Hi, Can any one provide me sample format of possession letter for residential flat? Thanks in advance.
sab1132 (Engineer) 19 January 2009
Hi, Can any one provide me sample format of possession letter for residential flat? Thanks in advance.
AEJAZ AHMED (Legal Consultant/Lawyer) 19 January 2009
DEAR SAB,
As per your request you find the "POSSESSION LETTER" and " AFFIRMATION" in the attached file.
sab1132 (Engineer) 19 January 2009
Thanks Aejaz Ahmed for sending me docs.
sanjeev gupta (Advocate) 21 January 2009
Dear Sir,
I am sent the sample format of possession letter for residential flat.
With Regards
Sanjeev Gupta
POSSESSION LETTER
Stamp Duty Rs.10/-
That I/We, __________ S/O ___________ R/O __________ (Seller Name), have sold/ transferred a DDA Quarter of Ground Floor up to the extent of ceiling level, area measuring about 40 Sq.Yds. i.e. 33.44 Sq.Mtrs., consisting of two rooms, One latrine, One bathroom, fitted with electricity and water connection both in running condition, known as property __________________________ (Property No.), (Along with proportionate undivided, indivisible and impartible ownership rights in the land underneath) with all its free hold rights, titles and interests of the said property/Quarter (hereinafter called the property) and have executed relevant sale/transfer documents in his (Buyer’s name) favour and also have delivered the vacant, physical and peaceful possession of the above said property to the aforesaid purchaser on the spot and allow his to use, enjoy the same in any manner.
PLACE :
DATED :
WITNESSES :
1.
POSSESSION DELIVERED BY
(SELLER)
___________________
2.
POSSESSION TAKEN BY
(PURCHASER)
Udayan (NA) 14 September 2009
Hello, is the possesion letter required to be given on stamp paper ?
Thanks,
Uday.
Vinit Ranjan (IT Consultant) 06 September 2012
Sir,
I have purchased a flat in Ghaziabad in resale. Sale deed is done in favour of me by seller. But he has not given me any possesion letter. In this case should the possession letter be on stamp paper ? Is it ok to have it on only 10/- stamp paper?
Please suggest.
Thanks and Regards,
Vinit Ranjan
Ganesh Natarajan 20 June 2015
ANSARI IMTIYAZ AHMED (General Manager) 27 May 2016
Dear Sirs,
I have purchased a flat in Ulwe, New Mumbai. It is a new construction in new city being developed. Builder has given me ( on my insisting ) format of his possession letter. Some of the clause their is objectionable like "builder will always have right on building terrace and builder will use it for advertisement" Pl see attachment.
Is their any standardised format of possession letter ( as per government rules / law / act etc like sale agreement ) for new apartments sold by builder for newly constructed building ? If yes, I request kindly share its link.
Imtiyaz
Raksha Joshi 22 January 2020
Hello everyone!
Thankyou for your question!
A possession letter is a document issued by the developer in favour of the buyer stating the date of possession of the property. It is issued after the developer gets a completion certificate from the designated authority. The letter is drafted on the name of the buyer with the prospective completion date mentioned on it. A possession letter does not make the buyer the legal owner of the property. For that, the buyer needs to get an occupancy certificate, which not only gives him the rights of the unit, but also access to the civic amenities offered in the complex. The letter also bears the time period before which the owner has to make the final payment and take physical possession of the property. The original copy of the possession letter needs to be produced for securing a home loan.
Even if the buyers are not satisfied with the property in its totality, they are bound to take the building possession. The reason for dissatisfaction may be the poor construction quality, faulty construction, usage of different material than promised, pending repair work, and delay in offering completion certificate. In such conditions, the buyer can accept a conditional possession letter for possession of the flat and give his feedback on the builder’s copy of the letter. The buyer can mention all the reasons for accepting a conditional possession letter. The buyer can also ask the builder to make all the changes as per the agreement and can approach the court in case the changes are not made.
Although there is no fixed or standardised format of a possession letter, here are a few possession letters for you to download
following is a checklist of the documents!
https://www.commonfloor.com/guide/checklist-for-taking-possession-of-your-new-apartment-1435.html
Hope this helps! Let me know if you have further queries!
Best Regards!
Raksha