Explicit mention of advance maintenance charges, corpus funds, or security deposits paid. 4. Statutory Approvals
In the lifecycle of a real estate transaction, the "Possession Letter" is a pivotal document. It serves as the builder’s official intimation to the buyer that the unit is ready for occupancy and that the buyer can take physical custody of the property. While often confused with the "Occupancy Certificate" issued by local municipal authorities, the Possession Letter is a private contractual document that triggers the final payment schedules and the handover of keys.
Are there any or state-specific laws you need to incorporate? flat possession letter format from builder pdf full
We hereby hand over the peaceful, vacant, and physical possession of the said unit to you, effective from .
(Signature)
A flat possession letter is a crucial legal document issued by a real estate developer to a property buyer. It officially states that the property is ready for occupancy and transfers the physical custody of the flat to the buyer.
A possession letter is a crucial legal document issued by a builder to a buyer, confirming the formal handover of a completed flat and the transfer of its physical custody. It signifies that the property is ready for occupancy and that the buyer has officially taken charge of the premises. It serves as the builder’s official intimation to
I/We, the undersigned, hereby confirm receipt of the keys and peaceful possession of Unit No. [Number] as stated in this letter. I/We agree to all the terms and conditions mentioned above.
[DD/MM/YYYY] Our Ref No.: [Builder’s Reference Number] Your Ref No.: [Buyer’s Allotment/Application No., if any] We hereby hand over the peaceful, vacant, and
COMPANY LETTERHEAD OF THE BUILDER / DEVELOPER (Complete Registered Office Address, Contact Numbers, and Email) Ref No: ____________________ Date: DD/MM/YYYY To, [Name of the Primary Buyer] [Name of the Co-Buyer, if applicable] [Current Residential Address of the Buyer] Contact Number: ____________________ Subject: Letter of Possession for Flat No. ______ in Project "[Project Name]" Dear Sir/Madam, We are pleased to inform you that the construction of your residential unit is complete in all respects. The local municipal authority has issued the Occupancy Certificate (OC) for the building vide Certificate No: ________________ dated __________. As per the Apartment Buyer’s Agreement executed between us on DD/MM/YYYY, we are ready to hand over physical possession of your property. The details of the unit are specified below: • Project Name: __________________________________________________ • Tower/Wing: ___________ Floor: ___________ Flat No: ___________ • Carpet Area: ____________ sq. ft. | Super Built-up Area: ____________ sq. ft. Financial Settlement Summary: We hereby acknowledge receipt of the total sale consideration amount of Rs. ________________/- (Rupees ________________________________________ only), inclusive of all applicable taxes, parking charges, and statutory deposits. There are no outstanding dues payable by you to the company regarding this unit as of today. Terms and Conditions of Possession: 1. Physical Custody: You have inspected the flat, fixtures, fittings, and amenities. You have expressed complete satisfaction with the quality of construction and finish. The keys to the flat are being handed over with this letter. 2. Maintenance Charges: With effect from DD/MM/YYYY, you shall be liable to pay regular maintenance charges, property taxes, electricity consumption charges, and water bills directly to the Maintenance Agency or Society. 3. Statutory Compliances: You agree to abide by all the rules, regulations, and by-laws laid down by the Resident Welfare Association (RWA) or Cooperative Housing Society once formed. 4. Conveyance Deed: The company will initiate the process for execution and registration of the final Sale Deed / Conveyance Deed within _____ days from the date of this letter, subject to your cooperation and payment of stamp duty and registration fees. Kindly sign the duplicate copy of this letter as a token of your acceptance of the possession and acknowledgment of the keys. We welcome you to your new home and wish you a prosperous stay. Thanking you, For [Name of the Builder/Developer Company] (Authorized Signatory) Name: ____________________ Designation: ____________________ Company Seal ---------------------------------------------------------------------------------- ACKNOWLEDGMENT & RECEIPT BY THE BUYER I/We hereby acknowledge receipt of the physical possession, original keys of Flat No. ______, and copies of all necessary compliance certificates. I/We confirm that we have no further claims against the Builder regarding construction quality or pending work. ___________________________ ___________________________ Signature of Primary Buyer Signature of Co-Buyer Date: Date: Use code with caution. Steps to Convert and Use this Format as a PDF