英文版房屋预售合同

Pre-SaleAgreement:AVICCOASTLANDDEV.(T)LTD.,onAVICTOWNPROJECT,ZONE01,Somangila,PhaseI–Kigamboni,TemekeMunicipality,DSM.

/15

PRE–SALEAGREEMENT

BETWEEN

AVICCOASTLANDDEVELOPMENT(T)LIMITEDofP.O.Box11600,DaresSalaam,Tanzania

(Developer/Vendor)

AND

M/s.______________________________

(Purchaser)

InRespectof

AProperty(UNIT)knownasHOUSENO.____ofZONE-01(RegisteredUnitPlan№___________________)of

Plot№265,BlockA,AmaniGomvu,MinondoSomangila,KigamboniArea,TemekeMunicipality,DaresSalaam,Tanzania

PreparedBy:

BraveHillAttorneys,

106/27-AliHassanMwinyiRoad,

SuitNo.203,2ndFloor,

Ex-NEDCOBuilding,s

Upanga,IlalaMunicipality,

P.O.Box8566,

DaresSalaam-Tanzania.

THISPRE-SALEAGREEMENTismadeonthis………dayof….…2015

BETWEEN:

AVICCOASTLANDDEVELOPMENT(T)LIMITED,alegalpersonincorporatedandexistingunderthelawsoftheUnitedRepublicofTanzania(Cap.212oftheLaws)whoseregisteredofficeisatAVICINTLIntlApartmentsSeaView,PlotNo.____,SeaView,UpangaArea,IlalaMunicipality,P.O.Box____,DaresSalaam,Tanzania(hereinaftercalledthe“Vendor”whichexpressionshall,wherethecontextsorequires,includetheVendor'spersonalrepresentatives,heirs,liquidatorsandpermittedassignees)ononepart;

AND

Mr./Mrs./Miss./Dr./Prof/Ms.………..,aTanzanianCitizen/Non-CitizenofTanzaniawhoforthepurposeshereofandformattersofcommunicationhis/heraddressshallbeP.O.Box_____,Daressalaam,Tanzania(hereinaftercalledthe“Purchaser”whichexpressionshall,wherethecontextsorequires,includethePurchaser'spersonalrepresentatives,heirsandpermittedassignees)insecondpart;boththeVendorandthePurchasertobejointlyreferredtoas“Parties”.

RECITALS:

WHEREASTheVendoristheDeveloperofthePropertyknownasPlotNo.265,BlockA,comprisingofTWELVE(12)MainAreasindicatedunderregisteredMAINUNITPLANNo.10referredtoas“ZONES”withinwhichregisteredZONE–01UNITPLANconsistof160UNITSregisteredasUNITPLAN№NUMBER10/1withtheRegistrarofTitles-MinistryofLands,HousingandHumanSettlementsDevelopmentandHumanSettlementDevelopmentatDaresSalaam–Tanzania,includesUNIT/HouseNumber_____locatedatAmaniGomvu,MinondoSomangila,KigamboniArea,TemekeMunicipality,DaresSalaam,Tanzania(hereintobereferredtoasa“Unit/Property”);

WHEREASThePurchaserAcceptedtheOFFERLETTERwithReferenceNo._______________________fromtheVendordated………..dayof_____________201__andhavingsatisfiedallTermsandConditionsoftheOfferattheVendor’sverificationandchosenapaymentmodalityinamannerasdescribedhereinbelow,isnowdesirousofpurchasingthePropertythathasbeenidentifiedandselectedbyhimself/herselfwiththeabovereferenceatthePurchasePriceandonthetermsandconditionssetouthereinbelow.

