Common use of Building Service Charges Clause in Contracts

Building Service Charges. (a) The Purchaser shall be liable for and must pay the Building Service Charges without any deduction, set-off or other withholding whatsoever from the Completion Date (whether or not the Purchaser has completed this Agreement or is the Unit Owner at such time) and agrees that: (i) the Purchaser has a continuing obligation (together with all the other Unit Owners) to contribute towards the expenses for the Operation of the Building Common Areas by way of Building Service Charges generally calculated and payable in accordance with the provisions of the Building JOPD including an obligation to contribute to the General Fund and the Reserve Fund established by the Building Owners Association with respect to the Building Common Areas based on the Entitlements; (ii) the Purchaser has a continuing obligation (together with all the other owners in the Master Community) to contribute towards the Master Community Service Charges calculated and payable in accordance with the provisions of the Master Community Declaration; (iii) the Master Community Seervice Charges shall be included in the Building Service Charge unless any regulation or direction issues otherwise, by the Relevant Authority or by any Applicable Law issued from time to time; (iv) the Purchaser shall pay the Building Service Charge as per the system and norms declared by the Relevant Authorities from time to time and presently as per the provisions of Law no. 6 of 2019 whereby the Purchaser shall directly pay to the system maintained by the Relevant Authority or through the Buuilding Manager appointed and approved by the Relevant Authority and the Seller.

Appears in 6 contracts

Samples: Sales Purchase Agreement, Sales Purchase Agreement, Sales Purchase Agreement

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