Is there any provision of commitment letter for project completion in law? What's the section? If planning to get the commitment letter/said paper then may i get the template? What are provision of preparing such an agreement and getting it notary? This is for getting the builder into few commitments such as follows despite having sale agreement, deed or construction agreement etc. 1.Date of Completion of project and handing over 2.Providing the NOC for different stuff on date:// 3. Providing separate meter and respective car parking. 4. 1 year maintenance by builder to provide. Any thought how this type of letter help more than any other letters. 5.
First answer received in 10 minutes.
Lawyers are available now to answer your questions.
1) there is no specific template
2) simple letter from builder that he would deliver possession by specific date and allot car parking slot etc is sufficient
3) it should provide that in case he fails to deliver possession he would pay interest at X rate
4) not necessary to have it notarised
You answers are nowhere satisfactory. The point you have mentioned is known to me from 10th std. and you must have seen Dewaar where self declaration was shown in Amitabh's hand. Another example, person submitted declaration to board committee to declare unpassed till he score 96%..and it was obeyed. I would like to rephrase again: Under which act of law, section this type of commitment can be handle very well and which authority notary, registration will help immediately for court order if the commitment not obeyed. Templates are available for every mutual agreement and so the cases are but looks like you are running out of thoughts. Personal attack on this is done considering the fact that 400/- not paid to listen such a stupid answer. Hope it make sense and you will reply with better information. Ofcourse 400/- is not too much but that's what you have also valued your advice for. so please respect your decision else charge it 1000 or more if you want to answer to only those questions type.
1) ownership of flats act requires a builder to execute an agreement for sale containing inter-alia the terms as prescribed therein with its purchasers upon receipt of consideration as stated therein with respect to the apartment agreed to be sold by the builder.
2) the agreement should Specify in writing the date by which possession of the flat would be handed over the precise nature of organization of flat purchasers to be formed to which the title would be conveyed, e.g., company, co-operative society
3)builder Cannot give possession until a Completion Certificate is received from the Municipal Corporation.
4) he Promoter is responsible for paying all outgoings including taxes in respect of the flats until he transfers the property to the flat owners/ society / company, etc.
5)Once the approved plans and specifications are disclosed to the flat purchasers, the promoter cannot without the purchasers’ previous consent make any alterations or additions in the structures of the flats.
6) in the event builder fails to honour its commitment you can move civil court or consumer forum against the builder and seek orders to direct builder to hand over possession within stipulated period
section 4 of karntaka ownership of flats act .
Promoter before accepting advance payment or deposit to enter intoagreement and agreement to be registered.- Notwithstanding anything
contained in any other law a promoter who intends to construct or constructs a
block or building of flats, all or some of which are to be taken or are taken on
ownership basis, shall, before he accepts any sum of money as advance
payment or deposit, which shall not be more than twenty per cent of the sale
price, enter into a written agreement for sale with each of such persons who are
to take or have taken such flats, and the agreement shall be registered under the
Registration Act, 1908 and such agreement shall contain the prescribed
particulars; and to such agreement there shall be attached such documents or
copies thereof, in respect of such matters, as may be prescribed.
2) under section 6 .it is promoter Responsibility for payment of outgoings till property is transferred.-
3) section 8 provides promoter shall give possession in accordance with the terms of his
agreement of a flat duly completed by the date specified, or any further
date or dates agreed to by the parties;he shall Refund of amount paid with interest for failure to give possession within specified time or further time allowed.-
4) under section 11 . Promoter is bound to convey title, etc., and execute documents, according to
agreement.-
5) agreement for sale/ sale deed entered into by the builder would mention the completion date of project , consideration to be paid , allotment of car parking slot , electricity meter
1. No, there is no such section. When there is no such section or provision of law then it is naive on your part to persist in asking us for it. Show some mature behaviour.
2. The contractual liability arises from the agreement which is enforceable in a court of law through a suit for specific performance, a fact which you claim is known to you from 10th standard.
What are provision of preparing such an agreement and getting it notary?
This is for getting the builder into few commitments such as follows despite having sale agreement, deed or construction agreement etc.
The sale agreement shall be inclusive of certain condition which are reasonable and justified.
I am afraid the builder will agree to your other three conditions except for the first one.
There is no template for this, you may consult a local advocate and proceed as per his further advise.
You may enter into a registered agreement with the conditions as per your desire provided the builder agrees to the condition you may impose.
This shall be covered under law of contract.
The further comments by you are derogatory and if you dont mind your language then it will be your problem.