Common use of Outgoings Clause in Contracts

Outgoings. i. From the Possession Date, the Allottee/s shall be liable to bear and pay the proportionate share of outgoings in respect of the Land and Tower namely local taxes, betterment charges or such other levies by the concerned local authority and/or Government water charges, insurance, common lights, repairs and salaries of clerks bill collectors, security agency, sweepers and all other expenses necessary and incidental to the management and maintenance of the Project Land and Building/s. ii. The Allottee/s shall pay to the Developer such proportionate share of outgoings as may be determined by the Association/Apex Body. The Allottee/s further agrees that till the Allottee/s’ share is so determined, the Allottee/s shall pay to the Developer provisional monthly contribution as determined by the Developer from time to time. The amounts so paid by the Allottee/s to the Developer shall not carry any interest and remain with the Developer until the common areas along with the common amenities is handed over to the Association/Apex body. On completion of such handing over of the common areas along with the common amenities the balance amount of deposits shall be paid over by the Developer to the Association/Apex body. iii. The Developer shall maintain a separate account in respect of sums received by the Developer from the Allottee/s as advance or deposit, sums received and retained by the Developer till the time the Association/ is formed, subsequently on account of Association or Apex Body or towards the out goings, legal charges and shall utilize the amounts only for the purposes for which they have been received. iv. In case the transaction being executed by this Agreement between the Developer and the Allottee is facilitated by a registered real estate agent/channel partner/broker, then all amounts (including taxes) agreed as payable remuneration/fees/charge for services/commission/brokerage to the registered real estate agent/channel partner/broker, shall be paid by the Developer/Allottee/both, as the case may be, in accordance with the agreed terms of payment.

Appears in 3 contracts

Samples: Sale Agreement, Sale Agreement, Sale Agreement

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Outgoings. i. From the Possession DateDate of Notice for Possession, the Allottee/s shall be liable to bear and pay the proportionate share of outgoings in respect of the Land and Tower namely local taxes, betterment charges or such other levies by the concerned local authority and/or Government water charges, insurance, common lights, repairs and salaries of clerks bill collectors, security agency, sweepers and all other expenses necessary and incidental to the management and maintenance of the Project Land and Buildingbuilding/s. ii. The Untill the conveyance of the structure of the Building(s)/Tower to the Association/Apex Body/Federation/Common Organisation, the Allottee/s shall pay to the Promoter/Owner/Developer such proportionate share of outgoings as may be determined by the Association/Apex Body/Federation/Common Organization. The Allottee/s further agrees that till the Allottee/s’ share is so determined, the Allottee/s shall pay to the Promoter/Owner/Developer provisional monthly contribution as determined by the Promoter/Owner/Developer from time to time. The amounts so paid by the Allottee/s to the Promoter/Owner/Developer shall not carry any interest and remain with the Promoter/Owner/Developer until the common areas along with the common amenities is handed over to the a conveyance in favour ofthe Association/Apex bodyBody/Federation/Common Organisation as aforesaid. On completion of such handing over of the common areas along with the common amenities conveyance being executed, the balance amount of deposits shall be paid over by the Promoter/Owner/Developer to the Association/Apex bodyBody/Federation/Common Organisation. iii. The Promoter/Owner/Developer shall maintain a separate account in respect of sums received by the Promoter/Owner/Developer from the Allottee/s as advance or deposit, sums received and retained by the Promoter/Owner/Developer till the time the Association/ Association/Apex Body/Federation/Common Organisation is formed, subsequently on account of Association or Apex Body Body/Federation/Common Organization or towards the out goings, legal charges and shall utilize the amounts only for the purposes for which they have been received. iv. In case the transaction being executed by this Agreement between the Developer and the Allottee Allottee/s is facilitated by a registered real estate agent/channel partner/broker, then all amounts (including taxes) agreed as payable remuneration/fees/charge for services/commission/brokerage to the registered real estate agent/channel partner/broker, shall be paid by the Developer/Allottee/s/both, as the case may be, in accordance with the agreed terms of payment.

