CONVEYANCE OF THE SAID APARTMENT Clause Samples

CONVEYANCE OF 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 months from the date of 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 and/or registration charges within the period mentioned in the notice, the Allottee authorizes 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.

CONVEYANCE OF THE SAID APARTMENT. The Developer, on receipt of complete amount of the Price of the Apartment / unit under the Agreement from the Allottee, shall execute a conveyance deed and convey the title of the Apartment together with proportionate indivisible share in the Common Areas within 3 (three) months from the date of applying for the occupancy certificate. However, in case the Allottee fails to deposit the Stamp duty, registration charges and all other incidental and legal expenses etc. so demanded within the period mentioned in the demand letter, the Allottee authorizes the Developer to withhold registration of the conveyance deed in his/her/their favour till full and final settlement of all dues and stamp duty and registration charges to the Developer is made by the Allottee. The allottee shall be solely responsible and liable for compliance of the provisions of the Indian Stamp Act, 1899 including any actions taken or deficiencies/penalties imposed by the competent authority (ies).

CONVEYANCE OF THE SAID APARTMENT. The Promoter, on receipt of Total Price of the Apartment as per para 1.2 under the Agreement from the Allottee, shall execute a conveyance deed and convey the title of the Apartment together with proportionate indivisible share in the Common Areas within 3 months from the date of 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 and/or registration charges within the period mentioned in the notice, the Allottee authorizes the Promoter to withhold registration of the conveyance deed in his/her favour until payment of stamp duty and registration charges to the Promoter is made by the Allottee.

CONVEYANCE OF THE SAID APARTMENT. The Promoter. on receipt of Total Price of the Apartment as per clause 1 under the Agreement from the Allottee, shall issue Notice of Possession and execute a Deed of Assignment and convey the title of the Apartment together with proportionate indivisible share in the Common Areas within 3 months from the date of issuance of occupancy certificate and the completion certificate, as the case may be, to the allottee: The Promoter through their respective authorized signatory/Constituted Attorney will execute the Deed of Sub-Lease/ Deed of Under Lease/Deed of Assignment, as the case may be and/or other papers and documents for transfer of the said Apartment/Residential Apartment on Sub-Lease/Under-Lease for the unexpired residual term of 999 years which has commenced from 10th November, 2006 upon completion of the entire Project and only upon all of the following conditions and obligations having been satisfied by the Allottee :- a. The consideration as and by way of Sub-Lease/Under-Lease and the Additional Costs and Charges as mentioned in Clause no. 1 respectively herein are paid in full by the Allottee; b. The Allottee is not in default in respect of any of his/her/their obligations; c. The Allottee executes an Undertaking and Indemnity in favor of the Promoter in respect of the Allottee’s obligations to pay the Additional/further Stamp Duty, additional Registration Fees, other levies, interest and penalty, if any, relating to execution and registration of the Deed of Sub-Lease and/or Under Lease. The Deed of Sub Lease/Under-Lease/Assignment in respect of the said Apartment/Residential Apartment shall be prepared and finalized by the Promoter‘s Advocates and the Allottee agrees to execute such Deed of Sub-Lease/Deed of Under- Lease without asking for any modification thereto, unless agreed to by the Promoter or its Advocates. In case of death of the Allottee prior to the execution and registration of the Deed of Sub- Lease/Under Lease/Deed of Assignment in his/her favor, the legal representative(s) of the Allottee shall be entitled to obtain in his/her/their favor the Deed of Sub-Lease/Deed of Under Lease/Deed of Assignment in respect of the said Residential Apartment subject to production of necessary documents of representation to title as may be required by the Promoter in this regard, including Probate, Letters of Administration and Succession Certificate furnishing a Letter of Indemnity in favor of the Promoter in the form and manner satisfactory to th...

CONVEYANCE OF THE SAID APARTMENT. The Promoter on receipt of Total Price of the Apartment as per para 1.2 under the Agreement from the Allottee, shall execute a conveyance deed and convey the title of the Apartment together with proportionate indivisible share in the Common Areas within 3 months from the date of issuance of the occupancy certificate and the completion certificate, as the case may be to the allottee. However, in case the Allottee fails to deposit the stamp duty and/or registration charges within the period mentioned in the notice, the Allottee authorizes 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.

