TRANSFER OF THE SAID APARTMENT Sample Clauses

TRANSFER OF THE SAID APARTMENT. The Promoter on receipt of Total Price of the Apartment as per para 1.2 under the Agreement from the Allottee, shall execute a deed of Transfer of its leasehold right in respect of the Apartment together with proportionate indivisible share in the Common Areas within 3 months from the date of issuance of the occupancy certificate and the completion certificate, as the case may be, to the allottee: Provided that, in the absence of local law, the Transfer deed in favour of the allottee shall be carried out by the promoter within 3 months from the date of issue of occupancy certificate. However, in case the Allottee fails to deposit the stamp duty and/or registration charges within the period mentioned in the notice, the Allottee authorizes the Promoter to withhold registration of the Transfer deed in his/her favour till payment of stamp duty and registration charges to the Promoter is made by the Allottee.
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TRANSFER OF THE SAID APARTMENT. The Promoter and the Lessee / Transferor on receipt of complete amount of the Price of the Apartment under the Agreement from the Allottee and other amounts elsewhere herein mentioned, shall execute a transfer deed and transfer the Apartment together with proportionate indivisible share in the common areas within 3 (three) months from the issuance of the completion / occupancy certificate, as applicable. However, the Promoter may require execution of the Transfer Deed in favour of the Allottee simultaneously with the delivery of possession of the Apartment to the Allottee and the Promoter shall not be obliged to deliver possession of the Apartment to the Allottee unless the Allottee executes and/or is ready and willing to execute the Transfer Deed simultaneously with such delivery of possession. However, in case the Allottee fails to deposit the stamp duty, registration charges and all other incidental and legal expenses etc. so demanded within the period mention in the demand letter, the Allottee authorizes the promoter to withhold registration of the Transfer Deed in his/her favour till full and final settlement of all dues and stamp duty and registration charges to the promoter is made by the Allottee. The Allottee shall be solely responsible and liable for compliance of the provisions of Indian Stamp Act, 1899 including any actions taken or deficiencies / penalties imposed by the competent authority(ies). All liabilities owing to such non- registration shall be to the account of the Allottee and the Allottee shall indemnify and keep the Promoter saved harmless and indemnified of from and against all losses damages costs claims demands suffered or incurred to likely to be suffered or incurred by the Promoter. Lessee / Transferor's Confirmation: The Lessee / Transferor has been made party to these presents to confirm the Allottee that the Lessee / Transferor shall join in as party to the deed of transfer that would be executed and registered for transfer of the Apartment in favour of the Allottee without claiming any additional consideration from the Allottee. The Lessee's / Transferor's obligation is limited to transfer of leasehold interest in the land comprised in the said Premises in terms of the Head Lease and the Development Agreement, which may either be in favour of Allottees individually or the Association of Allottees, as may be applicable. The Promoter and the Lessee / Transferor have agreed to transfer the proportionate undivided indivisible ...
TRANSFER OF THE SAID APARTMENT. The Promoter, on receipt of Total Price of the Said Apartment and Appurtenances (as provided in Schedule C under the Agreement) from the Allottees, shall execute a transfer deed drafted by the Promoter’s legal advisor sand transfer the title of the Said Apartment and Appurtenance within 3 (three) months from the date of issuance of the completion certificate to the Allottees: However, in case the Allottees fail to deposit the stamp duty and/or registration charges within the period mentioned in the notice, the Allottees authorize the Promoter to withhold registration of the conveyance deed in his/her favour till payment of stamp duty and registration charges and the Allottees shall be bound by its obligations as morefully mentioned in Clause 7.3 of this Agreement.
TRANSFER OF THE SAID APARTMENT. 13.1. The Promoter/ Developer on receipt of Total Price of the Apartment as per Clause No 3.2 under the Agreement from the Allottee, shall execute a Deed of Transfer and sub lease the Apartment together with proportionate indivisible share in the Common Areas within 3 months from the date of issuance of the occupancy certificate and /or the completion certificate. as the case may be, to the allottee:

Related to TRANSFER OF THE SAID APARTMENT

  • Transfer of Business Where a transfer of business occurs, an Employee who worked with the old employer and who continues in the service of the new employer will be entitled to count her/his service with the old employer as service with the new employer for the purposes of this clause.

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