Maintenance Security Deposit. To secure the payment of the Maintenance Charge, at or before execution hereof, the Purchaser has deposited the amount mentioned in Schedule-P being Rs.2.50 per Square Feet of the Super Built Up Area of the Unit of the Purchaser for 12 (twelve) months hereafter referred to as the "Maintenance Security Deposit". In case the Purchaser defaults to timely pay any payment whatsoever to be made by it to the Developer, the Phase Association or the Complex Association, as the case may be:
(i) The Developer, the Phase Association or the Complex Association, as the case may be, shall be entitled to utilise such part or portion of Maintenance Deposit to adjust any recoverable dues from the Purchaser.
(ii) In the event, any part or portion of the Maintenance Deposit has to be utilised by the Developer, the Phase Association or the Complex Association, as the case may be, the Purchaser shall be bound to replenish the withdrawal amount within the time as demanded by the Developer, the Phase Association or the Complex Association, as the case may be.
(iii) As an when the Maintenance Charge is increased, the Purchaser shall be asked to pay such further sum towards this Maintenance Security Deposit so that at all material times it is equal to 12 (twelve) months Maintenance Charge for the Unit of the Purchaser.
(iv) The Developer shall transfer/hand over the Maintenance Security Deposit without any interest, after adjustment/recovery of any dues if any, to the Phase Association at the time of handing over the Maintenance to it.
Maintenance Security Deposit. An interest free corpus deposit calculated at the rate of Rs 15 (fifteen) per sq ft of the Apartment Area (“Maintenance Security Deposit”) for the Apartment shall be paid by the Allottee to the Developer, on or before a date to be notified by the Developer which date shall not be a date later than the Possession Date. The amount of such Maintenance Security Deposit payable shall be intimated by the Developer on or before possession date. The Maintenance Security Deposit shall be used by the Developer/ Association for repair of the Complex or equipments provided therein. Notwithstanding the above, the Developer 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 without interest when incorporated.
Maintenance Security Deposit. An interest free corpus deposit calculated at the rate of Rs /- Deposit”) for the Bungalow shall be paid by the Allottee to the Promoter, on or before a date to be notified by the Promoter which date shall not be a date later than the Possession Date. The amount of such Maintenance Security Deposit payable shall be intimated by the Promoter on or before possession date. The Maintenance Security Deposit shall be used by the Promoter
Maintenance Security Deposit. An interest free corpus deposit (“Maintenance Security Deposit”) for the Apartment shall be paid by the Allottee to the Owner on or before taking over possession of the Apartment. The Maintenance Security Deposit is Rs. /- per square feet of the carpet area of the Apartment and the same shall be used by the Owner/Association for repair of Common Areas, facilities and equipment provided in the Project. Notwithstanding the above, the Owner 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.
Maintenance Security Deposit. An interest free corpus deposit calculated at the rate of Rs 18 (Eighteen) per sq ft (FOR 1 YEAR) of the Apartment Area (“Maintenance Security Deposit”) for the Apartment shall be paid by the Allottee to the Developer, on or before a date to be notified by the Developer which date shall not be a date later than the Possession Date. The amount of such Maintenance Security Deposit payable shall be intimated by the Developer on or before possession date. The Maintenance Security Deposit shall be used by the Developer/ Association for repair of the Complex or equipments provided therein. Notwithstanding the above, the Developer 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 without interest when incorporated. ……………………………………………... ………………………………………… …….…………….………………………. (Signature of Sole/First Applicant) (Signature of 1st Joint Applicant) (Signature of 2nd Joint Applicant)
Maintenance Security Deposit. Before taking over the possession of the Apartment, the Allottee shall also pay to the Promoter an interest-free security deposit amount towards the Maintenance Deposit calculated @ Rs. 47/- per square feet and have been included in the Total Price of the Apartment herein (“Maintenance Security Deposit”). All tax liabilities on account of Maintenance Security Deposit shall be borne by the Allottee. At the time of taking over of management and maintenance of the respective Common Areas by the respective Associations, the same shall be handed over by the Promoter to the Associations in such manner so that [•] % of the same is handed over to the Residential Zone Association. PROVIDED HOWEVER, prior to handing over the Maintenance Security Deposit to the respective Associations, the Promoter shall be fully entitled and the Allottee hereby authorises the Promoter to deduct any/all amount of expenditure made by it towards the management, maintenance, upkeep and security of the Common Areas out of deposits as well as the non-receipt of any Maintenance Charges from the Allottee and the Promoter shall be liable to give due account of such deductions to the respective Associations.