CONVEYANCE OF THE SAID APARTMENT. The Promoter, on receipt of Total Price of the Said Apartment and Appurtenances (as provided in Schedule C under the Agreement) from the Allottee, shall execute a conveyance deed drafted by the Promoter’s legal advisorsand convey the title of the Said Apartment and Appurtenances within 3 (three) months from the date of issuance of the completion certificate to the Allottee: However, in case the Allottee fails to deposit the stamp duty and/or registration charges within the period mentioned in the notice, the Allottee authorizes the Promoter to withhold registration of the conveyance deed in his/her favour till payment of stamp duty and registration charges and the Allotteeshall be bound by its obligations as morefully mentioned in Clause 7.3 of this Agreement.

CONVEYANCE OF 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 in compliance with provisions of Sec 11(4)(f) and Sec 17 of the Act, execute a conveyance deed and convey the title of the [Apartment/Plot] to the Allottee, together with proportionate indivisible share in the Common Areas to the Association of Allottees, within 3 months from the date of issuance of the occupancy certificate* and/or 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 and/or registration charges within the period mentioned in the notice, the Allottee authorizes the Promoter to withhold registration of the conveyance deed in his/her favour until payment of stamp duty and registration charges to the Promoter is made by the Allottee. Provided further that the Promoter may instead of executing separate transfer deeds of proportionate common area, along with each individual apartment/plot, may transfer the entire proportionate common area with respect to all the apartments/plots in the project, to the Association of Allottees, by executing a single Deed, in accordance with the provisions of the ▇.▇. ▇▇▇▇▇▇▇▇▇ Swamitva Adhiniyam 2002, within three months of obtaining the Completion/Occupancy Certificate, as the case may be. It is hereby made clear, that in either case the entire cost of the transfer deed to executed with respect to the proportionate common areas, shall be borne exclusive by each of the Allottee or the Association of Allottees, as the case may be. Provided further that since the entire proportionate common area is being transferred to the Association of the Allottees by operation and in compliance of the provisions of the Act, without any consideration to be paid to the Promoter, therefore the transfer of the proportionate common area to the Association of Allottees, shall always be deemed to be without payment of any consideration to the Promoter so as not to add any amount to the Capital Gain or consequent Income Tax to the account of the Promoter and it shall always be deemed to be a transfer by operation of law.

CONVEYANCE OF THE SAID APARTMENT. 12.1 The Promoter on receipt of the entirety of the Total Price of the Apartment under the Agreement from the Allottee, shall execute a conveyance deed drafted by the Promoter’s Advocate and convey the title of the Apartment within 3 (three) months from the date of issuance of the Completion / Occupancy Certificate as the case may be, to the Allottee. However, in case the Allottee fails to deposit the stamp duty, registration charges and all other incidental and legal expenses etc. so demanded within the period mentioned in the demand letter, the Allottee authorizes the Promoter to withhold registration of the conveyance deed in his/ her favour till full and final settlement of all dues and stamp duty and registration charges to the promoter is made by the Allottee. The Allottee shall be solely responsible and liable for compliance of the provisions of Indian Stamp Act, 1989 including any actions taken or deficiencies/ penalties imposed by the competent authority (ies). 12.2 The allotment is personal and the Allottee shall not be entitled to transfer, let out, alienate the Apartment without the consent in writing of the Promoter provided however after the full payment of the amounts payable by the Allottee and execution and registration of the conveyance deed, the Allottee shall be entitled to let out, grant, lease and mortgage and/or deal with the Apartment for which no further consent of the Promoter shall be required. All the provisions contained herein and the obligations arising hereunder of the Project shall equally be applicable to and enforceable against any subsequent Allottees of the Apartment in case of a transfer, as the said obligations go along with the Apartment for all intents and purposes.

CONVEYANCE OF THE SAID APARTMENT. The Owners and the Promoter, on receipt of Total Price of the Designated Apartment as per para 1.2 under the Agreement from the Allottee, shall execute a conveyance deed and convey the title of the Designated Apartment together with proportionate indivisible share in the Common Areas within 3 months from the date of issuance of the completion certificate* 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 completion certificate. However, in case the Allottee fails to deposit the stamp duty and/or registration charges within the period mentioned in the notice or to pay the Total Price and other dues of the Allottee, the Allottee authorizes 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 and the Allottee shall also be deemed to be under condition of default under clause 7.3 and9.3 above.