Strict standards or format are not a mandatory requirement for a letter establishing a contract between the parties, although a formal agreement that includes home buyers` claim under a MOFA is required by law. [8] [(a-1) `apartment` means a separate and self-contained set of premises used or intended to be used for residential or office spaces, exhibition halls, commercial spaces or downhill spaces [9] [or for the exercise of an industry or business] (and includes a garage), premises which are part of a building [10] [and include an apartment]. (i) not allow persons to take possession until a certificate of completion, if such a certificate is to be presented under a law, has been duly issued by the local authority (and no one may take possession of an apartment until such certificate of completion has been duly issued by the local authority); “A separate, stand-alone site that is to be or is to be used as a residence, office, showroom, business, downspout, operation of an industry or business, including a garage, and the premises are part of a building.” The term apartment also includes an apartment. The explanation of the definition provides that even if a separate arrangement of bathing, washing, hygiene, etc. is made between two or more premises, they are considered separate and autonomous. Any Promoter guilty of violating Article 3 (General Liability), Article 4 (Registration of the Agreement), Article 5 (Maintenance of separate accounts for deposits), Article 10 (Formation of a Company or Company) or Article 11 (Transfer of Ownership) shall be punished by imprisonment for up to 3 years and/or a fine on conviction. (c) [11] [`organiser`: a person and includes a partnership or a partnership or association of persons, whether registered or not], who erects or causes to be constructed a block or building of dwellings [12] [or apartments] for the purpose of selling some or all of them to other persons or to a partnership, cooperative or association of persons; and includes its agents; and if the person building and the person selling are different people, the term includes both; [17] [(1)]Notwithstanding what is contained in any other law, an organizer who intends to construct or construct a block or apartment building, all or part of which must be taken back or taken on a real estate basis, before accepting a sum of money as an advance payment or deposit, which may not exceed 20 per cent. the sale price with each of those persons who take or have taken such apartments to enter into a written agreement of sale, and the agreement is registered in accordance with [18] [the Registration Act, 1908 (hereinafter referred to in this section as the “Registration Act”)] [19] [and this Agreement shall be in the prescribed form.] (b) for reasons beyond its control and those of its representatives, the Organizer is unable to take possession of the apartment on the agreed date or date and within three months or an additional period of three months if such reasons still exist, then in this case, the Organizer will be liable on request (without prejudice to other remedies: for which it may be held responsible) for the reimbursement of the sums it has already received in respect of the apartment (with a simple interest of nine percent. B. per year from the date on which he received the amounts until the day on which the amounts and interest are repaid), and the amounts and interest are a charge for the land and the construction, if any, in which the dwelling is or should be built, up to the amount due, but subject to any previous charge. [20] [1A. The agreement to be required pursuant to paragraph 1 shall contain, inter alia, the information referred to in point (a); and this Agreement shall be accompanied by copies of the documents referred to in subparagraph (b); – If the developer can charge for the common areas and facilities separately from the carpet area of the apartment. .
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