DATE OF COMMENCEMENT OF LIABILITY definition

DATE OF COMMENCEMENT OF LIABILITY means the date on which Purchaser/s takes actual physical possession of the Apartment/Flat after fulfilling all his liabilities and obligations as agreed upon in the Agreement or the date next after expiry of the Completion Notice irrespective of whether Purchaser/s take actual physical possession or not, whichever is earlier.
DATE OF COMMENCEMENT OF LIABILITY means the date of the completion of the project and/or from the date of the notice of possession to the Purchaser of the said Flat/Unit after fulfilling his/her/their liabilities and obligations or the date of expiry of the period specified in the notice in writing by the Seller to the Purchaser to take possession of the said Flat/Unit irrespective of whether the Purchaser takes actual physical possession of the said unit or not, whichever be earlier.
DATE OF COMMENCEMENT OF LIABILITY means the date on which Allottee/s takes actual physical possession of the Unit after fulfilling all his liabilities and obligations in terms of this Agreement or the date next after expiry of the Completion Notice irrespective of whether Allottee/s take actual physical possession or not. The Allottee/s liability will commence either on expiry of Completion Notice or on the date of taking possession whichever is earlier.

Examples of DATE OF COMMENCEMENT OF LIABILITY in a sentence

  • DATE OF COMMENCEMENT OF LIABILITY shall mean the date on which the Allottee takes actual physical possession of the said Unit after fulfilling all his liabilities and obligations in terms of the clause 5 hereinafter or the date of expiry of the period specified in the notice by the Promoters or any of them to the Allottee to take possession of the said Unit in terms of the said clause 5 irrespective of whether the Allottee takes actual physical possession of the said Unit or not, whichever be earlier.


More Definitions of DATE OF COMMENCEMENT OF LIABILITY

DATE OF COMMENCEMENT OF LIABILITY means the obligation of the Purchasers to make payment of the municipal rates taxes and other outgoings including maintenance charges payable in respect of the said Apartment and the Properties Appurtenant on and from the date the Purchasers becomes entitled to takeover possession of the said Unit upon notice being given by the Sellers to that effect.
DATE OF COMMENCEMENT OF LIABILITY means the date of grant of the Completion/Occupancy Certificate by the Kolkata Municipal Corporation;
DATE OF COMMENCEMENT OF LIABILITY means the date of the completion of the project/building complex and/or from the date of the notice of possession to the Allottee of the said Flat Unit after fulfilling his/her their liabilities and obligations or the date of expiry of the period specified in the notice in writing by the Vendor/ Developer to the Allottee to take possession of the said Flat/Unit irrespective of whether the Allottee takes actual physical possession of the said unit or not, whichever be earlier. “DATE OF OFFEER OF POSSESSION (for fit outs)” shall mean the date on which the Vendor Developer shall endeavor to make available to the Allottee the Unit for fit outs subject to the receipt of the total consideration and all other advances and deposits payable under this agreement. This shall be the date of which the notice for readiness of the Unit for fit outs is issued by the Vendor/ Developer plus fifteen days.
DATE OF COMMENCEMENT OF LIABILITY means the date next after expiry of the Completion Notice irrespective of whether intending purchasers take actual physical possession or not.
DATE OF COMMENCEMENT OF LIABILITY means the date on which the Allottee(s) shall take actual physical possession of his/her apartment after fulfilling all obligations in terms of clause 7.3 hereinafter or the date next after expiry of the Completion Notice, irrespective of whether the Allottee(s) take(s) actual physical possession of the Apartment or not, whichever is earlier.
DATE OF COMMENCEMENT OF LIABILITY means the date on which the Purchasers takes actual physical possession of the said Flat/Unit after fulfilling all his liabilities and obligations in terms of the Article VI hereinafter or the date of expiry of the period specified in the notice by the Vendor to the Purchasers to take possession of the said Flat/Unit in terms of the said Article VI irrespective of whether the Purchasers takes actual physical possession of the said Flat/Unit or not, whichever be earlier.
DATE OF COMMENCEMENT OF LIABILITY means the date of the completion of the project and/or from the date of the notice of possession to the Allottee of the said Flat/Unit after fulfilling his/her/their liabilities and obligations or the date of expiry of the period specified in the notice in writing by the Developer to the Allottee to take possession of the said Flat/Unit irrespective of whether the Allottee takes actual physical possession of the said unit or not, whichever be earlier. DATE OF OFFEER OF POSSESSION (for fit outs) shall mean the date on which the Developer shall endeavor to make available to the Allottees the Unit for fit outs subject to the receipt of the total consideration and all other advances and deposits payable under this agreement. This shall be the date of which the notice for readiness of the Unit for fit outs is issued by the Developer plus fifteen days. DATE OF OFFER OF POSSESSION shall mean the date on which the occupation certificate is issued (or deemed to be issued as per the relevant provisions of legislation); HOUSE RULES/USER shall mean the rules and regulations regarding the use/holding of the said Flat/Unit as hereinafter stated. LICENCES shall mean and include all licences consents approvals and/or sanctions which have to be obtained and granted by the concerned authorities for undertaking the said housing project. NEW BUILDING/s shall mean the New Building and/or buildings to be constructed by the Developer at the said Property in accordance with the said Plan and to comprise of various self-contained Units apartments constructed spaces and car parking spaces capable of being held and/or enjoyed independently of each other on ownership basis. PREMISES shall mean ALL THAT the said PROPERTY (more fully and particularly mentioned and described in the FIRST SCHEDULE hereunder written). ALLOTTEE shall be deemed to mean and include:- PROPORTIONATE OR PROPORTIONATELY shall mean the built up area of any Unit to bear to the built up area of all the Flats/Units in the said building provided that where it refers to the share of the Allottees or any co- owner in the rates and/or taxes amongst the common expenses then such share of the whole shall be determined on the basis on which such rates and/or taxes are being respectively levied (i.e. in case the basis of any levy be on area rental income consideration or user then the same shall be determined on the basis of the area rental income consideration or user of the said Unit). POSSESSION shall mean the date on wh...