Commercial Shop definition
Examples of Commercial Shop in a sentence
Upon receiving a written intimation from the Promoter as per clause 7.2, the Allottee shall take possession of the Flat / Commercial Shop Space 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 Flat / Commercial Shop Space to the allottee.
The Allottee is entering into this Agreement for the allotment of a Flat / Commercial Shop Space with the full knowledge of all laws, rules, regulations, notifications applicable to the Project in general and this project in particular.
NA ; on NA under registration The Allottee had applied for a Flat / Commercial Shop Space in the Project vide application no.
Wherever in this Agreement it is stipulated that the Allottee has to make any payment, in common with other Allottee(s) in Project, the same shall be the proportion which the carpet area of the Flat / Commercial Shop Space bears to the total carpet area of all the [Apartments/Plots] in the Project.
The Promoter shall abide by the time schedule for completing the project and handing over the Flat / Commercial Shop Space to the Allottee and the common areas to the association of the allottees after receiving the occupancy certificate* or the completion certificate or both, as the case may be.
Possession by the Allottee – After obtaining the occupancy certificate* and handing over physical possession of the Flat / Commercial Shop Space to the Allottees, it shall be the responsibility of the Promoter to hand over the necessary documents and plans, including common areas, to the association of the Allottees or the competent authority, as the case may be, as per the local laws.
That the Allottee hereby undertakes that he/she shall comply with and carry out, from time to time after he/she has taken over for occupation and use the said Flat / Commercial Shop Space, all the requirements, requisitions, demands and repairs which are required by any competent Authority in respect of the Flat / Commercial Shop Space / at his/ her own cost.
The Allottee has seen the specifications of the Flat / Commercial Shop Space and accepted the Payment Plan, floor plans, layout plans [annexed along with this Agreement] which has been approved by the competent authority, as represented by the Promoter.
The Promoter, on receipt of complete amount of the Price of the Flat / Commercial Shop Space under the Agreement from the Allottee, shall execute a conveyance deed and convey the title of the Flat / Commercial Shop Space together with proportionate indivisible share in the Common Areas within 3 (three) months from the issuance of the occupancy certificate*.
The Promoter / maintenance agency /association of allottees shall have rights of unrestricted access of all Common Areas, garages/closed parking's and parking spaces for providing necessary maintenance services and the Allottee agrees to permit the association of allottees and/or maintenance agency to enter into the Flat / Commercial Shop Space or any part thereof, after due notice and during the normal working hours, unless the circumstances warrant otherwise, with a view to set right any defect.