Agreement Review Observations

Summary

The Agreement to Sell involves a property in Gurugram, Haryana, with a sale consideration of Rs. 1,97,00,000. Key points include the vendors warranty of no encumbrances, additional charges for power backup, and a payment plan with potential forfeiture of earnest money for non-payment. The conveyance deed is to be executed within 15 days post-completion certificate, with possession handed over within 30 days of sale deed registration. The vendee is responsible for taxes and maintenance agreements.

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Please specify the particular clauses or points you need further clarification on, or any specific concerns you have regarding the agreement.
Point * to *
Here are the details from points * to * in the Agreement to Sell:
*. Roof Rights: Vendee entitled to exclusive use of half/entire roof area over the fourth floor, without construction rights.
*. Additional Charges:
- ₹*,*,* for * KVA power backup.
- No additional charges for car parking or preferential location.
*. Specifications: Vendor to develop the Floor as per specifications in Annexure B, with minor alterations allowed.
*. Payment Plan: Vendee must pay balance as per Annexure C. Delay may lead to termination and forfeiture of earnest money (*% of sale consideration).
*. Earnest Money: *% of total sale consideration; forfeited in case of payment default.
*. Conveyance/Sale Deed: To be executed and registered within 15 days after obtaining completion certificate and full payment.
*. Possession: To be handed over within 30 days of sale deed registration.
*. Registration Costs: Vendee to bear all costs, including stamp duty and registration fees.
*. Maintenance: Vendee to enter maintenance agreements with internal and external agencies. No charges for internal maintenance for one year from possession.
*. Taxes & Charges: Vendee to pay property tax and mutation charges from the agreement date.
Would you like further details on any specific point within these clauses?
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Case Rating: *
The possession clause (point *) indicates that the possession of the property will be handed over within 30 days from the date of execution and registration of the sale deed. If you have concerns or need further details about this clause, please specify.