Notice of Possession definition

Notice of Possession means the notice given by the Builder to the Purchaser in terms of clause 6.1 herein below stating that the said Unit is ready for possession.

Notice of Possession means a written notice given by the Developer to the Buyer(s)/Allottee(s) to take over the physical possession of the said Flat within 60 (Sixty) days from the date of receiving occupancy Certificate.

Notice of Possession shall have the same meaning as ascribed to it in Clause 16.2 of this Agreement.

Examples of Notice of Possession in a sentence

• The Allottee shall start payment of the Maintenance charges three months from the date of Notice of Possession.

• Upon receiving the Notice of Possession from the Developer, as per para 7.2, the Allottees shall take possession of the Apartment from the Developer within the Possession Date by executing necessary indemnities, undertakings and such other documentation as prescribed in this Agreement, and the Developer shall give possession of the Apartment to the Allottees.

• Upon receiving a written intimation from the Promoter (Notice of Possession) as per para 7.2, the Allottee shall take possession of the Apartment 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 Apartment to the Allottee.

• In case the delivery of physical possession of the Apartment is withheld by the Allottee on any grounds/reasons, the physical possession of the Apartment shall be deemed to have been taken by the Allottee on the Deemed Date of Possession as indicated in the Notice of Possession and morefully described in Clause 7.3 below.

• Upon receiving the Notice of Possession from the Promoter, as per para 7.2, the Allottee shall take possession of the Apartment from the Promoter within the Possession Date by executing necessary indemnities, undertakings and such other documentation as prescribed in this Agreement, and the Promoter shall give possession of the Apartment to the Allottee.

• The Allottee shall from the date of the issue of Notice of Possession of the said Apartment, whether possession of the same is taken or not by the Allottee, pay the proportionate share of all outgoings and maintenance and other charges and also shall meet expenses such as, insurance, municipal/property taxes and cesses, electrical, water bills etc.

• You would also lose the right to regain possession of the property using a Notice of Possession under section 21 Housing Act 1988.

• Upon receiving the Notice of Possession from the Promoter, as per para 7.2, the Allottee shall take possession of the Apartment from the Promoters within the Possession Date by executing necessary indemnities, undertakings and such other documentation as prescribed in this Agreement, and the Promoters shall give possession of the Apartment to the Allottee.

• The cost of maintenance for three months from the date of Notice of Possession has been included in the Total price of the Unit.

• Upon receiving the Notice of Possession from the Developer, as per para 7.2, the Allottee shall take possession of the Apartment from the Developers within the Possession Date by executing necessary indemnities, undertakings and such other documentation as prescribed in this Agreement, and the Developers shall give possession of the Apartment to the Allottee.

More Definitions of Notice of Possession

Notice of Possession means the notice given by the Developer to the Purchaser stating that the said Unit is ready for possession.