Common use of Procedure for Clause in Contracts

Procedure for. taking possession - The Promoter, upon obtaining the occupancy certificate* from the competent authority shall offer in writing the possession of the [Apartment],to the Allottee 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 infavour of the allottee shall be carried out by the Promoter within 3 months from the date of issue of occupancy certificate] 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 after taking possession agree(s) to pay t h e m a i n t e n a n c e charges a s determ ined b y t h e P r o m o t e r /association o f allottees, as the case may be. The Promoter shall hand over the occupancy certificate of the apartment/plot, as the case may be, to the Allottee at the time of conveyance of the same.

Procedure for. taking possession - The Promoter, upon obtaining the occupancy certificate* from the competent authority shall offer in writing the possession of the [Apartment],to the Allottee 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 infavour in favour of the allottee shall be carried out by the Promoter within 3 months from the date of issue of occupancy certificate] 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 after taking possession agree(s) to pay t h e m a i n t e n a n c e charges a s determ ined b y t h e P r o m o t e r /association o f allottees, as the case may be. The Promoter shall hand over the occupancy certificate of the apartment/plot, as the case may be, to the Allottee at the time of conveyance of the same.