Promoter, within 30 days of obtaining the occupancy certificate from the competent authority shall vide offer letter (“Offer Letter”) (i) invite Xxxxxxxx(s) (along with detail of outstanding dues and stamp duty, registration charges and other incidental charges to be paid by Xxxxxxxx(s) to the Promoter as per this Agreement before hand) to execute and register Conveyance Deed of the Unit and (ii) offer the possession of the Unit. The Promoter shall subject to receipt of Total Amount Payable in respect of the said Unit as per Payment Plan and such other charges as mentioned under this Agreement from the Allottee(s), shall execute and register Conveyance Deed and convey the title of the Unit together with proportionate indivisible share in Common Areas and also handover possession of the said Unit within three (3) months from the date of issuance of the occupancy certificate. The Promoter agrees and undertakes to indemnify the Allottee(s) in case of failure of fulfillment of any of the provisions, formalities, documentation on part of the Promoter which the Promoter are liable to comply/carry out as per the Applicable Laws provided such failure is not account of any default/delay on the part of the Allottee(s). The Allottee(s), after taking possession, agree(s) to pay the maintenance charges as determined by the Promoter / Maintenance Association, as the case may be. The Promoter shall handover the occupancy certificate of the Unit to the Allottee(s) at the time of conveyance of the same. The Allottee(s) shall be solely responsible and liable for compliance of the provisions of Indian Stamp Act, 1899, Rajasthan Stamp Act, 1988 and Registration Act, 1908 including any actions taken or deficiencies/penalties imposed by the competent authority. The Promoter shall not be responsible for any damage caused to the Unit on account of delay on the part of the Allottee(s) in taking over possession and in such event the Allotte(s) shall have to take possession of the same on as is where is basis. The Promoter shall not be held responsible in any manner for any future mishaps like fire, earthquake, flood etc or any accident caused to any of machineries installed like electrical equipment, and transformer etc.

Appears in 2 contracts

Samples: Allotment Letter, Allotment Letter

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Procedure for execution of Conveyance. Deed of the Unit and taking possession- The Promoter, within 30 60 days of obtaining the occupancy certificate from the competent authority authority, shall vide offer letter (“Offer Letter”) (i) invite Letter”)(i)invite Xxxxxxxx(s) (along along-with detail details of outstanding dues and stamp duty, registration charges and other incidental charges to be paid by Xxxxxxxx(sthe Allottee(s) to the Promoter as per this Agreement before hand) to execute and register Conveyance Deed of the Unit Unit; and (ii) offer ii)offer the possession of the Unit. The Promoter shall shall, subject to receipt of Total Payable Amount Payable in respect of the said Unit Apartment as per Payment Plan Plan, delay interest, if any, and such other charges as mentioned under this the Agreement from the Allottee(s), shall execute and register a Conveyance Deed and convey the title of the Unit together with proportionate indivisible share in Common Areas common areas of Project and also handover possession of the said Unit within three (3) months from the date of issuance of the occupancy certificate. The Promoter agrees and undertakes to indemnify the Allottee(s) in case of failure of fulfillment of any of the provisions, formalities, documentation on part of the Promoter which the Promoter are is liable to comply/carry out as per the Applicable Laws provided such failure is not on account of reasons beyond the controls of Promoter and/or on account of any default/delay on the part of the Allottee(s). The Allottee(s), after taking possession, possession (which shall be after the issuance of completion certificate for the Project) agree(s) to pay the maintenance charges along with applicable taxes as determined by the Promoter / Maintenance Promoteror Residents’ Association, as the case may be. The Promoter shall Promotershall handover the occupancy certificate of the Unit Apartment to the Allottee(s) at the time of conveyance of the same. .The Allottee(s) shall be solely responsible and liable for compliance of the provisions of Indian Stamp Act, 1899, Rajasthan Stamp ActXxxxx Xxx, 1988 0000 and Registration ActXxxxxxxxxxxx Xxx, 1908 0000 including any actions taken or deficiencies/penalties imposed by the competent authority. .The Promoter shall not be responsible for any damage caused to the Unit on account of delay on the part of the Allottee(s) in taking over possession and in such event the Allotte(sAllottee(s) shall have to take possession of the same on as is where is basis. The Promoter shall not be held responsible in any manner for any future mishaps like fire, earthquake, flood etc or etc. OR any accident caused due to any of machineries installed like electrical equipment, and transformer transformer, etc.

