March 23, 2024

Section 10 – THE RAJASTHAN APARTMENT OWNERSHIP BILL, 2015

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 […]

Section 9 – THE RAJASTHAN APARTMENT OWNERSHIP BILL, 2015

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

Section 8 – THE RAJASTHAN APARTMENT OWNERSHIP BILL, 2015

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

Section 7 – THE RAJASTHAN APARTMENT OWNERSHIP BILL, 2015

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,

Section 6 – THE RAJASTHAN APARTMENT OWNERSHIP BILL, 2015

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

Section 5 – THE RAJASTHAN APARTMENT OWNERSHIP BILL, 2015

Apartment to be heritable and transferable Subject to the provisions of section 6, each apartment, together with theundivided interest in the common areas and facilities appurtenantto such apartment, shall, for all purposes, constitute as a heritableand transferable immovable property within the meaning of anylaw for the time being in force, and accordingly, an apartmentowner may

Section 4 – THE RAJASTHAN APARTMENT OWNERSHIP BILL, 2015

Ownership of apartments (1) Every person to whomany apartment is allotted, sold or otherwise transferred by thepromoter, on or after the commencement of this Act, shall, save asotherwise provided in section 6, and subject to the other provisionsof this Act, be entitled to the exclusive ownership and possessionof the apartment so allotted, sold or otherwise

Section 3 – THE RAJASTHAN APARTMENT OWNERSHIP BILL, 2015

Definitions In this Act, unless the context otherwise requires,-(a) “allottee”, in relation to an apartment, means the personto whom such apartment has been allotted, sold or otherwise  transferred by the promoter;(b) “apartment” means a part of any property intended forany type of independent use, including one or more rooms orenclosed spaces located on one or

Section 2 – THE RAJASTHAN APARTMENT OWNERSHIP BILL, 2015

Application The provisions of this Act shall apply to every apartment in any building constructed or converted into apartments by a promoter before or after the commencement of this Act on a free hold land or on a lease hold land, if the lease for such land is for a period of thirty years or

Section 1 – THE RAJASTHAN APARTMENT OWNERSHIP BILL, 2015

Short title, extent and commencement (1) This Act may be called the Rajasthan Apartment Ownership Act, 2015.(2) It extends to the whole of the State of Rajasthan.(3) It shall come into force at once. Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice