================================================================ ALLOTMENT LETTER CHECKLIST ================================================================ Property: ______________________ Date: ______________ IDENTITY OF THE PARTIES AND THE UNIT ------------------------------------ [ ] Promoter name matches the name registered on the RERA portal exactly [ ] Project name and RERA registration number stated on the letter itself [ ] Your name spelled as it appears on PAN and Aadhaar, and in the same order [ ] Co-applicant named, if the loan or the ownership will be joint [ ] Tower, floor, unit number and facing, with no blanks to be filled in later [ ] Carpet area stated in figures and words [ ] Parking bay: how many, covered or open, and identified if already allotted PRICE, AND EVERYTHING ADDED TO IT --------------------------------- (The headline rate is rarely the amount you will pay.) [ ] Base rate and how it is calculated — per square foot of carpet or super built-up [ ] Floor rise, preferred location and view charges itemised, not bundled [ ] Club, infrastructure, electrification and water connection charges listed separately [ ] Corpus or sinking fund, and advance maintenance, with the number of months stated [ ] GST shown as a separate line, not absorbed into the rate [ ] Stamp duty and registration stated as payable by you at actuals [ ] A total that actually adds up when you check it with a calculator [ ] A statement that no further charge will be raised except those listed PAYMENT SCHEDULE ---------------- [ ] Each instalment tied to a named construction stage, or to a date if time-linked [ ] Who certifies that a stage is reached, and whether you are notified before a demand [ ] Bank account named, and confirmed as the project’s designated account [ ] Interest charged on late payment stated as a rate, with the grace period [ ] Whether a demand can be raised ahead of the stage being completed POSSESSION AND DELAY -------------------- [ ] Possession date stated as a date, not as a number of months from an event [ ] The date matches what is declared on the RERA portal [ ] Grace period, if any, stated in months and not left open [ ] Compensation payable to you per month of delay, as a defined amount or rate [ ] Whether compensation is paid or adjusted, and when [ ] Force majeure wording that is limited to defined events, not open-ended [ ] Your right to withdraw on prolonged delay, and what is refunded CANCELLATION AND TRANSFER ------------------------- [ ] What is forfeited if you cancel, stated as an amount or a percentage [ ] What happens if your home loan is declined — treated separately from cancellation [ ] Refund timeline in days if the promoter cancels [ ] Whether the allotment can be transferred to another buyer, and the fee [ ] Whether a name can be added or removed before registration, and the cost WHAT MUST BE ATTACHED OR PROMISED --------------------------------- [ ] A copy of the approved floor plan for your unit [ ] The specification list, room by room, with brands where they are promised [ ] A statement that the agreement for sale will be executed and registered, and by when [ ] Defect liability period and how a snag is reported after possession [ ] Signature of an authorised signatory with name and designation, plus the company seal [ ] A stamped receipt for whatever you pay on the day, naming the project and unit ================================================================ NOTE ================================================================ This template is a general starting point, not legal or tax advice. Stamp duty, registration charges, tax thresholds and notice periods are set by each state and change from year to year, so no rate or limit is stated here. Confirm the current position with the sub-registrar for the property, your state revenue portal or a qualified professional before you sign, pay or serve anything. Template from My Property Pages — https://mypropertypages.com/documents