Clauses in a Mofa Agreement-Arun1
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CLAUSES IN A MOFA AGREEMENT-Maharashtra 1. Recital 2. N.A. permission 3. Certificate of title 4. Development plan sanction 5. Building plan sanction 6. Modification and amendment of plan 7. Consent of the purchaser for modification of plan 8. Inspection of title documents 9. Inspection of sanctioned plan 10. Declaration about title 11. No further requisition made by the purchaser 12. Development and construction 13. Observance of town/municipal laws 14. Description of the flat 15. Carpet area 16. Car parking space 17. Common area 18. Terrace space 19. Consideration 20. No further increase or discount in price 21. Payment schedule 22. Time is essence 23. Occupation 24. Possession 25. No change of user 26. Force majeure 27. Consumption of FSI/TDR
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Transcript of Clauses in a Mofa Agreement-Arun1
CLAUSES IN A MOFA AGREEMENT-Maharashtra
1. Recital
2. N.A. permission
3. Certificate of title
4. Development plan sanction
5. Building plan sanction
6. Modification and amendment of plan
7. Consent of the purchaser for modification of plan
8. Inspection of title documents
9. Inspection of sanctioned plan
10. Declaration about title
11. No further requisition made by the purchaser
12. Development and construction
13. Observance of town/municipal laws
14. Description of the flat
15. Carpet area
16. Car parking space
17. Common area
18. Terrace space
19. Consideration
20. No further increase or discount in price
21. Payment schedule
22. Time is essence
23. Occupation
24. Possession
25. No change of user
26. Force majeure
27. Consumption of FSI/TDR
28. Delay in delivery
29. Interest for late payment
30. Termination of agreement
31. Covenants of the purchaser
32. Covenants of the promoter
33. Formation of the society
34. Rules and regulations of the society
35. Name of the project
36. Facility management
37. Transfer and assignment
38. Covenant to execute further documents
39. Taxes and out goings
40. VAT & SERICE TAX
41. Specific performance
42. Interpretation
43. Defect liability
44. Dispute resolution
45. Indemnity
46. Legal and other charges
47. Club house
48. Easements and licenses
49. Checking of fittings and fixtures
50. Project loan
51. Approved Project finance
52. Final conveyance
53. Notice
54. Amendment
55. Waiver
56. Entire agreement
57. Severability
58. Jurisdiction
59. Governing law
60. Read and understood
Prepared by:
M.ARUNPRAKAASH.B.S.C. B.L.MBA.,
Advocate High Court, Bombay
9833843250
