Common use of COMMON MAINTENANCE AND CORPUS DEPOSIT Clause in Contracts

COMMON MAINTENANCE AND CORPUS DEPOSIT. 11.2.1. The Promoter will undertake maintenance and upkeep of common areas and roads and facilities in the said Building or entrust the same to any Maintenance Company of their choice for a period of 18 (Eighteen) months from the date of completion of the respective building and thereafter entrust the same to the Association of allottees to be formed by the owners of Apartments in said Building in The Allottee shall pay to the Promoter or Maintenance Company or Association of allottees s as the case may be, proportionate sums for maintenance of common areas and facilities in said Building. The Allottee shall also pay to the Promoter or Maintenance Company appointed by the Promoter, proportionate sums for Ad-hoc Maintenance charges for maintenance of common areas and facilities at the Project from the date of possession of the Apartment is ready for which a notice is served on the Allottee or possession is handed over or deemed to have been handed over shall be liable to bear proportionately share and pay for the common expenses/maintenance expenses to the Promoter /the Agency appointed by the Promoter for maintenance of all the common areas and facilities in the said Building. 11.2.2. The Allottee shall also pay amounts as mentioned in Clause 1.2.2 towards Corpus Fund which will be utilized for major repairs or maintenance works in the Project and transfer the unspent sum to the respective association. The said sum will be under the management and control of the Promoter /Association of allottees s aforesaid and their decision in respect of the utilization of the said sum will be final. Any shortfall in funds for the aforesaid purposes shall be made good by the Allottee along with other allottees proportionately. 11.2.3. The Allottee shall permit the Promoter and/or Maintenance Company and/or Association as the case may be, their agents, with or without workmen at all reasonable times to enter into and upon the Said Apartment or any part thereof for the purpose of repairing, maintaining, re-building, cleaning and keeping in order and condition all services, drains, or other conveniences belonging to or servicing or used for the Said Apartment and also for the purpose of laying, maintaining, repairing and testing drainage, water pipes and electric wires and for similar purposes and also for the purpose of cutting off the supply of water and electricity and other facilities etc., to the Said Apartment who have defaulted in paying their share of the water, electricity and other charges and common expenses.

Appears in 16 contracts

Samples: Sale Agreement, Sale Agreement, Sale Agreement

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COMMON MAINTENANCE AND CORPUS DEPOSIT. 11.2.1. The Promoter will undertake maintenance and upkeep of common areas and roads and facilities in the said Building or entrust the same to any Maintenance Company of their choice for a period of 18 24 (EighteenTwenty Four) months from the date of completion of the respective building and thereafter entrust the same to the Association of allottees Allottees to be formed by the owners of Apartments in said Building in The Allottee Allottee/s shall pay to the Promoter or Maintenance Company or Association of allottees s Allottees as the case may be, proportionate sums for maintenance of common areas and facilities in said Building. The Allottee Allottee/s shall also pay to the Promoter or Maintenance Company appointed by the Promoter, proportionate sums for Ad-hoc Maintenance charges for maintenance of common areas and facilities at the Project from the date of possession of the Apartment is ready for which a notice is served on the Allottee Allottee/s or possession is handed over or deemed to have been handed over shall be liable to bear proportionately share and pay for the common expenses/maintenance expenses to the Promoter /the Agency appointed by the Promoter for maintenance of all the common areas and facilities in the said Building. 11.2.2. The Allottee Allottee/s shall also pay amounts as mentioned in Clause 1.2.2 towards Corpus Fund which will be utilized for major repairs or maintenance works in the Project and transfer the unspent sum to the respective association. The said sum will be under the management and control of the Promoter /Association of allottees Allottees s aforesaid and their decision in respect of the utilization of the said sum will be final. Any shortfall in funds for the aforesaid purposes shall be made good by the Allottee Allottee/s along with other allottees Allottees proportionately. 11.2.3. The Allottee Allottee/s shall permit the Promoter and/or Maintenance Company and/or Association as the case may be, their agents, with or without workmen at all reasonable times to enter into and upon the Said Apartment or any part thereof for the purpose of repairing, maintaining, re-building, cleaning and keeping in order and condition all services, drains, or other conveniences belonging to or servicing or used for the Said Apartment and also for the purpose of laying, maintaining, repairing and testing drainage, water pipes and electric wires and for similar purposes and also for the purpose of cutting off the supply of water and electricity and other facilities etc., to the Said Apartment who have defaulted in paying their share of the water, electricity and other charges and common expenses.