Appears in 2 contracts

Samples: Sale Agreement, Agreement for Sale

Outgoings. i. From 15.1 Within 15 (fifteen) days after notice in writing is given by the Possession DatePromoter to the Allottee that the said Apartment is ready for use and occupancy, whether the Allottee/s possession of the said Apartment has been taken or not ,the Allottee shall be liable to bear and pay the outgoings in respect of the said Apartment and the proportionate share (i.e. in proportion to the carpet area of the said Apartment) of outgoings in respect of the Land and Tower namely said Real Estate Project , local taxes, betterment charges or such other levies by the concerned local authority and/or Government water charges, insurance, common lights, repairs and salaries of clerks clerks, bill collectors, security agencychowkidars, sweepers and all other expenses necessary and incidental to the management and maintenance of the said Real Estate Project and the said Project Land. Until the Association of Allottees is formed and the said structures and the Project Land and Building/s. ii. The Allottee/s of the Real Estate Project is transferred to it, the Allottee shall pay to the Developer Promoter such proportionate share of outgoings as may be determined by at the Association/Apex Bodysole discretion of the Promoter, from time to time. The Allottee/s Allottee further agrees that till the Allottee/s’ 's share is so determined, the Allottee/s Allottee shall pay to the Developer Promoter provisional monthly contribution per month towards the outgoings as may be determined by the Developer Promoter, from time to time. The amounts so paid by the Allottee/s Allottee to the Developer Promoter shall not carry any interest and remain with the Developer Promoter until a conveyance of the common areas along with structure of the common amenities said Building of the Real Estate Project and the Project Land is handed over to executed in favour of the Association/Apex bodyAssociation of Allottees as aforesaid. On completion of such handing over of conveyance being executed the common areas along with the common amenities the balance amount of aforesaid deposits (less deduction provided for in this Agreement) shall be paid over by the Developer Promoter to the Association/Apex bodyAssociation of Allottees, as the case may be. iii15.2 The Allottee shall on or before delivery of possession of the said Apartment keep deposited with the Promoter, the non-refundable amounts as mentioned in the Seventh Schedule hereunder written. The Developer Allottees shall promptly pay for any difference in the provisional amount and the actual amount of the deposits / charges / expenses / outgoings etc. as intimated by the Promoter. 15.3 The Promoter shall not be liable to pay any interest on the aforesaid amounts to the Allottee or the Association of the Allottee . The Promoter shall handover the receipts for the deposits placed for and on behalf of the Allottee with the concerned electricity / water / gas authorities in respect of the said Apartment to the Allottee or the Association of the Allottees . 15.4 The Promoter shall give account of the amounts as mentioned at serial numbers (1) to serial number (4) under Seventh Schedule hereunder written to the Association of Allottee /s , as the case may be, and handover the unutilized amount in these accounts at the time of handing over the maintenance to the Association of the Allottees, as the case may be. The balance amounts paid by the Allottees under Seventh Schedule hereunder written shall be used by the Promoter for the purposes set out therein. However, the Promoter shall not be liable to give any account in respect of the said amount or to refund or adjust the same to the Allottee or to the Association of the Allottees. 15.5 In addition to above, the Allottee agrees to bear and pay for additional electricity deposit, additional water deposit, additional gas deposit the payment of any tax, levy, deposit, stamp duty, registration fees, GST, administrative charges, fees, cess, duty and other levies and taxes, by whatever name called and as may be applicable and demanded by the Promoter and/or Government agency and/or any competent authority from time to time in respect of the said Apartment. 15.6 The Allottee shall pay to the Promoter legal charges mentioned in the Seventh Schedule hereunder written for meeting all legal costs, charges and expenses, including professional costs of the Attorney-at- Law/Advocates of the Promoter in connection with formation of the said Association of Allottees and for preparing its rules, regulations and bye- laws and the cost of preparing and engrossing the conveyance or assignment of lease. 15.7 The Promoter has informed the Allottee that there may be common access road, street lights, common recreation space, passages, electricity and telephone cables, water lines, gas pipelines, drainage lines, sewerage lines, sewerage treatment plant and other common amenities and conveniences in the layout of the Project Land. The Promoter has further informed the Allottee that all the expenses and charges of the aforesaid amenities and conveniences may be common and the Allottee alongwith other allottees of apartments in the Real Estate Project and/or on the Project Land, and the Allottee shall share such expenses and charges in respect thereof as also maintenance charges proportionately. Such proportionate amounts shall be payable by each of the allottees of apartments on the Real Estate Project including the Allottee herein and the proportion to be paid by the Allottee shall be determined by the Promoter and the Allottee agrees to pay the same regularly without raising any dispute or objection with regard thereto. 15.8 The Promoter shall maintain a separate account in respect of only those sums received by the Developer Promoter from the Allottee/s as advance or deposit, sums received and retained by the Developer till the time the Association/ is formed, subsequently on account of Association or Apex Body or towards the out goings, legal charges and shall utilize the amounts only for the purposes for which they have been received. iv. In case the transaction being executed by this Agreement between the Developer and the Allottee is facilitated by a registered real estate agent/channel partner/broker, then all amounts (including taxes) agreed as payable remuneration/fees/charge for services/commission/brokerage Promoter has to give account to the registered real estate agent/channel partner/broker, shall be paid by Association of the Developer/Allottee/both, as the case may be, in accordance with the agreed terms of paymentAllottees.

