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

Failure of Allottee to take Possession of the Apartment. Upon receiving a written intimation from the Developer as per para 7.2, the Allottee shall take possession of the Apartment from the Promoters 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. In case the Allottee fails to take possession within the time provided in para 7.2, such Allottee shall continue to be liable to pay maintenance charges as specified in para 7.2. Further, irrespective of whether the Allottee takes possession of the Apartment or not given its possession for non-registration of the conveyance, it shall be bound to pay guarding charges at the rate of Rs.1,000/- (Rupees one thousand) per month.

Failure of Allottee to take Possession of the Apartment. Upon receiving a written intimation from the Developer Promoter as per para 7.2, the Allottee shall take possession of the Apartment from the Promoters Promoter by executing necessary indemnities, undertakings and such other documentation as prescribed in this Agreement and the Promoters Promoter shall give possession of the Apartment to the Allottee. In case the Allottee fails to take possession within the time provided in para 7.2, such Allottee shall continue to be liable to pay maintenance charges as specified in para 7.2. Further, irrespective of whether the Allottee takes possession of the Apartment or not not, given its possession for non-registration of the conveyance, it shall be bound to pay guarding charges at the rate of Rs.1,000/- (Rupees one thousand) Rs.10,000/- per month.

Failure of Allottee to take Possession of the Apartment. Upon receiving a written intimation from the Developer Promoter as per para 7.2, the Allottee shall take possession of the Apartment from the Promoters Promoter by executing necessary indemnities, undertakings and such other documentation as prescribed in this Agreement and the Promoters Promoter shall give possession of the Apartment to the Allottee. In case the Allottee fails to take possession within the time provided in para 7.2, such Allottee shall continue to be liable to pay maintenance charges as specified in para 7.2. Further, irrespective of whether the Allottee takes possession of the Apartment or not given its possession for non-registration of the conveyance, it shall be bound to pay guarding charges at the rate of Rs.1,000/- Rs.10,000/- (Rupees one thousandTen thousand only) per month.