RIGHT TO ACKNOWLEDGEMENT Clause Samples

RIGHT TO ACKNOWLEDGEMENT i. The Allottee(s) agrees that the Apartment / Plot shall not be used for any purpose other than the specific purpose for which the same is required to be sold. It is further expressly agreed that under no circumstances the Allottee(s) shall utilize the Apartment / Plot for any other purpose otherwise for which it was sold. ii. The Promoter shall be entitled to enter in separate agreements with the owners, Allottee(s) of different units in the Building of the Project on terms and conditions decided by the Promoter in its sole discretion and shall without any delay or demur enroll the new Allottee(s) as member(s) of the Association(s). However, the Allottee(s) and/or Association shall not claim any reduction in the Sale Consideration and/or any damage on the ground of inconvenience and/or nuisance or on any other ground whatsoever. Further, the Promoter shall not be liable to pay or contribute any amount on account of non-occupancy charges or for any other charges or fund provided under the bylaws, rules and regulations or resolutions of the Association. The Promoter shall be entitled to possess all the legal right over the Unit, until it is handed over in favour of the Allottee(s) and shall carry out any development / maintenance and other acts as may be considered necessary iii. The Promoter shall not be liable to bear or pay any contributions, deposits, expenses, transfer fees, non-occupancy charges, donations, premiums or any other amounts, charges or liabilities whatsoever to the Association of Apartment Owners to be formed in respect of the Project, as the case may be in iv. The Promoter and/or its affiliates shall in its discretion, control the placement, installation and provision of any types of temporary and permanent signage and hoardings (including neon, backlit and illuminated signage and hoardings) of whatsoever nature upon and in the Project and/or any part thereof till such time the Project is completed, and the Common Areas are handed over in favour of the Association of Apartment Owners to be formed in respect of the Project. Further, the Promoter and/or its affiliates shall always have full complete and unrestricted access to such hoardings, and signage. Without prejudice to the generality of the foregoing provisions the Promoter and/or its affiliates shall have full rights, in its/their discretion, to install its/their name/s and any other intellectual property of the Promoter at one or more places or in or upon the Said Land and/or upon...