Common use of Procedure for taking Clause in Contracts

Procedure for taking. possession- The Promoter, upon obtaining the occupancycertificate from the competent authority shall offer in writing the possession of the [Apartment/ Unit], to the Allottee(s) in terms of this Agreement to be taken within 2 (two) months from the date of issue of occupancy certificate. [Provided that, in the absence of local law, the conveyance deed in favor of the Allottee shall be carried out by the Promoter within three months from the date of issue of 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. The Allottee(s), after taking possession, agree(s) to pay the maintenance charges as determined by the Promoter/ Association of Allottees, as the case may be, after the issuance of completion certificate for the Project. The Promoter shall handover the occupancy certificate of the Apartment/ Unit, as the case may be, to the Allottee at the time of conveyance of the same.

Procedure for taking. possession- The possession -The Promoter, upon obtaining the occupancycertificate occupancy certificate* from the competent authority shall offer in writing the possession of the [Apartment/ Unit]Apartment, to the Allottee(s) in terms of this Agreement to be taken within 2 (two) two months from the date of issue of occupancy certificate. [Provided that, in the absence of local law, the conveyance deed in favor favour of the Allottee Allottee(s) shall be carried out by the Promoter promoter within three 3 months from the date of issue of 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. The Allottee(s)) , after taking possession, agree(s) to pay the maintenance charges as determined by the Promoter/ Association Promoter/association of AllotteesAllottee(s), as the case may be, be after the issuance of the completion certificate for the Projectproject. The Promoter promoter shall handover hand over the occupancy certificate of the Apartment/ Unitapartment/ plot, as the case may be, to the Allottee Allottee(s) at the time of conveyance of the same.

Procedure for taking. possession- possession-The Promoter, Promoter ,upon obtaining the occupancycertificate occupancy certificate* from the competent authority shall offer in writing the possession of the [Apartment/ Unit], to (Flat),to the Allottee(s) Allottee in terms of this Agreement to be taken within 2 (two) two months from the date of issue of occupancy certificate. [(Provided that, in the absence of local law, the conveyance deed in favor favour of the Allottee allottee shall be carried out by the Promoter promoter within three 3 months from the date of issue of occupancy certificate]). The Promoter agrees and undertakes to indemnify indentify the Allottee(s) Allottee,in case of failure of fulfillment of any of the provisionsprovsions,formalities,documentation on part of the promoter.The Allottee, after taking possession, formalities, documentation on the part of the Promoter. promoter.The Allottee(s)Allottee, after taking possession, agree(s) to pay the maintenance charges as determined by the Promoter/ Association promoter/association of Allottees, allottees ,as the case may be, be after the issuance of the completion certificate for the Project. project.The Promoter shall handover hand over the occupancy certificate of the Apartment/ Unit, apartment/flat,as the case may be, be ,to the Allottee allottee at the time of conveyance of the same.

Procedure for taking. possession- The Promoter, upon obtaining the occupancycertificate occupancy/ completion certificate from the competent authority shall offer in writing the possession of the [Apartment/ Unit]Plot, to the Allottee(s) in terms of this Agreement to be taken within 2 (two) months from the date of issue of occupancy occupancy/ completion certificate. [Provided that, in the absence of local law, the conveyance deed in favor favour of the Allottee shall be carried out by the Promoter within three months from the date of issue of occupancy occupancy/ completion certificate]. The Promoter agrees and undertakes to indemnify the Allottee(s) in case of failure of fulfillment fulfilment of any of the provisions, formalities, documentation on part of the Promoter. The Allottee(s), after taking possession, agree(s) to pay the maintenance charges as determined by the Promoter/ Association of AllotteesMaintenance Society, as the case may be, after the issuance of completion certificate for the Project. The Promoter shall handover the occupancy occupancy/ completion certificate of the Apartment/ UnitPlot, as the case may be, to the Allottee at the time of conveyance of the same.

Procedure for taking. possession- The PromoterVendor, upon obtaining the occupancycertificate occupancy certificate from the competent authority shall offer in writing the possession of the [Apartment/ UnitApartment], to the Allottee(sPurchaser(s) in terms of this Agreement to be taken within 2 (two) months from the date of issue of occupancy certificate. [Provided that, in the absence of local law, the conveyance deed in favor of the Allottee Purchaser shall be carried out by the Promoter Vendor within three months from the date of issue of occupancy certificate]. The Promoter Vendor agrees and undertakes to indemnify the Allottee(sPurchaser(s) in case of failure of fulfillment of any of the provisions, formalities, documentation on part of the PromoterVendor. The Allottee(sPurchaser(s), after taking possession, agree(s) to pay the maintenance charges as determined by the Promoter/ Vendor/ Association of AllotteesPurchasers, as the case may be, after the issuance of completion certificate for the Project. The Promoter Vendor shall handover the occupancy certificate of the Apartment/ UnitApartment, as the case may be, to the Allottee Purchaser at the time of conveyance of the same.