Common use of Possession Notice Clause in Contracts

Possession Notice. Subject to the provision of Clause 9.6.1 above, on the Completion Date (which may include the Extended Period or the period required beyond the Extended Period due to Circumstances Of Force Majeure and other circumstances mentioned in Clause 9.5 above), the Developer shall serve a notice on the Buyer (Possession Notice) calling upon the Buyer to take exclusive physical possession. Within 15 (fifteen) days from the date of the Possession Notice (Date Of Possession Notice), the Buyer shall be bound to take over exclusive physical possession of the Said Flat, after fulfilling all obligations under this Agreement, including payment of all amounts due to the Developer, failing which it shall be deemed that the Buyer has taken possession on the 16th day of the Date Of Possession Notice (date of actual or deemed exclusive physical possession, Date Of Possession). From the Date Of Possession Notice, the Buyer shall become liable to pay all outgoings (such as Common Expenses/Maintenance Charges and Rates & Taxes), irrespective of whether the Buyer takes exclusive physical possession of the Said Flat And Appurtenances. In case the deeming provision comes into force, the Buyer confirms that the Buyer shall not claim to be in physical possession of the Said Flat And Appurtenances and the same shall be received by the Buyer only upon clearing all dues and performing all obligations.

Appears in 3 contracts

Samples: www.siddhagroup.com, www.siddhagroup.com, www.siddhagroup.com

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Possession Notice. Subject to the provision of Clause 9.6.1 above, on the Completion Date (which may include the Extended Period or the period required beyond the Extended Period due to Circumstances Of Force Majeure and other circumstances mentioned in Clause 9.5 above), the Developer shall serve a notice on the Buyer (Possession Notice) calling upon the Buyer to take exclusive physical possession. Within 15 21 (fifteentwenty one) days from the date of the Possession Notice (Date Of Possession Notice), the Buyer shall be bound to take over exclusive physical possession of the Said Flat, Flat and the Parking Space (if any) after fulfilling all obligations under this Agreement, including payment of all amounts due to the Developer(if any) under this Agreement, failing which it shall be deemed that the Buyer has taken possession on the 16th 22nd day of the Date Of Possession Notice (date of actual or deemed exclusive physical possession, Date Of Possession). From the Date Of Possession Notice, the Buyer shall become liable to pay all outgoings (such as Common Expenses/Maintenance Charges Charge and Rates & Taxes), irrespective of whether the Buyer takes exclusive physical possession of the Said Flat And Appurtenances. In case the deeming provision comes into force, the Buyer confirms that the Buyer shall not claim to be in physical possession of the Said Flat And Appurtenances and the same shall be received by the Buyer only upon clearing all dues and performing all obligations.

Appears in 3 contracts

Samples: www.siddhagroup.com, www.siddhagroup.com, www.siddhagroup.com

Possession Notice. Subject to the provision of Clause 9.6.1 above, on On the Completion Date (which may include the Extended Period or the period required beyond the Extended Period due to Circumstances Of Force Majeure and other circumstances mentioned in Clause 9.5 above), the Developer shall serve a notice on the Buyer Allottee/s (Possession Notice) calling upon the Buyer Allottee/s to take exclusive physical possession. Within 15 21 (fifteentwenty one) days from the date of the Possession Notice (Date Of Possession Notice), the Buyer Allottee/s shall be bound to take over exclusive physical possession of the Said Flat, Flat and the Said Parking Space (if any) after fulfilling all obligations under this Agreement, including payment of all amounts due to the Developer(if any) under this Agreement, failing which it shall be deemed that the Buyer has Allottee/s has/have taken possession on the 16th 22nd day of the Date Of Possession Notice (date of actual or deemed exclusive physical possession, Date Of Possession). From the Date Of of Possession Notice, the Buyer Alottee/s shall become liable to pay all outgoings (such as Maintenance Charge, Common Expenses/Maintenance Charges Expenses and Rates & Taxes), irrespective of whether the Buyer takes exclusive Allottee/s take/s physical possession of the Said Flat And and Appurtenances. In case the deeming provision comes into force, the Buyer confirms Allottee/s confirm/s that the Buyer Allottee/s shall not claim to be in physical possession of the Said Flat And and Appurtenances and the same shall be received by the Buyer Allotte/s only upon clearing all dues and performing all obligations. Further, in case the Allottee/s fail/s to take possession within the time provided herein such Allottee/s shall continue to be liable to pay interest on amount due and payable in terms of this Agreement, Maintenance Charges as specified herein, municipal tax and other outgoings and further holding charge of Rs. /- (Rupees ) per month or part thereof for the period of delay of to taking possession.