WHEREAStheVendoriswilling,ableandreadytocompletethePropertysoselectedandthereforesellthesametothePurchaserinaccordancewiththetermsandconditionssetforthherein;

THEREFORE,ITISHEREBYAGREEDBYBOTHPARTIESTHAT:

INTERPRETATION:

InthisAgreementunlessinconsistentwithorotherwiseindicatedbythecontextthefollowingwordsandexpressionsshallhavethemeaningsassignedtothemhereunder:

“"Act”" meanstheUnitTitleAct2008oranyAmendmentstheretoandincludestheRegulationspromulgatedthereunder,fromtimetotime;

“Agreement” shallmeanthisPre-SaleAgreementandshallincludeanyannexures,addenda,schedulesorappendiceshereto;

“Association” meanstheAVICTownZONE01HomeownersAssociationasincorporatedundertheAct;

“CertificateofUnitTitle” meanscertificateissuedunderRegulation6oftheUnitTitlesRegulations,2009oranyAmendmentsthereto;

“CommonProperty

/Area” meansanyportion(s)oftheUnitPropertyotherthantheindividualUnit/HouseincludingallgeneralandrestrictedusecommonpropertiesasdescribedmorefullyintheUnitPlan;

“Constitution” meansAVICTownZONE01HomeownersAssociation’sConstitutionimposedintermsoftheAct,subjecttoanyamendmentspermittedintermsoftheActasperAnnexure“D”tothisAgreement;

“Co-owner” meanstheperson,firm,Association,corporation,partnership,association,trustorotherlegalentityoranycombinationofsuchentitieswhoorwhichownaUnit/orUnitsintheUnitPropertyandthetermCo-owner(s)whereverusedissynonymouswiththetermOwner(s);

“Developer” meanstheVendorasengagedinthebusinessofdevelopingaUnitPropertyasprovidedforintheAct;

“"FinancialMonthly meansanyamountdeterminedbytheAssociation,fromtimetotimein

Contribution”" accordancewiththeConstitutionandtheBy-LawsbothofAVICTownZONE01HomeownersAssociation;

“"Land”" meanspartofPlotNo.265,BlockA,AmaniGomvu,MinondoSomangila,KigamboniArea,TemekeMunicipality,DaresSalaam,TanzaniawhichhasbeenidentifiedasZONE01intheRegisteredMAINUNITPLANNo.10;

“MainUnitPlan” referstotheregisteredmasterplan(MAINmainUNITPLANNo.10)ofdevelopmentofPlotNo.265,BlockA,AmaniGomvu,MinondoSomangila,KigamboniArea,TemekeMunicipality,DaresSalaam,Tanzania,asdescribedunderCertificateofTitleNumber120678nowdesignedanddemarcatedintoTWELVE(12)separateareasknownasZONEStosuittherequirementsofUnitTitlesundertheAct;

“"OccupationDate”" meansthedateofhandoveroftheUnitbytheVendortothePurchaser;

““OfferLetter/Offer”” meanstheOfferLettertoselltheUNITissuedbytheVendorandacceptedbythePurchaserindicatingallfundamentalTermsandConditionstobeprecededbythisAgreement;

“UnitCompletion

Date” meansthedateoffinalcompletionoftheUnitwhichissetandagreedtobeon___________________;

“"Property”" meanstheUNITinthecontextascribedhereunderbythisAgreement.;

"“Properties”" meanstheUnits/HousesandallimprovementstobeerectedonregisteredUnitPlanNo.10/1forZONE01inPlotNo.265,BlockA,AmaniGomvu,MinondoSomangilaWard,KigamboniArea,TemekeMunicipality,DaresSalaam,Tanzania;

“Regulations” referstoallfutureRulesandProcedurestobemadeandadoptedbytheAssociationinthefutureinrunningdaytodayoperationsrelatedtothewelfareofZONE-01CommunityasshallalwaysremainlawfulandinlinewiththeAct.;

“"Restricted

CommonArea”" meansthosecommonareas(e.g.Roads,MainGates,WaterTowergivingaccesstotheroads,WaterSourceandopenSpaces)thatarereservedfortheexclusiveuseofaCo-ownersandotherUnitOwnersfromneighbouring/adjourningUnitPlans(Zones)withinthePropertyoranyotherpersonsoallowedbytheManagementCommitteeofaspecificUnitorUnitsasdescribedmorefullyintheUnitPlan.;

“"Rules”" meansAVICTownZONE01HomeownersAssociation’sBy-Laws，,imposedintermsoftheAct,subjecttoanyamendmentspermittedintermsoftheActasperAnnexure“E”tothisAgreement;

