Examples of Possession Notice in a sentence
Part 3 (Processes and compensation for notification after the Possession Notice Date) 4.
In case the Allottee fails to take possession within the time provided in para 7.2 in the Possession Notice such Allottee shall be liable to pay maintenance charges as specified in para 7.2 from such date as notified in the Possession Notice (Deemed Possession).
The AO published the Possession Notice in the newspapers as required under the SARFAESI Act.
It is understood by the Allottee that even if the Allottee fails to take possession of the Apartment within the Possession Period, the Allottee shall be deemed to have taken possession on the 61st day from the date of Possession Notice which date, for all purposes and irrespective of the actual date when the Allottee takes physical possession of the Apartment, will be deemed to be the Possession Date.
The Promoter shall serve upon the Allottee a notice in writing (“Possession Notice”) to take over possession of the Apartment within 60 (sixty) days (“Possession Period”) from the date of the Possession Notice.