Common use of Maintenance Security Deposit Clause in Contracts

Maintenance Security Deposit. An interest free corpus deposit calculated at the rate of Rs. /- ( ) per square feet of the Apartment Carpet Area (“Maintenance Security Deposit”) for the Apartment shall be paid by the Allottee to the Owner, on or before a date to be notified by the Owner 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 Owner on or before possession date. The Maintenance Security Deposit shall be used by the Owner /Association for repair of the Complex or equipments provided therein. 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 without interest when incorporated.

Maintenance Security Deposit. An interest free corpus deposit calculated at the rate of Rs. /- ( Rs 15 (fifteen) per square feet sq ft of the Apartment Carpet Area (“Maintenance Security Deposit”) for the Apartment shall be paid by the Allottee to the OwnerDeveloper, on or before a date to be notified by the Owner 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 Owner Developer on or before possession date. The Maintenance Security Deposit shall be used by the Owner /Association Developer/ Association for repair of the Complex or equipments provided therein. Notwithstanding the above, the Owner 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. 2.

Maintenance Security Deposit. An interest free corpus deposit calculated at the rate of Rs. /- ( Rs 18 (EIGHTEEN) per square feet sq ft (FOR 1 YEAR) of the Apartment Carpet Area (“Maintenance Security Deposit”) for the Apartment shall be paid by the Allottee to the OwnerDeveloper, on or before a date to be notified by the Owner 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 Owner Developer on or before possession date. The Maintenance Security Deposit shall be used by the Owner /Association Developer/ Association for repair of the Complex or equipments provided therein. Notwithstanding the above, the Owner 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. /- ( Rs 18 (eighteet) per square feet sq ft of the Apartment Carpet Area (“Maintenance Security Deposit”) for the Apartment shall be paid by the Allottee to the OwnerDeveloper, on or before a date to be notified by the Owner 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 Owner Developer on or before possession date. The Maintenance Security Deposit shall be used by the Owner /Association Developer/ Association for repair of the Complex or equipments provided therein. Notwithstanding the above, the Owner 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. /- ( Rs 15 (fifteen) per square feet sq ft of the Apartment Carpet Area (“Maintenance Security Deposit”) for the Apartment shall be paid by the Allottee to the OwnerDeveloper, on or before a date to be notified by the Owner 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 Owner Developer on or before possession date. The Maintenance Security Deposit shall be used by the Owner /Association Developer/ Association for repair of the Complex or equipments provided therein. Notwithstanding the above, the Owner 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.