“UnitProperty” meansthelanddescribedintheUnitPlanwithitsboundariesasthesamemaybeamendedtogetherwithallstructures,improvements,easements,rightsandappurtenanceslocatedon/orbelongingtoZONE-01Area;

“Unit” meansaHouse/Buildinganditssurroundinglandindicatedbyboundaries,whichisaportionoftheUnitPropertythatisdesignedandintendedforexclusiveandseparateownership/usebythePurchaser,asdescribedintheUnitPlan;

“UnitPlan” meansthedocumenttogetherwiththeexhibitsattachedtoitandallamendmentsthatmaybeadoptedinthefuture,bywhichtheUnitandUnitPropertyisbeingsubmittedandregisteredforUnitownershipundertheActasperAnnexure“A”tothisAgreement.

InthisAgreement:

Unlessthecontextclearlyindicatesotherwise,wordsimportingthesingularshallincludetheplural,wordsimportingthemasculine,feminineorneutershallincludetheothersorsuchgenders,andwordsimportingpersonsshallincludecorporatebodiescorporate,andviceversaineachinstance.

Expressionswithreferencetowritingshallbeconstruedasincludingreferencetoprinting,lithography,photographyandothermodesofrepresentingorreproducingwordsinvisibleform;.

Wherefiguresarereferredtoinwordsandinnumerals,ifthereisanyconflictbetweenthetwo,thewordsshallprevail;.

Ifanyprovisioninadefinitionisasubstantiveprovisionconferringrightsorimposingobligationsonanyperson,then,notwithstandingthatitisonlyintheinterpretationInterpretationClauseofthisAgreement,effectshallbegiventoitasifitwereasubstantiveprovisioninthebodyofthisAgreement.

TheAnnexurestothisAgreementaredeemedtobeincorporatedinandformpartofthisAgreement.

SALEANDPURCHASEPRICE:

UponandsubjecttothetermsandconditionsofthisAgreementwhichincorporatestheOfferLetterthereto,theVendorherebysellstothePurchaserandthePurchaserpurchasestheUnit/HouseforthePriceofUnitedStatesDollars(US$.)(USD+18%VAT)ORitsequivalentinTanzaniaShillingsattheVendor’sreceivingBankRatesonthedateofpaymentasindicatedunderClause3.2hereunderthisPre-SaleAgreement,(hereinaftertobereferredtoas“PurchasePrice”).Tobemoreprecise,thePurchasePricefortheUNIT/HouseshalldependonthePaymentModalitytobechosenbythePurchaserunderClause4andasshallbeindicatedintheACCEPTANCEFormtotheOfferLetterbythePurchaser.

ForavoidanceofdoubtandsubjecttothePaymentModality,thePurchasePriceshallbecalculatedasfollows:

PurchasePriceforOneTimePaymentModality

UnitPriceUS$.________________+18%VATUS$.________________

=TotalPurchasePriceUS$.____________________;OR

US$.____________+VATforOneTimePaymentModality;OR

PurchasePriceforInstalmentPaymentModality

UnitPriceUS$.________________+18%VATUS$.________________

=TotalPurchasePriceUS$.____________________;OR

US$.____________+VATforInstallmentPaymentModality;OR

PurchasePriceforMortgageFinancePaymentModality

UnitPriceUS$.________________+18%VATUS$.________________

=TotalPurchasePriceUS$.____________________.

US$.____________+VATforMortgageFinancePaymentModality.

TheVendorhereinacknowledgesthatthePurchaserhasalreadypaid……%UnitedStatesDollars_____________________________________________(US$._________)ORitsequivalentinTanzaniaShillingsasDownPaymentofthePurchasePriceandhasoptedforclause______aspaymentmodalityhereunderbyexecutingthisAgreement.

ThePropertyissoldfreefromallregisteredencumbrancesbutissoldsubjecttoallotherrightsandintereststowhichthePropertyissubjectinlaw,asexpresslystatedintheRegisterofUnitsandasstatedinandprovidedforundertheCertificateofUnitTitleinrespectoftheProperty.

PAYMENTMODALITY:

ThePurchaserhasarightbeforetheUnitCompletionDatetochangethemodalityofpaymentfromtheoneabovetoseveralotheroptionsprovidedbytheVendoraslistedhereunderonDefaultClausesubjecttopaymentofadministrationchargeprovidedforineachrespectivepaymentmodality.

