Common use of Failure of Allottee to take Possession of Dwelling Unit Clause in Contracts

Failure of Allottee to take Possession of Dwelling Unit. Upon receiving a written intimation from the CGEWHO as per clause 7.2, the Allottee shall take possession of the Dwelling Unit from the CGEWHO by executing necessary indemnities, undertakings (Annexure-I, II & III as per format attached) and such other documentation as prescribed in this Agreement, and after executing the conveyance deed the CGEWHO shall give possession of the Dwelling Unit to the allottee. In case the Allottee fails to take possession within the time provided in clause 7.2, such Allottee shall continue to be liable to pay the CGEWHO holding charges at the rate of Rs.2/- per month per sq.ft. of carpet area for the period beyond3 months till actual date of possession in addition to maintenance charges as specified in para 7.2.

Failure of Allottee to take Possession of Dwelling Unit. Upon receiving a written intimation from the CGEWHO as per clause 7.2, the Allottee shall take possession of the Dwelling Unit from the CGEWHO by executing necessary indemnities, undertakings (Annexure-Annexure- I, II & III as per format attached) and such other documentation as prescribed in this Agreement, and after executing the conveyance deed the CGEWHO shall give possession of the Dwelling Unit to the allottee. In case the Allottee fails to take possession within the time provided in clause 7.2, such Allottee shall continue to be liable to pay the CGEWHO holding charges at the rate of Rs.2/- per month per sq.ft. of carpet area for the period beyond3 months till actual date of possession in addition to maintenance charges as specified in para 7.2.