Appears in 1 contract

Samples: Agreement for Sale

Possession Notice. Subject to the provision of Clause 9.6.1 above, on the Completion Date (which may include the Extended Period or the period required beyond the Extended Period due to Circumstances Of Force Majeure and other circumstances mentioned in Clause 9.5 above), the Developer shall serve a notice on the Buyer (Possession Notice) calling upon the Buyer to take exclusive physical possession. Within 15 (fifteen) days from the date of the Possession Notice (Date Of Possession Notice), the Buyer shall be bound to take over exclusive physical possession of the Said Flat, after fulfilling all obligations under this Agreement, including payment of all amounts due to the Developer, failing which it shall be deemed that the Buyer has taken possession on the 16th day of the Date Of Possession Notice (date of actual or deemed exclusive physical possession, Date Of Possession). From the Date Of Possession Notice, the Buyer shall become liable to pay all outgoings (such as Common Expenses/Maintenance Charges and Rates & Taxes), irrespective of whether the Buyer takes exclusive physical possession of the Said Flat And Appurtenances. In case the deeming provision comes into force, the Buyer confirms that the Buyer shall not claim to be in physical possession of the Said Flat And Appurtenances and the same shall be received by the Buyer only upon clearing all dues and performing all obligations. Furthermore, if on the Date Of Possession and for any reason whatsoever, the Buyer fails to take exclusive physical possession of the Said Flat And Appurtenances, the Buyer shall become liable to pay holding charges @ Rs.5/-(Rupees Five))- per square feet of super built up area of the Said Flat per month to the Developer.

Appears in 1 contract

Samples: Agreement

Possession Notice. Subject to the provision of Clause 9.6.1 above, on On the Completion Date (which may include the Extended Period or the period required beyond the Extended Period due to Circumstances Of Force Majeure and other circumstances mentioned in Clause 9.5 9.4 above), the Developer shall serve a notice on the Buyer (Possession Notice) calling upon the Buyer to take exclusive physical possession. Within 15 21 (fifteentwenty one) days from the date of the Possession Notice (Date Of Possession Notice), the Buyer shall be bound to take over exclusive physical possession of the Said Flat, Flat and the Said Parking Space (if any) after fulfilling all obligations under this Agreement, including payment of all amounts due to the Developer(if any) under this Agreement, failing which it shall be deemed that the Buyer has taken possession on the 16th 22nd day of the Date Of Possession Notice (date of actual or deemed exclusive physical possession, Date Of Possession). From the Date Of of Possession Notice, the Buyer shall become liable to pay all outgoings (such as Maintenance Charge, Common Expenses/Maintenance Charges Expenses and Rates & Taxes), irrespective of whether the Buyer takes exclusive physical possession of the Said Flat And and Appurtenances. In case the deeming provision comes into force, the Buyer confirms that the Buyer shall not claim to be in physical possession of the Said Flat And and Appurtenances and the same shall be received by the Buyer only upon clearing all dues and performing all obligations.

Appears in 1 contract

Samples: Agreement

Possession Notice. Subject to the provision of Clause 9.6.1 above, on On the Completion Date (which may include the Extended Period or the period required beyond the Extended Period due to Circumstances Of Force Majeure and other circumstances mentioned in Clause 9.5 9.4 above), the Developer Owner shall serve a notice on the Buyer (Possession Notice) calling upon the Buyer to take exclusive physical possession. Within 15 (fifteen) days from the date of the Possession Notice (Date Of Possession Notice), the Buyer shall be bound to take over exclusive physical possession of the Said Flat, Flat and the Said Parking Space (if any) after fulfilling all obligations under this Agreement, including payment of all amounts due to the Developer(if any) under this Agreement, failing which it shall be deemed that the Buyer has taken possession on the 16th 16 th day of the Date Of Possession Notice (date of actual or deemed exclusive physical possession, Date Of Possession). From the Date Of Possession Notice, the Buyer shall become liable to pay all outgoings (such as Maintenance Charge, Common Expenses/Maintenance Charges Expenses and Rates & Taxes), irrespective of whether the Buyer takes exclusive physical possession of the Said Flat And Appurtenances. In case the deeming provision comes into force, the Buyer confirms that the Buyer shall not claim to be in physical possession of the Said Flat And Appurtenances and the same shall be received by the Buyer only upon clearing all dues and performing all obligations.