InthisAgreement,subjecttoprovisionsoftheConditionsoftheOfferLetter(asperClause5oftheOfferLetter),thePurchaserisprovidedwithseveralpaymentoptionsbytheVendorasprovidedhereunder:

PaymentofthePurchasePriceinfullwhichwillgivethePurchaserSIXTY(60)calendardaysgraceperiodtocompletethepaymenttogetherwithprovidingaPersonalGuaranteetotheVendorofthesaidremainingbalancefromthedateofexecutionofthisPre-SaleAgreement;OR

PaymentbyInstalmentstobemadefromthedateofexecutionofthisPre-SaleAgreementtotheZONE01ProjectUnitCompletionDate;ProvidedthatanotherpaymentofnotlessthanFIVEPerCent(5%)ofthePurchasePriceismadewithinTHIRTYONE(31)calendardaysfromthedateofexecutionofthePre-SaleAgreementandanotherpaymentofnotlessthan___________THIRTYPerCent(____30%)ofthePurchasePricemustbemadewithin………………______________calendardaysfromthedateofpaymentoftheFIVEPerCent(5%)ofthePurchasePricestatedherein;OR

PaymentofthePurchasePrice(theremainingunpaidpartofthePurchasePrice)viaMortgageFinancingtobearrangedbythePurchaserandagreedbybothPartiespriortoexecutionofthisPre-SaleeAgreementandmadefromtheFinancialInstitutionsacceptedbytheVendorasperAnnexure“C”tothisPre-SaleAgreement.Onthismodality,thePurchasermustsubmittotheVendora‘LetterofApproval’’fromtheFinancialInstitutionwhichagreedtoprovidethemortgagewithinSIXTY(60)calendardaysfromthedateofexecutionofthePre-SaleAgreement.That,afteraLetterofApproval,thePurchasershallwithinNINETY(90)calendardaysfromthedateofexecutionofthePre-SaleAgreement………………..calendardayssubmittotheVendoraPaymentGuaranteedrawninfavouroftheVendorforthemortgagedamount.

4.3AllpaymentmodalitieshighlightedhereinaboveshallbemadepayabletotheVendorthroughtheVendor’sBankAccountsprovidedunderAnnexure“B”tothisPre-saleAgreementandnototherwise.

ThePpurchasePriceshallbepaidinUnitedStatesUSDollarsoritsequivalentintoTanzaniaShillingsCurrencyundertheexchangerateofthereceivingbankBankonthedateofpayment(whichamountisinclusiveofVAT).

OCCUPATION/POSSESSION:

PossessionandOccupationshallbegiventothePurchaserwhoshallbeobligedtotakethesameontheOccupationDatesubjecttotheVendorbeingsatisfiedthatthePurchaserhasfulfilledallofhis/herfinancialobligationsandarrangementsarisingfromthisAgreement.

TheVendorundertakestoperformherhisobligationanddeliverthePropertyontimeandthat,duringtheexistenceofthiscontractualrelationship,willholdthePurchaserharmlessandindemnifiedagainstanylossordamagesthatwilloccurasthedirectresultoftheVendor’sacts/omissionsinconnectiontothisAgreement.

TheVendorwarrantsthePurchaserthatimmediatelyafterexecutionofthisAgreement,theHouse/UNITsoldwillbedeliveredtothePurchasertimelyontheUnitCompletionDatewhichissetandagreedtobeon_____________,ProvidedalwaysthatthePurchaser:

hasfulfilledhis/herobligationtopaythePurchasePriceinfull;OR

hascompletedSIXTYPerCent(60%)ormoreofthePurchasePriceandprovidestotheVendoranirrevocableandunconditionalBankGuaranteecoveringallsubsequentinstalmentsinfavouroftheVendorfromtheFinancialInstitutionsacceptedbytheVendorwhichvaluemusttallywithorbegreaterthantheOutstandingoutstandingbalanceofthePurchasePriceremainunpaidatontheOccupationDate;OR

submitstotheVendoraPaymentGuaranteeforthemortgagedamountfromtheMortgageDeedenteredbetweenthePurchaseranditsBank(asperAnnexure“C”herein)drawninfavouroftheVendorfortheoutstandingbalanceofthePurchasePrice.

