Schedule for possession of the Apartment Sample Clauses

Schedule for possession of the Apartment. The Vendor/ Xxxxxxxxx agrees and understands that timely delivery of possession of the Apartment to the Allottee and the Common Areas to the Association or the competent authority, as the case may be, is the essence of the Agreement. The Vendor/ Developer assures to hand over possession of the Apartment along with ready and complete Common Areas with all specifications, amenities and facilities of the Project in place by 30.12.2023 unless there is delay or failure due to Force Majeure. If, however, the completion of the Project is delayed due to the Force Majeure conditions then the Allottee agrees that the Vendor/ Developer shall be entitled to the extension of time for delivery of possession of the Apartment. However, if the said Apartment is made ready prior to the Completion Date, the Allottee undertakes(s) and covenant (s) not to make or raise any objection to the consequent pre-ponement of his/her /their/its payment obligations, having clearly agreed and understood that the payment obligations of the Allottee are linked inter alia to the progress of construction, and the same is not a time linked plan Provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it becomes impossible for the Vendor/ Developer to implement the Project due to Force Majeure conditions, then this allotment shall stand terminated and the Vendor/ Developer shall refund to the Allottee the entire amount (less any taxes collected from the Allottee) received by the Vendor/ Developer, from the allotment within 45 (forty- five) days from that date. The Vendor/ Developer shall intimate the Allottee about such termination at least 30 (thirty) days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/ she/they shall not have any rights, claims etc. against the Vendor/ Developer and that the Vendor/ Developer shall be released and discharged from all its obligations and liabilities under this Agreement. For the purposes of force majeure the following shall be deemed to be force majeure conditions: i) War
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Schedule for possession of the Apartment. The Promoter agrees and understands that timely delivery of possession of the Apartment to the Allottee and the Common Areas to the Association, is the essence of this Agreement. The Promoter assures to hand over possession of the Apartment to the Allottee, along with ready and complete Common Areas with all specifications, amenities and facilities of the Project in place, on [•] , unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the Project or such handover of possession is delayed on account of any notice, order, rule, notification of the government and/or other public or competent authority/ court (“Force Majeure”). If, however, the completion of the Project is delayed due to Force Majeure, then the Allottee agrees that the Promoter shall be entitled to extension of time for delivery of possession of the Apartment.‌ Provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it becomes impossible for the Promoter to implement the Project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 (forty five) days from the date of termination without any interest or compensation and after deduction of such other tax/levy as may be applicable at such time. The Promoter shall intimate the Allottee about such termination at least 30 (thirty) days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/ she shall not have any rights, claims, etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.
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Schedule for possession of the Apartment. The Promoter agrees and understands that timely delivery of possession of the Apartment is the essence of the Agreement. The Promoter, based on the approved plans and specifications, assures to hand over possession of the Apartment on 30th June, 2026, unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature or other exigency affecting the regular development of the real estate project ("Force Majeure"). If, however, the completion of the Project is delayed due to the Force Majeure conditions then the Allottee/s agrees that the Promoter shall be entitled to the extension of time for delivery of possession of the Apartment, provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee/s agrees and confirms that, in the event it becomes, impossible for the Promoter to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee/s the entire amount received by the Promoter from the allotment within 45 days from that date. After refund of the money paid by the Allottee/s, the Allottee/s agrees that he/she/they shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.
Sample 1

Related to Schedule for possession of the Apartment

  • POSSESSION OF THE APARTMENT 7.1 Schedule for possession of the said Apartment: The Promoters agree and understand that timely delivery of possession of the Apartment to the Allottee and the Phase Common Portions to the Association of the Allottees of the Said Phase or the Competent Authority, as the case may be, is the essence of the Agreement. The Promoters assure to handover possession of the Apartment along with ready and complete Block Common Portions with the Specifications, Amenities and Facilities thereof on the date mentioned in Recital F unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake, any statutory order, rule, notification, or order or direction of any Court or any other calamity caused by nature affecting the regular development of the real estate project ("Force Majeure"). If, however, the completion of the Said Phase is delayed due to the Force Majeure conditions, then the Allottee agrees that the Promoters shall be entitled to the extension of time for delivery of possession of the Apartment. Provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event if becomes impossible for the Promoters to implement the Said Phase due to Force Majeure conditions, then this allotment shall stand terminated and the Developer, on behalf of all the Promoters, shall refund to the Allottee the entire amount paid by him/her to the Developer for the allotment within 45 days from that date, less the taxes, if any. For the refund of any taxes, the Allottee shall be required to apply directly to the concerned authorities. The Developer shall intimate the Allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/she shall not have any rights, claims etc. against any of the Promoters and that the Promoters shall be released and discharged from all its obligations and liabilities under this Agreement.

