b. The seller keeps a separate account for the amounts received by the seller from the purchasers of the apartments as pre-financing or security, received due to legal costs and the execution of other documents necessary for the execution, and uses the sums only for the purposes for which they were received and after transfer of the property in question. balances are paid by sellers and transferred to lump sum buyers. 12. Part No 1 also implemented a general power in respect of that dwelling in order to conclude the sale, in its favour or in favour of its candidate, after the registration of the deed of transfer of the apartment in question. 15. If, before the completion of the transfer of the building, the building, including the dwelling, is notified by the Government for the acquisition or requirement in accordance with the Acquisition Act or any other law currently in force, the Buyer is not entitled to terminate such contract and, in the event of the acquisition of the Building, including the said Dwelling, the Buyer is entitled to a proportionate part of the compensation, if it is granted by the Government or by another authority. If the dwelling in question is requisitioned by the government or another authority, the buyer is entitled to the compensation granted by the claims authority for the dwelling. 14. That Party No. 1 accepts that this contract of sale remains irrevocable and that Party No. 1 does not revoke or terminate it in any future. AND CONSIDERING that Party No.
1 admits that the mentioned amount of Rs.——————, if the total and final payment in respect of the property in question. Part 1 has declared in Part 2 that the dwelling in question is self-acquired dwelling of Part 1, in which its heirs, successors, family members or other persons have no rights, title, interests or concerns of any kind and, as such a party, is fully entitled to conclude this contract and to transfer all rights in favour of Part 2 to the conditions agreed between the parties and are as follows: – This contract of sale is called ——— on this —————— between ——————————, hereinafter Part No. 1. AND Sh ——————————-, party No. 2 below. The expression of Party Nos. 1 and 2, wherever they are in the main part of this Agreement, means and includes their respective heirs, legal representatives, successors, administrators, executors and assigns. While Party No.
1 is the bonafide allottee/owner of a property with the number——————————— of its needs and requirements bonafide agreed to sell the above-mentioned apartment for a sum of Rs.————————— – and Party No. 2 agreed to buy the apartment in question from part No. 1. 11. That Party No. 1 admits that it has no right, title, interest or concern of any kind in the above-mentioned dwelling. 13. That Party 2 does not have to take any further action after receipt of the entire counter-sale of paragraph ———— of Part 2 and after Party 2 has paid/deposited the full balance, with the exception of that part if it is transferred by Part 1, since Party 2 is entitled either to have the act of transfer enforced by Party 1 or if it is authorized at a given time and within a limitation period, the transaction is not applicable.
8. The buyer must deposit with the seller or before the handover of the property of said apartment an amount of Rs. .
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