Notice of Possession definition

Notice of Possession means the notice given by the Builder to the Purchaser in terms of clause 6.1 herein below stating that the said Unit is ready for possession.
Sample 1Sample 2Sample 3
Notice of Possession means a written notice given by the Developer to the Buyer(s)/Allottee(s) to take over the physical possession of the said Flat within 60 (Sixty) days from the date of receiving occupancy Certificate.
Sample 1
Notice of Possession shall have the same meaning as ascribed to it in Clause 16.2 of this Agreement.
Sample 1

Examples of Notice of Possession in a sentence

  • Allottees of every phase will be entitled to use the Club as and when they get possession (three months from Notice of Possession).

  • If, for any reason, the Applicant fails and neglects or delays or is not ready or willing to take possession of the Said Premises, the Applicant shall be deemed to have taken possession of the Said Premises at the expiry of thirty days from the date of dispatch of the Notice of Possession by the Company.

  • In addition to the Holding Charges as described hereinabove, the Applicant shall also be liable to pay proportionate Maintenance Charges in respect of the Said Premises from the expiry of 30 days from the dispatch of the Notice of Possession till such time he takes possession of the Said Premises.

  • Within thirty days of the date of dispatch of the Notice of Possession the Applicant shall be liable to take physical possession of the Said Premises after making the entire balance payment and execution of the Maintenance Agreement on the terms mentioned herein.

  • Upon receiving the Notice of Possession from the Developer, as per para 7.2, the Allottees shall take possession of the Apartment from the Developer within the Possession Date by executing necessary indemnities, undertakings and such other documentation as prescribed in this Agreement, and the Developer shall give possession of the Apartment to the Allottees.

  • Upon receiving a written intimation from the Promoter (Notice of Possession) as per para 7.2, the Allottee shall take possession of the Apartment from the Promoter by executing necessary indemnities, undertakings and such other documentation as prescribed in this Agreement and the Promoter shall give possession of the Apartment to the Allottee.

  • In case the delivery of physical possession of the Apartment is withheld by the Allottee on any grounds/reasons, the physical possession of the Apartment shall be deemed to have been taken by the Allottee on the Deemed Date of Possession as indicated in the Notice of Possession and morefully described in Clause 7.3 below.

  • The Applicant agrees and understands that the maintenance charges shall commence from the date of possession offered by the Company in its Notice of Possession or the actual possession by the Applicant, whichever is earlier.

  • Notwithstanding anything stated hereinabove, upon expiry of a period of 90 days from the date of dispatch of the Notice of Possession, the Company/JIL shall, in addition to the right to levy Holding Charges as stated hereinabove, be entitled at its sole discretion to cancel the Provisional Allotment and refund the payments received from the Applicant in accordance with the terms of these Standard Terms & Conditions.

  • The Allottee shall from the date of the issue of Notice of Possession of the said Apartment, whether possession of the same is taken or not by the Allottee, pay the proportionate share of all outgoings and maintenance and other charges and also shall meet expenses such as, insurance, municipal/property taxes and cesses, electrical, water bills etc.


More Definitions of Notice of Possession

Notice of Possession means the notice given by the Developer to the Purchaser stating that the said Unit is ready for possession.
Sample 1

Related to Notice of Possession

  • Notice of Sale means the Notice of Sale of the Trust relating to the sale of the Series 2016A-1 Bonds to be dated on or about May 2, 2016, substantially in the form attached hereto as Exhibit D.

  • Property Notice means any order, notice, proposal, demand or other requirement issued by any competent authority (including the Landlord) which materially affects the Academy Trust’s ability to use the Land for the purposes of the Academy. Restrictions on Land transfer

  • Termination Notice means the communication issued in accordance with this Agreement by one Party to the other Party terminating this Agreement;

  • improvement notice means the notice issued by the Authority to the Supplier pursuant to Clause 32.1.3 (Authority Remedies) which will detail how the Supplier shall improve the provision of the Goods and/or Services;

  • CAFA Notice refers to the notice requirements imposed by 28 U.S.C. § 1715(b).

  • Notice of Dissatisfaction means the notice given by either Party to the other indicating its dissatisfaction and intention to commence arbitration.

  • Notice of Violation means a written notice prepared by an enforcement official that informs a responsible person of code violations and orders them to take certain steps to correct the violations.

  • Rejection Notice has the meaning specified in Section 2.05(b)(v).

  • Service Instructions means such instructions given to the Bank via any Telephone Banking Service;

  • Notice of Exclusive Control has the meaning given to such term in the Control Agreement.

  • Rectification Notice means a notice in writing that identifies a defect in a work and requires rectification of the defect within a specified period of time.

  • Acceptance of Tender means the letter or memorandum communicating to the supplier the acceptance of his offer (Tender) and shall include advance acceptance of his offer i.e. Letter of Intent or Rate Contract.

  • Dispatch Instruction has the meaning set forth in the CAISO Tariff.

  • Repudiation/Moratorium Extension Notice means a notice from the Calculation Agent to the Issuer (which the Calculation Agent has the right but not the obligation to deliver) that describes a Potential Repudiation/Moratorium that occurred on or prior to the Scheduled Maturity Date. A Repudiation/Moratorium Extension Notice must contain a description in reasonable detail of the facts relevant to the determination that a Potential Repudiation/Moratorium has occurred and indicate the date of the occurrence. The Potential Repudiation/Moratorium that is the subject of the Repudiation/Moratorium Extension Notice need not be continuing on the date the Repudiation/Moratorium Extension Notice is effective.