Governing Body of Flat Owners Sample Clauses

Governing Body of Flat Owners. The Promoter shall hand over management and upkeep of all Common Areas to the Association of Flat owners. In this regard, it is clarified that (1) the Association of Flat owners shall operate, manage and render specified day to day services with regard to the common areas of the Said Complex (2) the Association of Flat owners shall levy and collect the common expenses/maintenance charges (3 )the Allottee shall be bound to pay the common expenses/maintenance charges to the Association of Flat owners (4) the Association of Flat owners will be required to render any accounts to the Allottee (5) the Association of Flat owners shall merely be the service provider for rendition of services with regard to the common portions and no superior rights with regard to the common portions shall vest in the Association of Flat owners and(6) the governing body of Flat owners may be replaced by consent of 80% (eighty percent) or more of the allottees of the Said Complex/Whole Project.
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Related to Governing Body of Flat Owners

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