AcertificateissuedbyanArchitectoraLocalAuthoritytotheeffectthattheUnitissuitableforbeneficialoccupationisbindinguponthepartiesPartiesandwhenissuingsuchcertificatetheArchitectortheLocalAuthorityshallbedeemedtohaveactedasanexpert.

TheUNIT/HouseofferedshallbeSemi-furnishedwithallSanitary-Wares,KitchenAppliances,paints,tilesandlightsandshallbeastothestandardsselectedbytheVendorasperAnnexure“G”.

TheVendorshallnotberesponsibleforanyloss,damageorinconveniencesufferedbythePurchaserbyreasonofanybuildingoperationswhichmaybeconductedinrespectofthedevelopment(theUNIT)THREE(03)calendarMonthsmonthsaftertheOccupationDate.ThisliabilityexcludeslossesanddamagesofallelectricalequipmentsorthatmightbearesultofelectricalfaultswhichthePurchasermustbefullresponsibleandisatlibertytoinsurethePropertyagainstsuchlosses.

FromtheOccupationDatethePurchasershall:

KeeptheUnitingoodrepairandshallnotstoreorharbourorallowtobestoredorharbouredinorabouttheUnitand/orRestrictedCommonArea,CommonArea,and/ortheLandand/orbytheBuildinganyarticles,goodsormaterialswhichmayvitiateanyfireorotherinsurancepolicyheldbytheVendor(ifany)orincreasethepremiumspayableinrespectofsuchpolicy;

BeresponsibleforallcostsofelectricityandwaterintheunitUnitasshallbeprovidedbyrespectivecompanies.;

Beresponsibleforallcostsofsecurityforcommonareas,garbagecollectionforcommonareasandmaintenanceofpublicfacilitiesasshallbeprovidedinManagementServiceAgreementwhichmustbesignedonorbeforeOccupationDate.;

SaveinsofarasmaybeinconsistentwiththeprovisionsofthisAgreement,beresponsibleforallotherobligationsofanOwnerassetoutintheAct;andAnd

ComplywithallRules,RegulationsandBy-LawsapplicabletotheProperty.

FINANCIALMONTHLYCONTRIBUTION:

FromandincludingtheOccupationDateasaforesaid,thePurchasershallbeliabletopaytheAssociationaFinancialMonthlyContributionandothercontributionsasrequiredundertheActbeingaproportionateshareofthetotalcostrequiredformanaging,operation,administering,insuringandmaintainingtheLand,CommonProperty,RestrictedCommonAreaandgeneralutilitybillsforcommonareas.SuchFinancialMonthlyContributionsshallbepaidhalfannuallyinadvanceonthefirstcalendardayofeachandeverysixcalendarmonthsperiodtotheManagementCommitteeoftheAssociation/AppointedServiceProvider.

TheManagementCommitteeoftheAssociationreservestherightsofamendingpaymentmodalityoffinancialFinancialmonthlyMonthlycontributionContributionfromtimetotime.

RISK:

FromOccupationDateandimmediatelyafterexpiryofthethreeThree(03)calendarmonthsObservationperiodasperClause5.6hereinabove,allrisksandbenefitsofthePropertyshallpassfromtheVendor/DevelopertothePurchaser.

REGISTRATIONOFTRANSFER:

TransferandregistrationofthePropertyinfavourofthePurchasershallbeaffectedandcompletedbytheVendorthroughitsAttorneys.IntheeventthePurchaseroptstocompleteregistrationprocessbyhimself/herself,alldocumentsnecessaryfortransferandregistrationshallbeavailedandhandedovertohim/her(thePurchaser)uponcompletionofpaymentofthePurchasePriceorsubjecttofulfilmentofconditionssetforthunderClauses4.32hereinabove.ForPurchaserswhooptsforMortgagepurchaseFinancePayment,thetransferandregistrationwillbedonebytheVendor’sAttorneyortheBankthatextendedthefinanceandexecutedtheMortgageDeedwiththePurchaser,asthecasemaybe.