Appears in 1 contract

Samples: 202.61.117.163

Possession Notice. Subject to the provision of Clause 9.6.1 above, on or before the Completion Date (which may include the Extended Period or the period required beyond the Extended Period extended due to the Circumstances Of Force Majeure and other circumstances mentioned in Clause 9.5 above), the Vendor/Developer shall serve a notice on the Buyer Allottee (Possession Notice) calling upon the Buyer Allottee to take exclusive physical possessionpossession of the Said Apartment from the Vendor/Developer. Within 15 (fifteen) days from the date of the Possession Notice (Date Of Possession Notice), the Buyer Allottee shall be bound to take over exclusive physical possession of the Said Flat, Apartment after fulfilling all obligations under this Agreement, including payment of all amounts due to the Vendor/Developer, failing which it shall be deemed that the Buyer Allottee has taken possession on the 16th day of the Date Of Possession Notice (date of actual or deemed exclusive physical possession, Date Of Possession). From the Date Of of Possession Notice, the Buyer Allottee shall become liable to pay all outgoings (such as Common Expenses/Maintenance Charges and Rates & TaxesTaxes and such other charges as applicable), irrespective of whether or not the Buyer Allottee takes exclusive physical possession of the Said Flat Apartment And Appurtenances. In case the deeming provision comes into force, the Buyer Allottee confirms that the Buyer Allottee shall not claim to be in physical possession of the Said Flat Apartment And Appurtenances and the same shall be received by the Buyer Allottee only upon clearing all dues and performing all obligations.

Appears in 1 contract

Samples: 202.61.117.163

Possession Notice. Subject to the provision of Clause 9.6.1 above, on the Completion Date (which may include the Extended Period or the period required beyond the Extended Period due to Circumstances Of Force Majeure and other circumstances mentioned in Clause 9.5 above), the Developer Owner shall serve a notice on the Buyer (Possession Notice) calling upon the Buyer to take exclusive physical possession. Within 15 30 (fifteenthirty) days from the date of the Possession Notice (Date Of Possession Notice), the Buyer shall be bound to take over exclusive physical possession of the Said Flat, after fulfilling all obligations under this Agreement, including payment of all amounts due to the DeveloperOwner, failing which it shall be deemed that the Buyer has taken possession on the 16th 30th day of the Date Of Possession Notice (date of actual or deemed exclusive physical possession, Date Of Possession). From the Date Of Possession Notice, the Buyer shall become liable to pay a monthly sum of Rs. with applicable Service Tax towards guarding charges and all outgoings (such as Common Expenses/Maintenance Charges and Rates & Taxes), irrespective of whether the Buyer takes exclusive physical possession of the Said Flat And Appurtenances. In case the deeming provision comes into force, the Buyer confirms that the Buyer shall not claim to be in physical possession of the Said Flat And Appurtenances and the same shall be received by the Buyer only upon clearing all dues and performing all obligations.

Appears in 1 contract

Samples: Sale Agreement

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Possession Notice. Subject to the provision of Clause 9.6.1 above, on On the Completion Date (which may include the Extended Period or the period required beyond the Extended Period due to Circumstances Of Force Majeure and other circumstances circumstances, mentioned in Clause 9.5 above), the Developer shall serve a notice on the Buyer (Possession Notice) calling upon the Buyer to take exclusive physical possession. Within 15 21 (fifteentwenty one) days from the date of the Possession Notice (Date Of Possession Notice), the Buyer shall be bound to take over exclusive physical possession of the Said FlatUnit and the Parking Space, if any, after fulfilling all obligations under this Agreement, including payment of all amounts due to the Developer, failing which it shall be deemed that the Buyer has taken possession on the 16th 22nd day of the Date Of Possession Notice (date of actual or deemed exclusive physical possession, Date Of Possession). From the Date Of Possession Notice, the Buyer shall become liable to pay all outgoings (such as Common Expenses/Expenses/ Maintenance Charges and Rates & Taxes), irrespective of whether the Buyer takes exclusive physical possession of the Said Flat Unit And Appurtenances. In case the deeming provision comes into force, the Buyer confirms that the Buyer shall not claim to be in physical possession of the Said Flat Unit And Appurtenances and the same shall be received by the Buyer only upon clearing all dues and performing all obligations.

Appears in 1 contract

Samples: Agreement

Possession Notice. Subject to the provision of Clause 9.6.1 19 (f) (i) above, on or before the Completion Date (which may include the Extended Period or the period required beyond the Extended Period extended due to the Circumstances Of Force Majeure and other circumstances mentioned in Clause 9.5 above25D below), the Vendor/Developer shall serve a notice notice, calling for possession, on the Buyer (Possession Notice) calling upon the Buyer Purchaser to take exclusive physical possessionpossession of the Said Unit/Flat from the Vendor and Developer. Within 15 30 (fifteenThirty) days from the date of the Possession Notice (Date Of Possession Notice), the Buyer Purchaser shall be bound to take over exclusive physical possession of the Said Flat, Unit/Flat after fulfilling all obligations under this Agreement, including payment of all amounts due to the Vendor and Developer, failing which it shall be deemed that the Buyer Purchaser has taken possession on the 16th 31st day of the Date Of Possession Notice (date of actual or deemed exclusive physical possession, Date Of Possession). From the Date Of of Possession Notice, the Buyer Purchaser shall become liable to pay all outgoings (such as Common Expenses/Maintenance Charges and Rates & TaxesTaxes and such other charges as applicable), irrespective of whether or not the Buyer Purchaser takes exclusive physical possession of the Said Flat And AppurtenancesUnit/Flat. In case the deeming provision comes into force, the Buyer Purchaser confirms that the Buyer Purchaser shall not claim to be in physical possession of the Said Unit/Flat And Appurtenances and the same shall be received by the Buyer Purchaser only upon clearing all dues and performing all obligations.