Appears in 10 contracts

Samples: Sale Agreement, Sale Agreement, Sale Agreement

COMMON MAINTENANCE AND CORPUS DEPOSIT. 11.2.1. 11.2.1 The Promoter will undertake to maintenance and upkeep of common areas and roads and facilities in the said Building or entrust the same to any Maintenance Company of their choice for a period of 18 (Eighteen) eighteen months from the date of completion of the respective building and thereafter entrust the same to the Association of allottees owners to be formed by the owners of Apartments in said Building in Building. The Allottee shall pay to the Promoter or Maintenance Company or Association of allottees s owners as the case may be, proportionate sums for maintenance of common areas and facilities in said Building. The Allottee shall also pay to the Promoter or Maintenance Company appointed by the Promoter, proportionate sums for Ad-hoc Maintenance charges for maintenance of common areas and facilities at the Project from the date of possession of the Said Apartment is ready for which a notice is served on the Allottee or possession is handed over or deemed to have been handed over shall be liable to bear proportionately share and pay for the common expenses/maintenance expenses to the Promoter /the Agency appointed by the Promoter for maintenance of all the common areas and facilities in the said Building. 11.2.2. 11.2.2 The Allottee shall also pay amounts as mentioned in Clause 1.2.2 1.2 towards Corpus Fund which will be utilized for major repairs or maintenance works in the Project and transfer the unspent sum to the respective association. The said sum will be under the management and control of the Promoter /Association of allottees s owners aforesaid and their decision in respect of the utilization of the said sum will be final. Any shortfall in funds for the aforesaid purposes shall be made good by the Allottee along with other allottees proportionately. 11.2.3. 11.2.3 The Allottee shall permit the Promoter and/or Maintenance Company and/or Association as the case may be, their agents, with or without workmen at all reasonable times to enter into and upon the Said Apartment or any part thereof for the purpose of repairing, maintaining, re-building, cleaning and keeping in order and condition all services, drains, or other conveniences belonging to or servicing or used for the Said Apartment and also for the purpose of laying, maintaining, repairing and testing drainage, water pipes and electric wires and for similar purposes and also for the purpose of cutting off the supply of water and electricity and other facilities etc., to the Said Apartment who have defaulted in paying their share of the water, electricity and other charges and common expenses.

Appears in 4 contracts

Samples: Sale Agreement, Sale Agreement, Sale Agreement

COMMON MAINTENANCE AND CORPUS DEPOSIT. 11.2.1. The Promoter will undertake maintenance and upkeep of common areas and roads and facilities in the said Said Building or entrust the same to any Maintenance Company of their choice for a period of 18 24 (EighteenTwenty Four) months from the date of completion of the respective building and thereafter entrust the same to the Association of allottees Allottees to be formed by the owners of Apartments in said Said Building in The Allottee shall pay to the Promoter or Maintenance Company or Association of allottees s Allottees as the case may be, proportionate sums for maintenance of common areas and facilities in said Said Building. The Allottee shall also pay to the Promoter or Maintenance Company appointed by the Promoter, proportionate sums for Ad-hoc Maintenance charges for maintenance of common areas and facilities at the Project from the date of possession of the Apartment is ready for which a notice is served on the Allottee or possession is handed over or deemed to have been handed over shall be liable to bear proportionately share and pay for the common expenses/maintenance expenses to the Promoter /the Agency appointed by the Promoter for maintenance of all the common areas and facilities in the said Said Building. 11.2.2. The Allottee shall also pay amounts as mentioned in Clause 1.2.2 towards Corpus Fund which will be utilized for major repairs or maintenance works in the Project and transfer the unspent sum to the respective association. The said sum will be under the management and control of the Promoter /Association of allottees s Allottees aforesaid and their decision in respect of the utilization of the said sum will be final. Any shortfall in funds for the aforesaid purposes shall be made good by the Allottee along with other allottees Allottees proportionately. 11.2.3. The Allottee shall permit the Promoter and/or Maintenance Company and/or Association as the case may be, their agents, with or without workmen at all reasonable times to enter into and upon the Said Apartment or any part thereof for the purpose of repairing, maintaining, re-building, cleaning and keeping in order and condition all services, drains, or other conveniences belonging to or servicing or used for the Said Apartment and also for the purpose of laying, maintaining, repairing and testing drainage, water pipes and electric wires and for similar purposes and also for the purpose of cutting off the supply of water and electricity and other facilities etc., to the Said Apartment who have defaulted in paying their share of the water, electricity and other charges and common expenses.

