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Maintenance and Association Sample Clauses

Maintenance and Association. The Promoter may manage and maintain the common parts and utilities of the Project by itself or may hand over these to the Maintenance Company for which all Allottees may be required to execute an Agreement (“Management Agreement”) with the Maintenance Company. (a) The Allottee shall become a member of the Association. The Allottee shall observe and abide by all the bye-laws, rules and regulations prescribed by the Association in regard to ownership or enjoyment of the Bungalow or common areas and facilities in the Project. (b) For the enjoyment and maintenance of the common areas and facilities of the Project, the Allottee shall be liable to remit per month the proportionate maintenance charges (“Maintenance Charges”) of such area and facilities as may be fixed by the Promoter/Maintenance Company and upon completion the Association from time to time. The Maintenance Charges shall become payable from the Possession Date. In case the Allottee fails to pay: (i) The Allottee shall not be entitled to avail any maintenance services; (ii) Applicable Interest Rate will become payable by the Allottee; and (iii) The Promoter/Maintenance Company/Association shall adjust the unpaid amount from the IFSD. If due to such adjustment in IFSD falls below the six months average of the Maintenance Charges, then the Allottee shall make good the resultant shortfall within 15 (c) An interest free corpus deposit (“Maintenance Security Deposit”) for the Bungalow shall be paid by the Allottee to the Promoter on or before taking over possession of the Bungalow. The Maintenance Security Deposit is Rs. ../- per square feet of the carpet area of the Bungalow and the same shall be used by the Promoter/Association for repair of common areas, facilities and equipment provided in the Project. Notwithstanding the above, the Promoter reserves the right to utilize this deposit to adjust any realizable dues from the Allottee. The unused portion of the Maintenance Security Deposit shall be transferred to the Association as and when desired by the Association. (d) The Allottee shall pay, over and above the monthly running Maintenance Charges and the Maintenance Security Deposit, an amount equivalent to 6 (Six) months proposed monthly Maintenance Charges towards the Interest Free Security Deposit (“IFSD”) to the Promoter calculated at the rate of Rs ...
Maintenance and Association. 2.1 Upon completion of the Project and obtaining of the completion certificate of the Project and formation and operationalization of the Association of the Allottees, the Promoter will hand over management for maintenance of the Project to the Association for which the Allottee may be required to execute an agreement. The Allottee will be required to complete the formalities of becoming a member of the Association. The Allottee shall observe and abide by all the byelaws, rules and regulations prescribed by the Association in regard to user and enjoyment of the Allotted Apartment and common areas and facilities in the Project. 2.2 In the event the Association has been formed but there are Apartments in the Building that are not sold by the Promoter, till such time the unsold Apartments are not sold, all outgoings pertaining to the unsold Apartments shall be payable by the Promoter. Further the Allottee and/or the Association shall not do any act deed or thing which may restrict or impede sale or otherwise transfer of the unsold Apartments to any of the prospective Allottees. 2.3 For availing essential services and maintenance of the Common Areas, the Allottee shall be liable to remit per month the CAM Charges as per the Chargeable Area to the Promoter or the Facility Maintenance Agency and upon its formation to the Association by them from time to time.
Maintenance and Association. 3.1 Upon completion of the Project and obtaining of the completion certificate of the Project and formation and operationalization of the Association of the Allottees, the Promoter will hand over its management for maintenance of the Common Areas to the Association. The Allottee will be required to complete the formalities of becoming a member of the Association. The Allottee shall observe and abide by all the byelaws, rules and regulations prescribed by the Association in regard to ownership or enjoyment of the Allotted Apartment and Common Areas and facilities in the Project. 3.2 In the event the Association has been formed but there are Apartments in the Building that are not sold by the Promoter, till such time the unsold Apartments are not sold, all outgoings pertaining to the unsold Apartments shall be payable by the Vendor and the Promoter. Further the Allottee and/or the association shall not do any act deed or thing which may restrict or impede sale or otherwise transfer of the unsold Apartments to any of the prospective Allottees. 3.3 For the enjoyment and maintenance of the Common Areas and facilities of the Project, the Allottee shall be liable to remit per month the proportionate maintenance charges of such area and facilities as may be fixed by the Promoter and upon formation of the Association by the Association from time to time. The maintenance charges shall become payable from the period mentioned in clause
Maintenance and Association. Maintenance
Maintenance and Association. 3.1 Upon formation and operationalization of the Association of the Allottees, the Promoter will hand over its management for maintenance of the Project to the Association. The Allottee will be required to complete the formalities of becoming a member of the Association. The Allottee shall observe and abide by all the bye- laws, rules and regulations prescribed by the Association in regard to ownership or enjoyment of the Allotted Apartment and common areas and facilities in the Project. 3.2 In the event the Association has been formed but there are Apartments in the Building that are not sold by the Promoter, till such time the unsold Apartments are not sold, all outgoings pertaining to the unsold Apartments shall be payable by the Promoter. Further the Allottee and/or the association shall not do any act deed or thing which may restrict or impede sale or otherwise transfer of the unsold apartments to any of the prospective Allottees. 3.3 For the enjoyment and maintenance of the common areas and facilities of the Project, the Allottee shall be liable to remit per month the proportionate Maintenance Charges of such area and facilities as may be fixed by the Promoter and upon formation of the Association by the Association from time to time. The Maintenance Charges shall become payable from the period mentioned in clause
Maintenance and Association. 2.1 Upon completion of the Project and obtaining of the completion certificate of the Project and formation and operationalization of the Association of the Allottees, the Promoter will hand over management for maintenance of the Project to the Association for which the Allottee may be required to execute an instrument. The Allottee will be required to complete the formalities of becoming a member of the Association. The Allottee shall observe and abide by all the byelaws, rules and regulations prescribed by the Association in regard to user and enjoyment of the Allotted Apartment and common areas and facilities in the Project. 2.2 The Allottee and/or the Association shall not do any act deed or thing which may restrict or impede sale or otherwise transfer of the unsold Apartments to any of the prospective Allottees. 2.3 For availing essential services and maintenance of the Common Areas, the Allottee shall be liable to remit per month the CAM Charges as per the Maintenance Chargeable Area of his Apartment to the Promoter or the facility maintenance agency and upon its formation to the Association by them from time to time. 2.4 For availing Club facilities, the Allottee shall be liable to remit per month the Club Subscription Charges to the Promoter or the facility maintenance agency and upon its formation to the Association by them from time to time.
Maintenance and Association. The Promoter/Transferor may manage and maintain the common parts and utilities of Malhar and Renaissance by itself or may hand over these to the Maintenance Company for which all Allottees/Transferees may be required to execute the Management Agreement with the Maintenance Company. (a) The Allottee/Transferee shall only have the user right over the common/ open areas within Malhar and the common areas of Renaissance. .........
Maintenance and Association. The Promoter/Transferor may manage and maintain the common parts and utilities of Antara and Renaissance by itself or may hand over these to the Maintenance Company for which all Allottees/Transferees may be required to execute the Management Agreement with the Maintenance Company. (a) The Allottee/Transferee shall only have the user right over the common/ open areas within Antara and the common areas of Renaissance. ...
Maintenance and Association. 22.1 Mai ntenance
Maintenance and Association