Appears in 1 contract

Samples: 202.61.117.163

Possession Notice. Subject to the provision of Clause 9.6.1 f) i) above, on the Completion Date (which may include the Extended Period or the period required beyond the Extended Period due to the Circumstances Of Force Majeure and other circumstances mentioned in Clause 9.5 e) above), the Developer shall serve a notice on the Buyer Transferee (Possession Notice) calling upon the Buyer Transferee to take exclusive physical possessionpossession of the Said Apartment. Within 15 (fifteen) days from the date of the Possession Notice (Date Of of Possession Notice), the Buyer Transferee shall be bound to take over exclusive physical possession of the Said Flat, Apartment after fulfilling all obligations under this Agreement, including payment of all amounts due to the Developer, failing which it shall be deemed that the Buyer Transferee has taken possession on the 16th day of the Date Of Possession Notice (date of actual or deemed exclusive physical possession, Date Of of Possession). From the Date Of of Possession Notice, the Buyer Transferee shall become liable to pay all outgoings (such as Common Expenses/Maintenance Charges and Rates & Taxes), irrespective of whether or not the Buyer Transferee takes exclusive physical possession of the Said Flat And Apartment and Appurtenances. In case the deeming provision comes into force, the Buyer Transferee confirms that the Buyer Transferee shall not claim to be in physical possession of the Said Flat And Apartment and Appurtenances and the same shall be received by the Buyer Transferee only upon clearing all dues and performing all obligations.

Appears in 1 contract

Samples: Agreement for Sale

Possession Notice. Subject to the provision of Clause 9.6.1 above, on On the Completion Date (which may include the Extended Period or the period required beyond the Extended Period due to Circumstances Of Force Majeure and other circumstances circumstances, mentioned in Clause 9.5 above), the Developer Developer/Owners shall serve a notice on the Buyer (Possession Notice) calling upon the Buyer to take exclusive physical possession. Within 15 21 (fifteentwenty one) days from the date of the Possession Notice (Date Of Possession Notice), the Buyer shall be bound to take over exclusive physical possession of the Said FlatUnit and the Parking Space, if any, after fulfilling all obligations under this Agreement, including payment of all amounts due to the Owners and the Developer, failing which it shall be deemed that the Buyer has taken possession on the 16th 22nd day of the Date Of Possession Notice (date of actual or deemed exclusive physical possession, Date Of Possession). From the Date Of Possession Notice, the Buyer shall become liable to pay all outgoings (such as Common Expenses/Maintenance Charges and Rates & Taxes), irrespective of whether the Buyer takes exclusive physical possession of the Said Flat Unit And Appurtenances. In case the deeming provision comes into force, the Buyer confirms that the Buyer shall not claim to be in physical possession of the Said Flat Unit And Appurtenances and the same shall be received by the Buyer only upon clearing all dues and performing all obligations.

Appears in 1 contract

Samples: Agreement

Possession Notice. Subject to the provision of Clause 9.6.1 above, on the Completion Date (which may include the Extended Period or the period required beyond the Extended Period due to Circumstances Of Force Majeure and other circumstances mentioned in Clause 9.5 above), the Developer shall serve a notice on the Buyer (Possession Notice) calling upon the Buyer to take exclusive physical possession. Within 15 (fifteen) days from the date of the Possession Notice (Date Of Possession Notice), the Buyer shall be bound to take over exclusive physical possession of the Said Flat, after fulfilling all obligations under this Agreement, including payment of all amounts due to the Developer, failing which it shall be deemed that the Buyer has taken possession on the 16th day of the Date Of Possession Notice (date of actual or deemed exclusive physical possession, Date Of Possession). From the Date Of Possession Notice, the Buyer shall become liable to pay all outgoings (such as Common Expenses/Maintenance Charges and Rates & Taxes), irrespective of whether the Buyer takes exclusive physical possession of the Said Flat And Appurtenances. In case the deeming provision comes into force, the Buyer Xxxxx confirms that the Buyer shall not claim to be in physical possession of the Said Flat And Appurtenances and the same shall be received by the Buyer only upon clearing all dues and performing all obligations.

Appears in 1 contract

Samples: Agreement

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