Appears in 1 contract

Samples: Sale Agreement

Outgoings. i. From the Possession Date, the Allottee/s shall be liable to bear and pay the proportionate share of outgoings in respect of the Land and Tower Project namely local taxes, betterment charges or such other levies by the concerned local authority and/or Government water charges, insurance, common lights, repairs and salaries of clerks bill collectors, security agency, sweepers and all other expenses necessary and incidental to the management and maintenance of the and the Project Land and Building/s.or structure therein. ii. The Until the conveyance of the structure of the Project to the common organization, the Allottee/s shall pay to the Developer Owner/Developer/Vendor such proportionate share of outgoings as may be determined by the Association/Apex Bodycommon organization. The Allottee/s further agrees that till the Allottee/s’ share is so determined, the Allottee/s shall pay to the Developer Owner/Developer/Vendor provisional monthly contribution as determined by the Developer Owner/Developer/Vendor from time to time. The amounts so paid by the Allottee/s to the Developer Owner/Developer/Vendor shall not carry any interest and remain with the Developer Owner/Developer/Vendor until the a conveyance in favour of common areas along with the common amenities is handed over to the Association/Apex bodyassociation as aforesaid. On completion of such handing over of the common areas along with the common amenities conveyance being executed the balance amount of deposits shall be paid over by the Developer Owner/Developer/Vendor to the Association/Apex bodycommon organization. iii. The Developer shall maintain a separate account in respect of sums received by the Developer from the Allottee/s as advance or deposit, sums received and retained by the Developer Owner/Developer/Vendor till the time the Association/ Association/Apex Body/Company is formed, subsequently on account of Association association or Apex Body Company or towards the out goings, legal charges and shall utilize the amounts only for the purposes for which they have been received. iv. In case the transaction being executed by this Agreement between the Developer Owner/Developer/Vendor and the Allottee Purchaser is facilitated by a registered real estate agent/channel partner/broker, then all amounts (including taxes) agreed as payable remuneration/fees/charge for services/commission/brokerage to the registered real estate agent/channel partner/broker, shall be paid by the DeveloperOwner/AllotteeDeveloper/ Vendor/Purchaser/both, as the case may be, in accordance with the agreed terms of payment.

