Insurance (1) The Association-(a) shall have, if requested so to do by a mortgageehaving a first mortgage covering an apartment, theauthority to, and(b) shall, if required so to do by the bye-laws or by amajority of the apartment owners,obtain insurance for the property against loss or damage by fire orother hazards under such terms and […]
Association of Apartment Owners and bye-laws relating thereto (1) There shall be an Association of apartmentowners for the administration of the affairs in relation to theapartments and the property appertaining thereto and for themanagement of common areas and facilities:Provided that where any area has been demarcated for theconstruction of several buildings, whether such area is
Registration of Deed of Apartment (1) Every Deed of Apartment and every endorsement thereon relating to thetransfer of the apartment shall be deemed to be a document whichis compulsorily registrable under the Registration Act, 1908(Central Act No. 16 of 1908) and shall be registered with theRegistering Officer accordingly, and the words and expressionsused in this
Contents of Deed of Apartment (1) Whenever anyallotment, sale or other transfer of any apartment is made by thepromoter to the allottee or transferee, the promoter shall,-(a) in the case of an allotment, sale or other transfermade after the commencement of this Act, withinsix months from the date of such allotment, sale orother transfer; or(b)
Obligation of promoters (1) Every promoter shallsubmit a declaration to the Competent Authority in respect ofevery building constructed after the commencement of this Act insuch form, within such period and in such manner as may beprescribed specifying the following particulars, namely:-(a) description of the land on which the building andimprovements are, or are to be
Encumbrances against apartments. – (1) The owner of each apartment may create any encumbrance, only against the apartment owned by him and the percentage of the undivided interest in the common areas and facilities appurtenant to suchapartment in the same manner and to the same extent as may becreated in relation to any other separate
Certain works prohibited No apartment owner shalldo any work which would be prejudicial to the soundness or safety of the property or reduce the value thereof or impair any easement or hereditament nor shall any apartment owner add any materialstructure or excavate any additional basement or cellar withoutfirst obtaining the consent of all the other
Execution of sub-lease or/and terms and conditions of sub-lease (1) Where any land is given on lease or ground rent bya person includes firm, company, any local body, Trust,Corporation, Development Authority etc. (hereafter in this sectionreferred to as the lessor) to another person (hereafter in this sectionreferred to as the lessee, which term shall include
Compliance with the covenants and bye-laws Each apartment owner shall comply strictly with the bye-laws and with the covenants, conditions and restrictions set forth in the Deed of Apartment, and failure to comply with any of them shall be a ground for action to recover sums due for damages, or for injunctive relief, or both,
Ownership of apartment subject to conditions – (1) Where any allotment, sale or otherwise transfer of any apartmenthas been made, whether before or after the commencement of thisAct, in pursuance of any promise of payment, or part payment, ofthe consideration thereof, the allottee or transferee, as the case maybe, shall not become entitled to the