We have discussed before how Form A which is a declaration of deed of apartment and building can be used to the advantage of buyers.
Here, we further dwell upon the detailed contents of Form A.
A Declaration shall be submitted by a promoter in the office of the competent authority in respect of a building constructed after the commencement of UP Apartment Act 2010 in Form A. The declaration shall contain the following at high level:
(a) Description of the land on which the building and improvements are, or are to be located, and whether the land is free hold or lease hold;
(b) Description of the building stating the number of storeys and basements, the number of apartments and principal materials of which it is or is to be constructed;
(c) The number of each apartment and a statement of its location, its area, number of rooms and the immediate common area to which it has access and any other data necessary for its proper identification;
(d) Description of the common areas and facilities;
(e) Description of the common areas and facilities if any, stating to which apartments, their use is reserved;
(f) Value of the property and of each apartment, and the percentage of undivided interest in the common areas and the facilities appertaining to each apartment and its owner for all purposes, including voting (generally provided at completion);
(g) Particulars of encumbrances, if any, on the property of apartment and its undivided interest at the date of the declaration;
Also, particulars of Number of Parkings-Open and Covered, Area of club, Area of commercial set up and Number of shops, Park/garden area, Play court area, Number of lights, Water connection type, Facilities in basement etc., Fire fighting arrangements, Building structure plan, Flat specification are all covered as part of this form/declaration.
A template of Form A where in the above declarations are to be duly signed and submitted to authority by promoter/builder is given here (please refer page # 5 to 18) in embedded document for reference.
The builder may ask its buyers/owners to fill Form B (last page). However, for buyers, filling out the same without seeing Form A does not make sense and hence shall be avoided.
Also, buyers shall ensure that Form B’s content is exactly same as given on last page without any modification.
Last updated: May 11, 2015 at 22:39 pm