Appears in 1 contract

Samples: Sale Agreement

Outgoings. i. From the Possession Date, the Allottee/s shall be liable to bear and pay the proportionate share of outgoings in respect of the Land and Tower Project namely local taxes, betterment charges or such other levies by the concerned local authority and/or Government water charges, insurance, common lights, repairs and salaries of clerks bill collectors, security agency, sweepers and all other expenses necessary and incidental to the management and maintenance of the and the Project Land and Building/s.or structure therein. ii. The Until the conveyance of the structure of the Project to the common organization, the Allottee/s shall pay to the Developer Promoter/Vendor such proportionate share of outgoings as may be determined by the Association/Apex Bodycommon organization. The Allottee/s further agrees that till the Allottee/s’ share is so determined, the Allottee/s shall pay to the Developer Promoter/Vendor provisional monthly contribution as determined by the Developer Promoter/Vendor from time to time. The amounts so paid by the Allottee/s to the Developer Promoter/Vendor shall not carry any interest and remain with the Developer Promoter/Vendor until the a conveyance in favour of common areas along with the common amenities is handed over to the Association/Apex bodyassociation as aforesaid. On completion of such handing over of the common areas along with the common amenities conveyance being executed the balance amount of deposits shall be paid over by the Developer Promoter/Vendor to the Association/Apex bodycommon organization. iii. The Developer Promoter/Vendor shall maintain a separate account in respect of sums received by the Developer Promoter/Vendor from the Allottee/s as advance or deposit, sums received and retained by the Developer Promoter/Vendor till the time the Association/ Association/Apex Body/Company is formed, subsequently on account of Association association or Apex Body Company or towards the out goings, legal charges and shall utilize the amounts only for the purposes for which they have been received. iv. In case the transaction being executed by this Agreement between the Developer Promoter/Vendor and the Allottee Purchaser is facilitated by a registered real estate agent/channel partner/broker, then all amounts (including taxes) agreed as payable remuneration/fees/charge for services/commission/brokerage to the registered real estate agent/channel partner/broker, shall be paid by the DeveloperPromoter/AllotteeVendor /Purchaser/both, as the case may be, in accordance with the agreed terms of payment.

Appears in 1 contract

Samples: Sale Agreement

Outgoings. i. From the Possession Date, the Allottee/s shall be liable to bear and pay the proportionate share of outgoings in respect of the Land and Tower Project namely local taxes, betterment charges or such other levies by the concerned local authority and/or Government water charges, insurance, common lights, repairs and salaries of clerks bill xxxx collectors, security agency, sweepers and all other expenses necessary and incidental to the management and maintenance of the and the Project Land and Building/s.or structure therein. ii. The Until the conveyance of the structure of the Project to the common organization, the Allottee/s shall pay to the Developer such proportionate share of outgoings as may be determined by the Association/Apex Bodycommon organization. The Allottee/s further agrees that till the Allottee/s’ share is so determined, the Allottee/s shall pay to the Developer provisional monthly contribution as determined by the Developer from time to time. The amounts so paid by the Allottee/s to the Developer shall not carry any interest and remain with the Developer until the a conveyance in favour of common areas along with the common amenities is handed over to the Association/Apex bodyassociation as aforesaid. On completion of such handing over of the common areas along with the common amenities conveyance being executed the balance amount of deposits shall be paid over by the Developer to the Association/Apex bodycommon organization. iii. The Developer shall maintain a separate account in respect of sums received by the Developer from the Allottee/s as advance or deposit, sums received and retained by the Developer till the time the Association/ Association/Apex Body/Company is formed, subsequently on account of Association association or Apex Body Company or towards the out goings, legal charges and shall utilize the amounts only for the purposes for which they have been received. iv. In case the transaction being executed by this Agreement between the Developer and the Allottee Purchaser is facilitated by a registered real estate agent/channel partner/broker, then all amounts (including taxes) agreed as payable remuneration/fees/charge for services/commission/brokerage to the registered real estate agent/channel partner/broker, shall be paid by the Developer/AllotteePurchaser/both, as the case may be, in accordance with the agreed terms of payment.