Appears in 3 contracts

Samples: Sale Agreement, Sale Agreement, Sale Agreement

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COMMON MAINTENANCE AND CORPUS DEPOSIT. 11.2.1. 11.2.1 The Promoter will undertake to maintenance and upkeep of common areas and roads and facilities in the said Building or entrust the same to any Maintenance Company of their choice for a period of 18 (Eighteen) eighteen months from the date of completion of the respective building and thereafter entrust the same to the Association of allottees owners to be formed by the owners of Apartments in said Building in Building. The Allottee Allottee/s shall pay to the Promoter or Maintenance Company or Association of allottees s owners as the case may be, proportionate sums for maintenance of common areas and facilities in said Building. The Allottee Allottee/s shall also pay to the Promoter or Maintenance Company appointed by the Promoter, proportionate sums for Ad-hoc Maintenance charges for maintenance of common areas and facilities at the Project from the date of possession of the Said Apartment is ready for which a notice is served on the Allottee Allottee/s or possession is handed over or deemed to have been handed over shall be liable to bear proportionately share and pay for the common expenses/maintenance expenses to the Promoter /the Agency appointed by the Promoter for maintenance of all the common areas and facilities in the said Building. 11.2.2. 11.2.2 The Allottee Allottee/s shall also pay amounts as mentioned in Clause 1.2.2 1.2 towards Corpus Fund which will be utilized for major repairs or maintenance works in the Project and transfer the unspent sum to the respective association. The said sum will be under the management and control of the Promoter /Association of allottees s owners aforesaid and their decision in respect of the utilization of the said sum will be final. Any shortfall in funds for the aforesaid purposes shall be made good by the Allottee Allottee/s along with other allottees Allottees proportionately. 11.2.3. 11.2.3 The Allottee Allottee/s shall permit the Promoter and/or Maintenance Company and/or Association as the case may be, their agents, with or without workmen at all reasonable times to enter into and upon the Said Apartment or any part thereof for the purpose of repairing, maintaining, re-building, cleaning and keeping in order and condition all services, drains, or other conveniences belonging to or servicing or used for the Said Apartment and also for the purpose of laying, maintaining, repairing and testing drainage, water pipes and electric wires and for similar purposes and also for the purpose of cutting off the supply of water and electricity and other facilities etc., to the Said Apartment who have defaulted in paying their share of the water, electricity and other charges and common expenses.

Appears in 2 contracts

Samples: Sale Agreement, Sale Agreement

COMMON MAINTENANCE AND CORPUS DEPOSIT. 11.2.1. 11.2.1 The Promoter will undertake maintenance and upkeep of common areas and roads and facilities in the said Building Clover Villa or entrust the same to any Maintenance Company of their choice for a period of 18 24 (EighteenTwenty Four) months from the date of completion of the respective building said Clover Villa and thereafter entrust the same to the Association of allottees to be formed by the owners of Apartments Unit/Villa in the said Building in Phase. The Allottee shall pay to the Promoter or Maintenance Company or Association of allottees s as the case may be, proportionate sums for maintenance of common areas and facilities in said BuildingClover Villa . The Allottee shall also pay to the Promoter or Maintenance Company appointed by the Promoter, proportionate sums for Ad-hoc Maintenance charges for maintenance of common areas and facilities at the Project from the date of possession of the Apartment Villa is ready for which a notice is served on the Allottee or possession is handed over or deemed to have been handed over shall be liable to bear proportionately share and pay for the common expenses/maintenance expenses to the Promoter /the Agency appointed by the Promoter for maintenance of all the common areas and facilities in the said BuildingClover Villa . 11.2.2. 11.2.2 The Allottee shall also pay amounts as mentioned in Clause 1.2.2 towards Corpus Fund which will be utilized for major repairs or maintenance works in the Project and transfer the unspent sum to the respective association. The said sum will be under the management and control of the Promoter /Association of allottees s owners aforesaid and their decision in respect of the utilization of the said sum will be final. Any shortfall in funds for the aforesaid purposes shall be made good by the Allottee along with other allottees proportionately. 11.2.3. 11.2.3 The Allottee shall permit the Promoter and/or Maintenance Company and/or Association as the case may be, their agents, with or without workmen at all reasonable times to enter into and upon the Said Apartment Villa or any part thereof for the purpose of repairing, maintaining, re-building, cleaning and keeping in order and condition all services, drains, or other conveniences belonging to or servicing or used for the Said Apartment Villa and also for the purpose of laying, maintaining, repairing and testing drainage, water pipes and electric wires and for similar purposes and also for the purpose of cutting off the supply of water and electricity and other facilities etc., to the Said Apartment Villa who have defaulted in paying their share of the water, electricity and other charges and common expenses.

Appears in 1 contract

Samples: Sale Agreement

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