Examples of Association of apartment owners in a sentence
After obtaining the completion certificate as provided in sub-section (5) and handing over physical possession of the apartments to the allottees, it shall be the responsibility of the promoter to hand over the possession of the common areas and facilities and also the originals of the plans and documents to the Association of apartment owners formed and registered under sub-section (2) of section-14.
Investment properties include premises on freehold land where the Company is yet to be registered as the owner of a proportionate share in the land` 28.66 Lakhs (Previous year ` 28.66 Lakhs), Jointly owned Residential Premises` 28.39 Lakhs (Previous year ` 28.39 Lakhs) and Shares in Co- operative Housing Societies, Association of apartment owners and in a company ` 0.17 Lakh (Previous year ` 0.17 Lakh).
The builder shall cause to register an Association of apartment owners as required under the Orissa Apartment Ownership Act, 1982, before occupancy certificate for 50% or more of the floor area is given.
Investment properties include premises on freehold land where the Company is yet to be registered as the owner of a proportionate share in the land with carrying amount` 17.26 Lakhs (Previous year ` 17.77 Lakhs), Jointly owned Residential Premises and Land with carrying amount `1,552.01 Lakhs (Previous year ` 1,552.17 Lakhs) and Shares in Co-operative Housing Societies, Association of apartment owners and in a company ` 0.17 Lakh (Previous year ` 0.17 Lakh).
Any such purchaser or transferee shall be entitled to a statement from the Association of apartment owners setting forth the amount of the unpaid assessment against the vendor or transferor and such purchaser or transferee shall not be liable for, nor shall the apartment sold or transferred, be subject to a charge for any unpaid share of common expenses against such apartment accrued prior to such sale or transfer in excess of the amount set forth in such statement.