Maintenance Security Deposit. An interest free corpus deposit calculated at the rate of Rs 59/- (Forty) per square feet of the Apartment Carpet Area (“Maintenance Security Deposit”) for the Apartment shall be paid by the Allottee to the Promoter, on or before a date to be notified by the Promoter which date shall not be a date later than the Possession Date. The amount of such Maintenance Security Deposit payable shall be intimated by the Promoter on or before possession date. The Maintenance Security Deposit shall be used by the Promoter /Association for repair of the Complex or equipments provided therein. 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 without interest when incorporated.
Maintenance Security Deposit. An interest free corpus deposit (“Maintenance Security Deposit”) for the Flat/ Apartment/Unit shall be paid by the Allottee/Purchaser to the PROMOTER/DEVELOPER on or before taking over possession of the Flat/Apartment/Unit. The Maintenance Security Deposit is Rs. 36/- (Rupees thirty six only) per sq. ft. of the carpet area of the Flat/Apartment/Unit and the same shall be used by the PROMOTER/DEVELOPER or Association of Allottees/Purchasers for repair of Common Areas, facilities and equipment provided in the Housing Project. Notwithstanding the above, the PROMOTER/ DEVELOPER reserves the right to utilize this deposit to adjust any realizable dues from the Allottee/Purchaser. The unused portion of the Maintenance Security Deposit shall be transferred to the Association of Allottees/Purchasers.
Maintenance Security Deposit. An interest free corpus deposit (“Maintenance Security Deposit”) for the Flat/ Apartment/Unit shall be paid by the Allottee/Purchaser to the VENDOR/ DEVELOPER/LANDOWNER No. 2/PROMOTER No. 2 on or before taking over possession of the Flat/Apartment/Unit. The Maintenance Security Deposit is Rs. 36/- (Rupees thirty six only) per sq. ft. of the carpet area of the Flat/Apartment/Unit and the same shall be used by the VENDOR/DEVELOPER/LANDOWNER No. 2/ PROMOTER No. 2 or Association of Allottees/Purchasers for repair of Common Areas, facilities and equipment provided in the Housing Project. Notwithstanding the above, the VENDOR/DEVELOPER/LANDOWNER No. 2/PROMOTER No. 2 reserves the right to utilize this deposit to adjust any realizable dues from the Allottee/ Purchaser. The unused portion of the Maintenance Security Deposit shall be transferred to the Association of Allottees/Purchasers.
Maintenance Security Deposit. An interest free corpus deposit calculated at the rate of Rs. 36/- (Rupees thirty six only) per sq. ft. of the Flat/Apartment/Unit Carpet Area (“Maintenance Security Deposit”) for the Apartment shall be paid by the Allottee/Purchaser to the PROMOTER/DEVELOPER, on or before a date to be notified by the PROMOTER/DEVELOPER which date shall not be a date later than the Possession Date. The amount of such Maintenance Security Deposit payable shall be intimated by the PROMOTER/DEVELOPER on or before possession date. The Maintenance Security Deposit shall be used by the PROMOTER/DEVELOPER or Association of Allottees/ Purchasers for repair of the Housing Complex or equipments provided therein. Notwithstanding the above, the PROMOTER/DEVELOPER reserves the right to utilize this deposit to adjust any realizable dues from the Allottee/Purchaser. The unused portion of the Maintenance Security Deposit shall be transferred to the Association of the Allottees/ Purchasers without interest when incorporated.