  • POSSESSION OF THE APARTMENT/PLOT 7.1 Schedule for possession of the said [Apartment/Plot] - The Promoter agrees and understands that timely delivery of possession of the [Apartment/Plot] to the allottee and the common areas to the association of allottees or the competent authority, as the case may be, is the essence of the Agreement. The Promoter assures to hand over possession of the [Apartment/Plot] along with ready and complete common areas with all specifications, amenities and facilities of the project in place on , unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for delivery of possession of the [Apartment/Plot], provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it becomes impossible for the Promoter to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 60 days from that date. The promoter shall intimate the allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

  • RIGHT TO ENTER THE APARTMENT FOR REPAIRS The Promoter / maintenance agency /association of allottees shall have rights of unrestricted access of all Common Areas, garages/closed parking's and parking spaces for providing necessary maintenance services and the Allottee agrees to permit the association of allottees and/or maintenance agency to enter into the [Apartment/Plot] or any part thereof, after due notice and during the normal working hours, unless the circumstances warrant otherwise, with a view to set right any defect.

  • CONSTRUCTION OF THE PROJECT/ APARTMENT The Allottee has seen the proposed layout plan, specifications, amenities and facilities of the [Apartment/Plot] and accepted the floor plan, payment plan and the specifications, amenities and facilities [annexed along with this Agreement] which has been approved by the competent authority, as represented by the Promoter. The Promoter shall develop the Project in accordance with the said layout plans, floor plans and specifications, amenities and facilities. Subject to the terms in this Agreement, the Promoter undertakes to strictly abide by such plans approved by the competent Authorities and shall also strictly abide by the bye-laws, FAR and density norms and provisions prescribed by the [Please insert the relevant State laws]and shall not have an option to make any variation /alteration / modification in such plans, other than in the manner provided under the Act, and breach of this term by the Promoter shall constitute a material breach of the Agreement.

