DEEMED POSSESSION Sample Clauses
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DEEMED POSSESSION. It is understood by the Allottee that even if the Allottee fails to take possession of the Apartment within the date such possession is offered by the Promoter, the Allottee shall be deemed to have taken possession on the 15th day from the date of such notice which date, for all purposes and irrespective of the actual date when the Allottee takes physical possession of the Apartment, will be deemed to be the possession date (“Possession Date”). On and from the Possession Date:
(i) The Apartment shall be at the sole risk and cost of the Allottee and the Promoter shall have no liability or concern thereof;
(ii) The Allottee shall become liable to pay the Maintenance Charges including GST, if applicable in respect of the Apartment and the Common Areas on and from 3 months from the Possession Date or as agreed; The Allottee shall regularly and punctually make payment of the Maintenance Charges without any abatement and/or deduction on any account whatsoever or howsoever and in the event of any default the Allottee shall be liable to pay interest at the prescribed rate which at present is the Prime lending rate of SBI plus 2 % p.a. on the due amount and if such default shall continue for a period of two months then and in that event the Allottees shall not be entitled to avail of any of the facilities amenities and utilities provided in the Said Complex and the Promoter/Association as the case may be , shall be entitled to take the following measures and the Allottee hereby consents to the same:
(a) To the discontinuance of supply of electricity to the Said Unit
(b) To the discontinuance of water supply ;
(c) not to allow the usage of lifts, either by ▇▇▇▇▇▇▇▇ , his/her/their family members, domestic help, staff and visitors;
(d) To discontinuance of the facility of DG Power back-up;
(e) To discontinuance of the usage of all amenities and facilities provided in the said housing complex to the said Allottee and/his/her/their family members and guests, staff and visitors. The above said discontinuances of the services and facilities shall not be restored till such time the Allottee have made payment of all the dues together with interest accrued at the aforesaid rate , including all costs, charges and expenses incurred till then by the Promoter/Association to realize the due amount from the Allottee.
DEEMED POSSESSION. It is understood by the Allottee that even if the Allottee fails to take possession of the Apartment within the Possession Period, the Allottee shall be deemed to have taken possession on the 61st day from the date of Possession Notice which date, for all purposes and irrespective of the actual date when the Allottee takes physical possession of the Apartment, will be deemed to be the Possession Date.
DEEMED POSSESSION. It is understood by the Allottee that even if the Allottee fails to take possession of the Apartment within the date such possession is offered by the Promoter, the Allottee shall be deemed to have taken possession on the 15 days from the date of such notice which date, for all purposes and irrespective of the actual date when the Allottee takes physical possession of the Apartment, will be deemed to be the possession date (“Possession Date”). On and from the Possession Date:
(i) The Apartment shall be at the sole risk and cost of the Allottee and the Promoter shall have no liability or concern thereof;
(ii) The Allottee shall become liable to pay the Maintenance Charges in respect of the Apartment and the Common Areas on and from the Possession Date;
(iii) All taxes, deposits and other levies/charges imposed, demanded or required to be paid to the authorities concerned relating to the undivided interest in the Common Areas shall be paid and borne by the Allottee proportionate to his interest therein and those relating only to the Apartment shall be borne solely and conclusively by the Allottee, with effect from the Possession Date.
(iv) All other expenses necessary and incidental to the management and maintenance of the Project.
DEEMED POSSESSION. It is understood by the Allottee that even if the Allottee fails to take possession of the Apartment within the date such possession is offered by the Promoter, the Allottee shall be deemed to have taken possession on the last day of the time for taking possession stipulated in such notice which date, for all purposes and irrespective of the actual date when the Allottee takes physical possession of the Apartment, will be deemed to be the possession date (“Possession Date”). On and from the Possession Date:
(a) The Apartment shall be at the sole risk and cost of the Allottee and the Promoter shall have no liability or concern thereof;
(b) The Allottee shall become liable to pay the Maintenance Charges as applicable in respect of the Apartment and the common areas/ common parts and facilities on and from the deemed Possession Date.
DEEMED POSSESSION. It is understood by the Allottee that even if the Allottee fails to take possession of the Allotted Apartment within 2 months from the date such possession is offered by the Promoter under clause 7.2 above of Section-III of this agreement, the Allottee shall be deemed to have taken possession on the expiry of the period of such notice, which date, for all purposes and irrespective of the actual date when the Allottee takes physical possession of the Allotted Apartment thereafter, will be deemed to be the possession date (“Possession Date”). On and from the Possession Date:
(i) The Allotted Apartment shall be at the sole risk and cost of the Allottee and the Promoter shall have no liability or concern thereof;
(ii) The Allottee shall become liable to pay the Maintenance Charges, property tax and other outgoings in respect of the Allotted Apartment and the Common Areas on and from the Possession Date;
(iii) All taxes, deposits and other levies/charges imposed, demanded or required to be paid to the authorities concerned relating to the undivided interest in the Common Areas shall be paid and borne by the Allottee proportionate to his interest therein and those relating only to the Allotted Apartment shall be borne solely and exclusively by the Allottee, with effect from the Possession Date.
(iv) All other expenses necessary and incidental to the management and maintenance of the Project shall be paid and borne by the Allottee proportionate to his interest therein.
DEEMED POSSESSION. It is understood by the Allottee that even if the Allottee fails to take possession of the Apartment within the date such possession is offered by the Promoter, the Allottee shall be deemed to have taken possession on the 15th day from the date of such notice which date, for all purposes and irrespective of the actual date when the Allottee takes physical possession of the Apartment, will be deemed to be the possession date (“Possession Date”). On and from the Possession Date:
(i) The Apartment shall be at the sole risk and cost of the Allottee and the Promoter shall have no liability or concern thereof;
(ii) The Allottee shall become liable to pay the Maintenance Charges including GST, if applicable in respect of the Apartment and the Common Areas on and from 3 months from the Possession Date or as agreed;
DEEMED POSSESSION. It is understood by the Allottee/Transferee that even if the Allottee/Transferee fails to take possession of the Bungalow within the Possession Period, the Allottee/Transferee shall be deemed to have taken possession on the 61stday from the date of Possession Notice which date, for all purposes and irrespective of the actual date when the Allottee/Transferee takes physical possession of the Bungalow, will be deemed to be the Possession Date.
DEEMED POSSESSION. It is understood by the Allottee that even if the Allottee fails to take possession of the Apartment, within the date such possession is offered by the Developer, the Allottee shall be deemed to have taken possession on the 15th day from the date of such notice which date, for all purposes and irrespective of the actual date when the Allottee takes physical possession of the Apartment, , will be deemed to be the deemed possession date (“Possession Date”).
DEEMED POSSESSION. It is understood by the Allottee/Transferee that even if the Allottee/Transferee fails to take possession of the Plot within the Possession Period, the Allottee/Transferee shall be deemed to have taken possession on the 61st day from the date of Possession Notice which date, for all purposes and irrespective of the actual date when the Allottee/Transferee takes physical possession of the Plot, will be deemed to be the Possession Date.
DEEMED POSSESSION. It is understood by the Purchaser/s that even if the Purchaser/s fail to take possession of the said Residential Flat after the Possession Notice has been served, the Purchaser/s shall be deemed to have taken possession of the same on the Fifteenth (15th) day from the date of Possession Notice.