Appears in 1 contract

Samples: Sale Agreement

Procedure for execution of Conveyance. Deed of the Unit and taking possession- The PromoterSubject to Allottee(s) performing and fulfilling its obligations as mentioned in this agreement, within 30 days the Promoter upon completion of obtaining construction of the occupancy certificate from the competent authority Project, shall vide offer letter Offer Letter to the Allottee(s) require Allottee(s) to complete the following tasks within the period of 21 days (“Offer Letter”) "Possession Notice Expiry Date") (i) invite Xxxxxxxx(s) (along with detail to make the payment of all outstanding dues and stamp duty, registration charges and other incidental charges to be paid by Xxxxxxxx(s) to the Promoter as per this Agreement before hand) to charges, if any, execute and register Conveyance Deed of the Unit Unit; and (ii) offer take the possession of the Unit. The Promoter shall shall, subject to receipt of Total Payable Amount Payable in respect of the said Unit as per Payment Plan Plan, delay interest, if any, and such other charges as mentioned under this the Agreement from the Allottee(s), shall execute and register a Conveyance Deed and convey the title of the Unit together with proportionate indivisible share in Common Areas common areas of Project and also handover possession of the said Unit within three (3) months from the date of issuance of the occupancy certificate. The Promoter agrees and undertakes to indemnify the Allottee(s) in case of failure of fulfillment of any of the provisions, formalities, documentation on part of the Promoter which the Promoter are is liable to comply/carry out as per the Applicable Laws provided such failure is not on account of reasons beyond the controls of Promoter and/or on account of any default/delay on the part of the Allottee(s). The Allottee(s), after taking possession, possession (which shall be after the issuance of completion certificate for the Project) agree(s) to pay the maintenance charges as determined by the Promoter / or Maintenance Association, as the case may be. The Promoter shall handover the occupancy certificate of the Unit to the Allottee(s) at the time of conveyance of the same. The Allottee(s) shall be solely responsible and liable for compliance of the provisions of Indian Stamp Act, 1899, Rajasthan Stamp Act, 1988 1998 and Registration Act, 1908 including any actions taken or deficiencies/penalties imposed by the competent authority. The Promoter Promoters shall not be responsible for any damage caused to the Unit on account of delay on the part of the Allottee(s) in taking over possession and in such event the Allotte(sAllottee(s) shall have to take possession of the same on "as is where is basis". The Promoter Promoters shall not be held responsible in any manner for any future mishaps like fire, earthquake, flood etc or etc. OR any accident caused due to any of machineries installed like electrical equipment, and transformer transformer, etc.

Appears in 1 contract

Samples: Conveyance Deed

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Procedure for execution of Conveyance. Deed of the Unit and taking possession- The Promoter, within 30 60 days of obtaining the occupancy certificate from the competent authority authority, shall vide offer letter (“Offer Letter”) (i) invite Xxxxxxxx(s) (along i)invite Allottee(s) (along-with detail details of outstanding dues and stamp duty, registration charges and other incidental charges to be paid by Xxxxxxxx(sthe Allottee(s) to the Promoter as per this Agreement before hand) to execute and register Conveyance Deed of the Unit Unit; and (ii) offer ii)offer the possession of the Unit. The Promoter shall shall, subject to receipt of Total Payable Amount Payable in respect of the said Unit Apartment as per Payment Plan Plan, delay interest, if any, and such other charges as mentioned under this the Agreement from the Allottee(s), shall execute and register a Conveyance Deed and convey the title of the Unit together with proportionate indivisible share in Common Areas common areas of Project and also handover possession of the said Unit within three (3) months from the date of issuance of the occupancy certificate. The Promoter agrees and undertakes to indemnify the Allottee(s) in case of failure of fulfillment of any of the provisions, formalities, documentation on part of the Promoter which the Promoter are is liable to comply/carry out as per the Applicable Laws provided such failure is not on account of reasons beyond the controls of Promoter and/or on account of any default/delay on the part of the Allottee(s). The Allottee(s), after taking possession, possession (which shall be after the issuance of completion certificate for the Project) agree(s) to pay the maintenance charges along with applicable taxes as determined by the Promoter / Maintenance or Residents’ Association, as the case may be. The Promoter shall handover the occupancy certificate of the Unit Apartment to the Allottee(s) at the time of conveyance of the same. The Allottee(s) shall be solely responsible and liable for compliance of the provisions of Indian Stamp Act, 1899, Rajasthan Stamp ActXxxxx Xxx, 1988 0000 and Registration ActXxxxxxxxxxxx Xxx, 1908 0000 including any actions taken or deficiencies/penalties imposed by the competent authority. The Promoter shall not be responsible for any damage caused to the Unit on account of delay on the part of the Allottee(s) in taking over possession and in such event the Allotte(sAllottee(s) shall have to take possession of the same on as is where is basis. The Promoter shall not be held responsible in any manner for any future mishaps like fire, earthquake, flood etc or etc. OR any accident caused due to any of machineries installed like electrical equipment, and transformer transformer, etc.

Appears in 1 contract

Samples: Agreement for Sale

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