  • LOCATION AND DESCRIPTION OF THE PROPERTY The subject property is located on the 17th floor of a 30 storey, Residensi Pandan, Xxxxx Xxxxxx Xxx 0. The subject property comprises of a service apartment identified Developer‟s Parcel No. R1-17-07, Storey No. 17, Building No. R1, together with Accessory Parcel No. R1-17-17a, Building R1 and Accessory Parcel Car Park Nos.: 03-334 & 03-335, Building R1, Pandan Residence and bearing postal address Xxxx Xx. #00-00, Xxxxxxxxx Xxxxxx, Xxxxx Xxxxxx Xxx 0, Xxxxx Xxxxxxxxxxx Xxxxxx, 00000 Xxxxx Xxxxx, Xxxxx Xxxxx Xxxxxx. RESERVE PRICE The property will be sold on an ''as is where is basis" and subject to a reserve price of RM400,000.00 (RINGGIT MALAYSIA FOUR HUNDRED THOUSAND ONLY) only and subject to the Conditions of Sale and by way of an Assignment from the above Assignee subject to consent being obtained by the successful bidder ('the Purchaser") from the Developer and other relevant authorities, if any, is required, including all terms, conditions, stipulations and covenants which were and may be imposed by the Developer and the relevant authority. All expenses incurred in obtaining the said consent shall be borne by the Purchaser. Any arrears of quit rent, taxes, rates, assessment, fees, bills, charges and outgoings which may be lawfully due to any relevant authority or the Developer or Proprietor or relevant third parties entitled thereto up to the date of the successful sale of the subject property shall be borne out of the purchase price. The Purchaser shall bear and pay all fees and expenses including but not limited to all legal fees, stamp duty and registration fees in connection with, incidental to, or pursuant to the Assignment and all other documents necessary for effecting the transfer or assigning the beneficial ownership in the property to the Purchaser and shall also bear all risks in relation to the purchase of the property. If goods and services tax is chargeable on the purchase price of the property, then the goods and services tax shall be paid by the Purchaser in addition to the purchase price payable by the Purchaser. All intending bidders are required to deposit 10% of the fixed reserve price (“the initial deposit”) by way of bank draft or cashier’s order crossed “A/C PAYEE ONLY” made payable to OCBC BANK (MALAYSIA) BERHAD prior to the auction sale or remit the same through online banking transfer, one (1) working day before auction date and pay the difference between the initial deposit and the sum equivalent to 10% of the successful bid price either in cash or bank draft or cashier’s order crossed “A/C PAYEE ONLY” made payable to OCBC BANK (MALAYSIA) BERHAD immediately after the fall of the hammer with the undermentioned Auctioneer. The balance of the purchase price is to be settled within one hundred and twenty (120) days from the date of auction sale to OCBC BANK (MALAYSIA) BERHAD. For online bidders please refer to the Terms & Conditions on xxx.xxxxxxxxxxxxxxxx.xxx on the manner of payment of the deposit. For further particulars, please contact Messrs. Xxxxxxxx Xxxxx Law Offices, Solicitors for the Assignee herein whose address is at Xx. 000, Xxxxx Xxxxx, Xxxxx Xxx Xxxxxx 00000 Xxxxx Xxxxx. (Ref.: 2023/11318/CE/pn, Tel.: 00-000 0000 & 00-000 0000, Fax: 00-000 0000) or the undermentioned Auctioneer. EHSAN AUCTIONEERS SDN. BHD. (Co. No. 617309-U) DATO‟ HAJI XXXXX XXXXX BIN X.X. XXXX (D.I.M.P) Suite C-20-3A, Level 20, Block C, Megan Avenue II, / XXXXX XXXXX BIN XXXXXX 00, Xxxxx Xxx Xxxx Xxxx, 50450 Kuala Lumpur (Licensed Auctioneers) Tel No.: 00-0000 0000 Fax No.: 00-0000 0000 Our Ref: ALIN/OCBC1364/CE Website: xxx.xxxxxxxxxxxxxxxx.xxx E-mail: xxxx@xxxxxxxxxxxxxxxx.xxx HP NO. : 000-0000 000 (CALL, WHATSAPP & SMS) PERISYTIHARAN JUALAN DALAM PERKARA PERJANJIAN KEMUDAHAN (PERBANKAN PENGGUNA), SURATIKATAN PENYERAHANHAK (HARTANAH) XXX SURAT KUASA WAKIL (HARTANAH) KESEMUANYA BERTARIKH 02HB OGOS, 2013 DI ANTARA OCBC BANK (MALAYSIA) BERHAD (199401009721 / 295400-W) PIHAK PEMEGANG SERAHHAK/BANK XXX XXX XXXX XXXX (NO K/P.: 850514-12-6139) PIHAK PENYERAH HAK/PEMINJAM Menurut kuasa xxx xxx xxxx telah Diberikan Kepada Pihak Pemegang Serahhak/Bank di bawah perkara Perjanjian Kemudahan (Perbankan Pengguna), Suratikatan Penyerahanhak (Hartanah) xxx Surat Kuasa Wakil (Hartanah) kesemuanya bertarikh 02hb Ogos, 2013 selepas ini dirujuk sebagai („Perjanjian Tersebut‟) di antara Pihak Penyerahhak/Peminjam xxx Pihak Pemegang Serahhak/Bank, xxx berkenaan dengan Perjanjian Jualbeli di antara MB Builders Sdn. Bhd. (”Penjual”) xxx Xxx Xxxx Xxxx („Pembeli”) bertarikh 17hb Julai, 2013 adalah dengan ini diisytiharkan bahawa Pihak Pemegang Serahhak dengan dibantu oleh Xxxxxxxx yang tersebut di bawah:- AKAN MENJUAL HARTANAH YANG DITERANGKAN DI BAWAH SECARA:- LELONGAN AWAM SECARA ATAS TALIAN PADA HARI SELASA, 05HB MAC, 2024, JAM 10.30 PAGI, XX XXXXX WEB xxx.xxxxxxxxxxxxxxxx.xxx Bakal pembida boleh mengemukakan bidaan untuk hartanah dalam talian melalui xxx.xxxxxxxxxxxxxxxx.xxx (Untuk bidaan dalam talian, xxxx daftar sekurang-kurangnya satu (1) hari bekerja sebelum hari lelongan untuk tujuan pendaftaran & pengesahan) NOTA: Xxxxx-xxxxx pembeli adalah dinasihatkan: (i) agar memeriksa harta tersebut (ii) meminta nasihat daripada Pihak Xxxxxx mengenai Syarat-Syarat Jualan (iii) membuat carian hakmilik xxxxx xxxxxx rasmi di Pejabat Tanah xxx (iv) serta membuat pertanyaan dengan Pihak Pemaju xxx/atau pihak-pihak xxxx xxxx berkenaan mengenai persetujuan untuk jualan ini sebelum jualan lelong. Pembeli yang berjaya akan bertanggungjawab untuk mendapatkan kebenaran untuk pindahmilik (jika ada) selepas jualan daripada Pihak Pemaju xxx/atau pihak-pihak xxxx xxxx berkenaan. BUTIR-BUTIR HARTANAH:- NO. HAKMILIK STRATA / NO. LOT : PN 77615/M1/18/134, Lot 42940, Xxxxx Aksesori No. A212, A213, A517, A518 MUKIM / DAERAH / NEGERI : Tebrau / Johor Bahru / Johor PEGANGAN : Faedah pajakan 99 tahun KELUASAN LANTAI : 1,235 kaki persegi PENJUAL / PEMAJU : MB Builders Sdn. Bhd. (842965-P) PEMILIK BENEFISIAL : Koh Leng Kiat BEBANAN : Diserahhak kepada OCBC BANK (MALAYSIA) BERHAD berdasarkan Perjanjian-perjanjian tersebut xxx tertakluk kepada semua ismen, pajakan, tenansi, penghuni, caj, kaveat, jualbeli terdahulu, penyerahhakkan terdahulu, waad, liabiliti yang wujud di atasnya atau terhadapnya. KATEGORI KEGUNAAN TANAH : Bangunan SYARAT NYATA : i) Tanah ini hendaklah digunakan untuk Pangsapuri Xxxxxx xxx kegunaan xxxx xxxx berkaitan dengannya, dibina mengikut xxxxx xxxx telah diluluskan oleh Pihak Berkuasa Tempatan.

  • Failure of Allottee to take Possession of Apartment Upon receiving a written intimation from the Promoter as per para 7.2, the Allottee shall take possession of the 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 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.

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