StampDuty,RegistrationFeesandApprovalFeespayableonthetransferandregistrationoftheUnitshallbetotheaccountofthePurchaser.ThePurchaserhereinagreesthatforpurposesoffacilitatingtheprocess,thePurchasershalldeposittotheVendoranamountasshallberequiredbytheVendorforthepurposeofStampDuty,RegistrationFeesandApprovalFeesforthetransferandregistrationprocess,andincasethereisanyremainingbalance,thesameshallbereimbursedtothePurchaserbytheVendoronorbeforehanding-overoftheOriginalUnitTitleforthePropertytothePurchaser.Foravoidanceofdoubt,theStampDuty,RegistrationFeesandApprovalFeesonthetTransferandregistrationoftheUnitshallbeinaccordancewiththelaw.

ThePurchasershallaccepttransferoftheUnitsubjecttoallconditionsandservitudesbenefitingorburdeningtheUnitandtheLandunderUnitPlanandneighbouringUnitPlanswhetherexistingorhereafterimposedbyanycompetentAuthorityand/orimposedbytheVendorforfuturedevelopmentoftheUnitand/orLandinaccordancewiththeregisteredPlan(s)attheofficeoftheRegistrarofTitles,Tanzania.

RESTRICTEDCOMMONAREAPROPERTY:

ThePurchaserhereinagreesthattheRestrictedCommonAreasProperties/PropertiesAreasshallnotbeforhis/herexclusiveuse;instead,remainastheyaretobeusedbyotherUnitCo-Owners,MembersfromneighbouringZones(Zone02to12)andanyotherpersonthatwillbepermittedbytheManagementoftheAssociationforZONE–01tousesuchProperties/Areas.TheVendorshallactincollaborationwithanArchitectand/orDesigner(asdeterminedbytheVendor)insodeterminingtheRestrictedCommonAreaProperty.

IntheeventofRestrictedCommonAreaPropertynothavingbeenfinallydeterminedatdateofsignature,theVendorherebyreservestherightinitsabsolutediscretiontoconvertsuchportionsoftheCommonAreaPropertytoberestrictedones.ThecostofandincidentaltothecreationoftheRestrictedCommonPropertyshallbebornebytheVendor.

ThePurchasershall,subjecttotheRulesbeentitledtotheuseandenjoymentoftheRestrictedCommonArea,atalltimeduringexistenceoftheUnitanditscorrespondenceUnitPlanallowotherneighbouringUnitPlansOwners(forZones02to12)toenjoyanduseRrestrictedCommonAreassuchasmainroads,maingates,watertowerand/orwatersourcecreatedbytheDeveloperforcommonusagebywayofEasementand/orRightofawayprovidedthatsuchusageorenjoymentisnecessaryandisdoneinaccordancewiththestandardconditionssettoallusersformaintenanceofthecommon.

ThePurchasershalltakeallreasonablestepstokeeptheRestrictedCommonAreainaclean,hygienic,neatandattractiveconditionandshallnotusetheareainsuchamannerorforsuchpurposesasarelikelytoimpairthesafety,appearanceoramenityofotherUnit/sorotherpartsoftheCommonProperty.

IntheeventofthePurchaserfailingtosomaintaintheRestrictedCommonArea,theAssociationshallbeentitledtoremedythePurchaser’sfailureandtorecoverthereasonablecostofdoingsofromher.

ThePurchasershallallowtheAssociationaccesstoandcarryonanyactivityontheRestrictedCommonAreasforanypurposereasonablyrequiredformaintenanceoftheCommonPropertyortheUnit,asthecasemaybe.

JOINTPURCHASERS:

InsofarastheremaybemorethanonePurchaserintermsofthisAgreement,theliability/rightofeachofsuchPurchasershallbejointandseveral.

