Possession of Property. Upon the BUYER’s complete payment of Insert percentage here in words percent (Insert percentage in Arabic %) of the Contract Price and the payment of any penalties or interest, if any, and the unit is ready for occupancy, the BUYER may occupy the property and is deemed to enjoy possession of the same. The BUYER shall from that time onwards, assume full responsibility for the upkeep and maintenance of the PROPERTY and liability for paying all taxes due and other assessments levied thereon, whether the BUYER takes physical possession of and occupies the PROPERTY, the title/ownership shall remain with the SELLER or its assignee, until after the total Contract Price and all interest, liquidated damages, if any, taxes and assessment as provided here, have been fully paid by the BUYER. CERTIFICATE OF COMPLETION. The PARTIES agree that prior to the issuance by the concerned government entity/ies concerned of the necessary permits, licenses, including but not limited to the Certificate of Completion, and notwithstanding the fact that the BUYER has already paid Insert percentage in Arabic% of the purchase price and notwithstanding further that the unit be ready for occupancy but the development of the property is still ongoing, the parties agree that the BUYER may not demand from the SELLER to provide electricity, other public utilities, and paved roads, etc. until and after the necessary permits, licenses, Certificate of Completion shall have been submitted to the SELLER. The BUYER may, subject to the written consent of the SELLER, which consent shall not be unjustifiably withheld, be permitted to install temporarily, electric and water connection, at the expense of the BUYER. It is understood that the SELLER or any of its assignee, shall not be liable for any damage caused by reason of or as a consequence of the temporary connection. START OF CONTSTRUCTION. The PARTIES agree that upon completion by the BUYER of Insert percentage here in words percent (Insert percentage in Arabic %) payment of the Contract Price including any penalties or interest due if any, the SELLER shall start constructing and building the PROPERTY.
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Possession of Property. Upon the BUYER’s complete payment of Insert percentage here in words percent (Insert percentage in Arabic %) of the Contract Price and the payment of any penalties or interest, if any, and the unit is ready for occupancy, the BUYER may occupy the property and is deemed to enjoy possession of the same. The BUYER shall from that time onwards, assume full responsibility for the upkeep and maintenance of the PROPERTY and liability for paying all taxes due and other assessments levied thereon, whether the BUYER takes physical possession of and occupies the PROPERTY, the title/ownership shall remain with the SELLER or its assignee, until after the total Contract Price and all interest, liquidated damages, if any, taxes and assessment as provided here, have been fully paid by the BUYER. CERTIFICATE OF COMPLETION. The PARTIES agree that prior to the issuance by the concerned government entity/ies concerned of the necessary permits, licenses, including but not limited to the Certificate of Completion, and notwithstanding the fact that the BUYER has already paid Insert percentage in Arabic% of the purchase price and notwithstanding further that the unit be ready for occupancy but the development of the property is still ongoing, the parties agree that the BUYER may not demand from the SELLER to provide electricity, other public utilities, and paved roads, etc. until and after the necessary permits, licenses, Certificate of Completion shall have been submitted to the SELLER. The BUYER may, subject to the written consent of the SELLER, which consent shall not be unjustifiably withheld, be permitted to install temporarily, electric and water connection, at the expense of the BUYER. It is understood that the SELLER or any of its assignee, shall not be liable for any damage caused by reason of or as a consequence of the temporary connection. START OF CONTSTRUCTION. The PARTIES agree that upon completion by the BUYER of Insert percentage here in words percent (Insert percentage in Arabic %) payment of the Contract Price including any penalties or interest due if any, the SELLER shall start constructing and building the PROPERTY.
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Samples: Sell
