Common use of Failure of Allottee to take Possession of Apartment Clause in Contracts

Failure of Allottee to take Possession of Apartment. Upon receiving a written intimation from the Promoter as mentioned in Clause 7.2 above, the Allottee shall take possession of the Said 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 Said Apartment to the Allottee. In case the Allottee fails to take possession within the time provided in Clause 7.2 above, such Allottee shall continue to be liable to pay interest on amount due and payable in terms of this Agreement, maintenance charges, municipal tax and other outgoings and further holding charges, being equivalent to 2 (two) times the maintenance charges, for the period of delay after the lapse of 6 (six) months from the date of issuance of possession notice of the Said Apartment shall become applicable.

Failure of Allottee to take Possession of Apartment. Upon receiving a written intimation from the Promoter as mentioned in Clause 7.2 above, the Allottee shall take possession of the Said 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 Said Apartment to the Allottee. In case the Allottee fails to take possession within the time provided in Clause 7.2 above, such Allottee shall continue to be liable to pay interest on amount due and payable in terms of this Agreement, maintenance charges, municipal tax and other outgoings and further holding charges, being equivalent to 2 (two) times the maintenance charges, ,for the period of delay after the lapse of 6 (six) months from the date of issuance of possession notice of the Said Apartment shall become applicable.

Failure of Allottee to take Possession of Apartment. Upon receiving a written intimation from the Promoter as mentioned in Clause 7.2 above, the Allottee shall take possession of the Said 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 Said Apartment to the Allottee. In case the Allottee fails to take possession within the time provided in Clause 7.2 above, such Allottee shall continue to be liable to pay interest on amount due and payable in terms of this Agreement, maintenance charges, municipal Khaznaand statutory tax and other outgoings and further holding charges, being equivalent to 2 (two) times the maintenance charges, ,for the period of delay after the lapse of 6 (six) months from the date of issuance of possession notice of the Said Apartment shall become applicable.

Failure of Allottee to take Possession of Apartment. Upon pon receiving a written intimation from the Promoter Developer as mentioned in Clause 7.2 above, the Allottee shall take possession of the Said Apartment from the Promoter Developer by executing necessary indemnities, undertakings and such other documentation as prescribed in this Agreement, and the Promoter Developer shall give possession of the Said Apartment to the Allottee. In case the Allottee fails to take possession within the time provided in Clause 7.2 above, such Allottee shall continue to be liable to pay interest on amount due and payable in terms of this Agreement, maintenance charges, municipal tax and other outgoings and further holding charges, being equivalent to 2 (two) times the maintenance charges, charges for the period of delay after the lapse of 6 2 (sixtwo) months from the date of issuance of possession notice of the Said Apartment shall become continue to be liable to pay maintenance charges as applicable.

Failure of Allottee to take Possession of Apartment. Upon receiving a written intimation from the Promoter Transferor as mentioned in Clause 7.2 above, the Allottee shall take possession of the Said Apartment from the Promoter Transferor by executing necessary indemnities, undertakings and such other documentation as prescribed in this Agreement, and the Promoter Transferor shall give possession of the Said Apartment to the Allottee. In case the Allottee fails to take possession within the time provided in Clause 7.2 above, such Allottee shall continue to be liable to pay interest to the Transferor on amount due and payable in terms of this Agreement, maintenance charges, municipal tax and other outgoings and further holding charges, being equivalent to 2 (two) times the maintenance charges, for the period of delay after the lapse of 6 (six) months from the date of issuance of possession notice of the Said Apartment shall become applicable.

Failure of Allottee to take Possession of Apartment. Upon receiving a written intimation from the Promoter DEVELOPER as mentioned in Clause 7.2 above, the Allottee ALLOTTEE shall take possession of the Said Apartment from the Promoter DEVELOPER by executing necessary indemnities, undertakings and such other documentation as prescribed in this Agreement, and the Promoter DEVELOPER shall give possession of the Said Apartment to the AllotteeALLOTTEE. In case the Allottee ALLOTTEE fails to take possession within the time provided in Clause 7.2 7.1 above, such Allottee ALLOTTEE shall continue to be liable to pay interest on amount due and payable in terms of this Agreement, maintenance charges, municipal tax and other outgoings and further holding charges, being equivalent to 2 (two) times the maintenance charges, for the period of delay after the lapse of 6 (six) months from the date of issuance of possession notice of the Said Apartment shall become applicable.

Failure of Allottee to take Possession of Apartment. Upon receiving a written intimation from the Promoter as mentioned in Clause 7.2 6.2 above, the Allottee shall take possession of the Said 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 Said Apartment to the Allottee. In case the Allottee fails to take possession within the time provided in Clause 7.2 6.2 above, such Allottee shall continue to be liable to pay interest on amount due and payable in terms of this Agreement, maintenance charges, municipal tax and other outgoings and further holding charges, being equivalent to 2 (two) times the maintenance charges, ,for the period of delay after the lapse of 6 (six) months from the date of issuance of possession notice of the Said Apartment shall become applicable.

Failure of Allottee to take Possession of Apartment. Upon receiving a written intimation from the Promoter as mentioned in Clause 7.2 6.2 above, the Allottee shall take possession of the Said 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 Said Apartment to the Allottee. In case the Allottee fails to take possession within the time provided in Clause 7.2 6.2 above, such Allottee shall continue to be liable to pay interest on amount due and payable in terms of this Agreement, maintenance charges, municipal tax and other outgoings and further holding charges, being equivalent to 2 (two) times the maintenance charges, for the period of delay after the lapse of 6 (six) months from the date of issuance of possession notice of the Said Apartment shall become applicable.

Failure of Allottee to take Possession of Apartment. Upon receiving a written intimation from the Promoter as mentioned in Clause per clause 7.2 above, the Allottee Allottees shall take possession of the Said 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 Said Apartment to the Allottee. In case the Allottee fails to take possession within Apartmenttotheallottee.IncasetheAllotteefailstotakepossessionwithin the time provided in Clause clause 7.2 above, such Allottee Allottees shall continue to be liable to pay interest on amount due and payable in terms of this Agreement, maintenance charges, municipal tax and other outgoings and further holding charges, being equivalent to 2 (two) times the maintenance charges, for the period of delay after the lapse of 6 (six) months from the date of issuance of possession notice of the Said Apartment shall become applicable.