Common use of CONVEYANCE ODF THE SAID APARTMENT Clause in Contracts

CONVEYANCE ODF THE SAID APARTMENT. The Promoter , on receipt of total Price of the ( Apartment/ Plot) as per Para 1.2 under the Agreement from the Allottee, shall execute a conveyance deed and convey the title of the ( Apartment/Plot) together with proportionate indivisible share in the Common Areas within 3(three) months from the Issuance of the occupancy certificate* and the completion certificate, as the case may be to the allottee Provided that, in the absence of local law, the conveyance deed in favour of the allottee shall be carried out by the promoter within 3 months from the date of issue of occupancy certificate) . However, in case the Allottee fails to deposit the stamp duty, registration charges within the period mentioned in the notice, the Allottee authorize the Promoter to withhold registration of the conveyance deed in his / her favour till payment of stamp duty and registration charges to the Promoter is made by the Allottee.