Possession by the Purchaser Clause Samples
The 'Possession by the Purchaser' clause defines when and under what conditions the buyer is entitled to take physical control of the property or goods being purchased. Typically, this clause specifies the exact date or event—such as completion of payment or closing of the transaction—upon which possession is transferred from the seller to the purchaser. For example, in a real estate contract, it may state that the buyer receives the keys and access to the property immediately after closing. The core function of this clause is to clearly establish the point at which the purchaser assumes responsibility and rights over the property, thereby preventing disputes over access, liability, and risk of loss.
Possession by the Purchaser. After obtaining the completion certificate and handing over physical possession of the Apartment to the Purchasers, it shall be the responsibility of the Developer to hand over the necessary documents and plans, including common areas, to the association of Purchaser or the competent authority, as the case may be, as per the local laws; The developer shall handover the necessary documents and plans, including common areas, to the association of purchasers or the competent authority, as the case may be, within thirty days after obtaining the completion certificate.
Possession by the Purchaser. Allottee-After obtaining the occupancy certificate* and handing over physical possession of the Unit/Apartment to the Purchaser/Allottee, it shall be the responsibility of the Vendor to handover the necessary documents and plan, including common areas to the Association of Purchaser/Allottees as per the local laws:
Possession by the Purchaser. After obtaining the occupancy certificate* and handing over physical possession of the [Flat] to the Purchaser, it shall be the responsibility of the Vendor to handover the necessary documents and plan, including common areas to the Association of Purchasers or the competent authority, as the case may be, as per the local laws: [Provided that, in the absence of any local law, the Vendor shall handover the necessary documents and plans, including common areas, to the Association of Purchasers or the competent authority, as the case may be, within thirty days after obtaining the completion certificate].
Possession by the Purchaser. After obtaining the completion certificate and handing over physical possession of the Plot to the Purchasers, it shall be the responsibility of the Seller to hand over the copy of necessary documents and plans and permissions of the competent authority, as the case may be, as per the local laws. Provided that, in the absence of any local law, the Seller shall handover the necessary documents and plans, including common areas, to the association of Purchasers or the competent authority, as the case may be, within thirty days after obtaining the completion certificate.
Possession by the Purchaser. Allottee(s) - After obtaining the occupancy certificate and handing over physical possession of the Apartment to the Purchaser/Allottee(s), it shall be the responsibility of the Developer/Promoter to handover the necessary documents and plan, including common areas to the Association of Purchaser/ Allottee(s) or the competent authority, as the case may be, as per the local laws. Provided that, in the absence of any local law, the Promoter shall handover the necessary documents and plans, including common areas, to the Association of Allottees or the competent authority, as the case may be, within thirty days after obtaining the completion certificate.
Possession by the Purchaser. After obtaining the occupancy certificate* and handing over physical possession of the [Apartment] to the Purchaser, it shall be the responsibility of the Vendor to handover the necessary documents and plan, including common areas to the Association of Purchasers or the competent authority, as the case may be, as per the local laws: [Provided that, in the absence of any local law, the Vendor shall handover the necessary documents and plans, including common areas, to the Association of Purchasers or the competent authority, as the case may be, within thirty days after obtaining the completion certificate].
Possession by the Purchaser. After obtaining the occupancy certificate or such other certificate by whatever name called issued by the competent authority, and handing over physical possession of the Apartment to the Purchaser and on handing over of Common Areas to the association of Purchasers, it shall be the responsibility of the Developer to hand over the necessary documents and plans, including Common Areas, to the association of Purchasers or the competent authority, as the case may be, as per the local laws, :
Possession by the Purchaser s – After obtaining the occupancy / completion certificate and handing over physical possession of all the apartments to the Purchaser/s, it shall be the responsibility of the Vendors to hand over the necessary documents and plans, including common areas to the association of the Purchaser/s.
Possession by the Purchaser. After obtaining the occupancy certificate and/or completion certificate and handing over physical possession of the Schedule B Property to the Purchaser, it shall be the responsibility of the Developer to hand over the necessary documents and plans, including common areas, to the association of the Purchaser or the competent authority, as the case may be, as per the local laws.
Possession by the Purchaser. After obtaining the occupancy certificate* and handing over physical possession of the Apartment to the Purchaser , it shall be the responsibility of the Concrete India to handover the necessary documents and plan, including common areas to the Association of Purchasers or the competent authority, as the case may be, as per the local laws: [Provided that, in the absence of any local law, the Concrete India shall handover the necessary documents and plans, including common areas, to the Association of Purchasers vor the competent authority, as the case may be, within thirty days after obtaining the completion certificate].