Commercial Plot definition
Examples of Commercial Plot in a sentence
Provided that, the Said Commercial Plot is equipped with all the specifications, amenities, facilities as per the agreed terms and conditions and common areas as provided under Rule 2(1)(f) of Rules, 2017.
Any application letter, allotment letter, agreement, or any other document signed by the Allottee, in respect of the Said Commercial Plot prior to the execution and registration of this Agreement for Sale for such Said Commercial Plot shall not be construed to limit the rights and interests of the allottee under the Agreement for Sale or under the Act or the rules or the regulations made thereunder.
If there is any increase in the area, which is not more than five percent of the area of the Said Commercial Plot, allotted to the Allottee, the Promoter may demand that from the Allottee as per the next milestone of the Payment Plan as provided in Schedule C.
The Parties are entering into this Agreement for the allotment of a Said Commercial Plot for commercial usage with the full knowledge of all laws, rules, regulations, notifications applicable in the State and related to the Project.
This Agreement, along with its schedules, constitutes the entire Agreement between the Parties with respect to the subject matter hereof and supersedes any and all understandings, any other agreements, allotment letter, correspondences, arrangements whether written or oral, if any, between the Parties in regard to the Said Commercial Plot for commercial usage.
Wherever in this Agreement, it is stipulated that the Allottee has to make any payment, in common with other allottee(s) in Project, the same shall be the proportion which the area of the Said Commercial Plot for commercial usage bears to the total area of all the commercial plots in the Project.
The Promoter/maintenance agency/association of allottees/competent authority shall have rights of access of Common Areas for providing necessary maintenance services and the Allottee agrees to permit the association of allottees and/or maintenance agency/competent authority to enter into the Said Commercial Plot for commercial usage after giving due notice and entering the said premises during the normal working hours, unless the circumstances warrant otherwise, with a view to rectify such defect(s).
The Promoter shall abide by the time schedule for completing the Project as disclosed at the time of registration of the Project with the Authority and towards handing over the Said Commercial Plot for commercial usage to the Allottee and the common areas to the association of allottees/maintenance agency or the competent authority, as the case may be, as provided under Rule 2(1)(f) of Rules, 2017.
The Allottee authorizes the Promoter to adjust/appropriate all payments made by him/her under any head(s) of dues against lawful outstanding of the Allottee against the Said Commercial Plot for commercial usage if any, in his/her name and the Allottee undertakes not to object/demand/direct the Promoter to adjust his payments in any manner.
If any term or provision of this Agreement or the application thereof to any person or circumstances is held to be invalid or unenforceable to any extent, the remainder of this Agreement or the application of such provision to other persons or circumstances shall not be affected thereby and may be enforced to the fullest extent permitted by law.