NOTICES:

AnynoticeordemandhereundermaybedulygiventoeitherPpartybyhanddelivery,e-mailorprepaidpostletterorotherspeediermodeofcommunicationproperlyaddressedtotheaddresseshereinabovewrittenandshallbeeffectualnotwithstandinganychangeofaddress/addressesandnotwithstandingthereturnofthenoticeordemandconcernedandsuchnoticeordemandshallbeeffectualforallpurposesSEVEN(07)calendardaysafterthepostingortransmissionorservicethereofandinprovingserviceitshallbesufficienttoprovethatthelettercontainingthenoticeordemandwasproperlystamped,addressedandputintothepost.EitherPpartywhowantstoexercisethisrightuponcanopttouseoneormoreoftheabovemodalitiessavethat,ineitherchoicetheremustbeatleasttwoofthesesaidthreecompulsorymodes(handdelivery,postaladdressande-mail).

THEASSOCIATION:

ThePurchaseragreesthat:

FromOccupationDateoraftercompletionofregistrationofthetransferofthePropertyinfavourofthePurchaser(whicheverisearlier)thePurchaserwillautomaticallybecomeamemberoftheAssociationandwillbeandremainboundbytheRulesforsolongasthePurchaseristheregisteredowner.

ShouldthePurchasersellorleasetheProperty,thePurchasermustnotifytheAssociationinwritingwithinfourteenFourteen(14)calendardaysbeforelease/sale/leaseandwillmakesurethathis/hersubsequentpurchaser/LesseelesseeismadefullyawareoftheexistenceoftheAssociationandthefactthatsuchsuccessivepurchaserwillautomaticallybecomeamemberoftheAssociationanddulyboundbytheexistingConstitutionandBy-Laws/RulesoftheAssociation.

WARRANTIES:

ThePurchasershall,withinFourteen14(14fourteen)calendardaysaftertheOccupationDate,notifytheVendorinwritingofalloranydefectsintheUnit,failingwhichthePurchasershallbedeemedtohaveacceptedtheUnitingoodorderandcondition.

ThePurchaserispurchasingthePropertywithfullandcompleteknowledgeinallaspectsoftheactualstateandconditionofthePropertyasdescribedunderAnnexure“F”(TypeoftheHouse,PlotsizeSizeandratioRatioincludingfinalchangesontheArchitecturalDesignpresentedtoandacceptedbythePurchaser)andshalltakethePropertyasitstandsontheOccupationDate.

ThePurchaserentersintothisAgreementsolelyasaresultofhis/herowninspectionoftheProjectLandwherethePropertyisgoingtobeerectedandreliancemadebythePurchaseronProjectpresentationsasdescribedintheregisteredUnitPlan(Annexure“A”)andnofurtherrepresentation,warrantyorotherassuranceeitherwrittenororalorimpliedmadetothePurchaserand/orhis/heremployees,agentsorrepresentativessaveasotherwiseprovidedherein.

ThePurchaseracknowledgesthatthissaleisbyUnitTitleandthatthePurchaserhasorwillhavesatisfiedhimself/herselfregardingallRules,regulations,conditionsandservitudeofwhatevernaturepertainingtothesale,ownershipanduseofthePropertybeforesigningthisAgreement.

IfanyworkofwhatsoevernatureisstillrequiredtobedonetotheUnit,thePurchasershallnotbeentitledtowithholdorabatepaymentofanyamountduetotheVendorortheAssociation.

InsofarastheVendorhasreceivedwarrantiesfromcontractors/nominatedsub-contractors/suppliersandadefectinthePropertymanifestsitself,theVendorshall,uponrequestbythePurchaser,cedeitsrightsinsuchwarrantytothePurchasertotheextentthatthetermsofsuchwarrantydonotprecludesuchcessionanduponcessionasaforementioned,thePurchasershallhavenofurtherclaimagainsttheVendorarisingfromsuchdefect.

ThePurchaseracknowledgesandagreesthathe/sheshallhavenoclaimagainsttheVendorinrespectofdefects,whetherlatent,patentorotherwiseintheCommonPropertyortheUnitsaveforthedefectsofwhichPurchasershallhavenotifiedtheVendorpursuanttoClause13.1hereinabove.

AllwarrantiesandundertakingsgivenbytheVendortothePurchaserintermsofthisAgreementarepersonaltothePurchaserwhoshallnotcede,assignormake-overhis/herrightsthereto.

WherethePurchasermakesanyalterationstothe“asbuiltUnit”withoutawrittenapprovaloftheVendor,the