Common use of Maintenance Security Deposit Clause in Contracts

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 (“Maintenance Security Deposit”) for the Apartment shall be paid by the Allottee Purchaser to the Owner Promoter on or before taking over possession of the Apartment. The Maintenance Security Deposit is Rs. /- 10/- per square feet of the carpet super built-up area of the Apartment and the same shall be used by the OwnerPromoter/Association for repair of Common Areas, facilities and equipment provided in the Project. Notwithstanding the above, the Owner Promoter reserves the right to utilize this deposit to adjust any realizable dues from the AllotteePurchaser. 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 (“Maintenance Security Deposit”) for the Apartment shall be paid by the Allottee to the Owner Promoter 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 OwnerPromoter/Association for repair of Common Areas, facilities and equipment provided in the Project. Notwithstanding the above, the Owner 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.

Maintenance Security Deposit. An interest free corpus deposit (“Maintenance Security Deposit”) for the Apartment shall be paid by the Allottee to the Owner Promoter on or before taking over possession of the Apartment. The Maintenance Security Deposit is Rs. /- 59/- per square feet of the carpet area of the Apartment and the same shall be used by the OwnerPromoter/Association for repair of Common Areas, facilities and equipment provided in the Project. Notwithstanding the above, the Owner 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.