Appears in 1 contract

Samples: Agreement for Sale

Outgoings. i. From the Possession Date, the Allottee/s shall be liable to bear and pay the proportionate share of outgoings in respect of the Land and Buildings/Tower namely local taxes, betterment charges or such other levies by the concerned local authority and/or Government water charges, insurance, common lights, repairs and salaries of clerks bill xxxx collectors, security agency, sweepers and all other expenses necessary and incidental to the management and maintenance of the Project Land and Buildingbuilding/s. ii. The Until the conveyance of the structure of the Buildings/Tower to the common organization, the Allottee/s shall pay to the Developer such proportionate share of outgoings as may be determined by the Association/Apex Bodycommon organization. The Allottee/s further agrees that till the Allottee/s’ share is so determined, the Allottee/s shall pay to the Developer provisional monthly contribution as determined by the Developer from time to time. The amounts so paid by the Allottee/s to the Developer shall not carry any interest and remain with the Developer until the a conveyance in favour of common areas along with the common amenities is handed over to the Association/Apex bodyassociation as aforesaid. On completion of such handing over of the common areas along with the common amenities conveyance being executed the balance amount of deposits shall be paid over by the Developer to the Association/Apex bodycommon organization. iii. The Developer shall maintain a separate account in respect of sums received by the Developer from the Allottee/s as advance or deposit, sums received and retained by the Developer till the time the Association/ Association/Company is formed, subsequently on account of Association association or Apex Body Company or towards the out goings, legal charges and shall utilize the amounts only for the purposes for which they have been received. iv. In case the transaction being executed by this Agreement between the Developer and the Allottee Purchaser is facilitated by a registered real estate agent/channel partner/broker, then all amounts (including taxes) agreed as payable remuneration/fees/charge for services/commission/brokerage to the registered real estate agent/channel partner/broker, shall be paid by the Developer/AllotteePurchaser/both, as the case may be, in accordance with the agreed terms of payment.

Appears in 1 contract

Samples: Agreement for Sale

Outgoings. i. From the Possession Date, the Allottee/s Allottee shall be liable to bear and pay the proportionate share of outgoings in respect of the Land land and Tower namely local taxes, betterment charges or such other levies by the concerned local authority and/or Government water charges, insurance, common lights, repairs and salaries of clerks bill collectors, security agency, sweepers and all other expenses necessary and incidental to the management and maintenance of the Project Land and Building/s. ii. The Allottee/s Allottee shall pay to the Developer Developer/Lessee/Facility Management Company/Association such proportionate share of outgoings along with the applicable taxes as may be determined by the Developer/Lessee/Facility Management Company/Association/Apex Body. The Allottee/s Allottee further agrees that till the Allottee/s’ Allottee share is so determined, the Allottee/s Allottee shall pay to the Developer Developer/Lessee/Facility Management Company/Association provisional monthly contribution as determined by the Developer Developer/Lessee/Facility Management Company/Association from time to time. iii. The amounts so paid by the Allottee/s Allottee to the Developer Developer/Lessee shall not carry any interest and remain with the Developer Developer/Lessee until the common areas along with the common amenities is amenities, facilities and services are handed over to the Association/Apex body. On completion of such handing over of the common areas along with the common amenities amenities, facilities and services the balance amount of deposits shall be paid over by the Developer Developer/Lessee to the Association/Apex body. iiiiv. The Developer Developer/Lessee shall maintain a separate account in respect of sums received by the Developer Developer/Lessee from the Allottee/s Allottee as advance or deposit, sums received and retained by the Developer Developer/Lessee till the time the Association/ Association is formed, subsequently on account of Association or Apex Body or towards the out goings, legal charges and shall utilize the amounts only for the purposes for which they have been received. iv. In case the transaction being executed by this Agreement between the Developer and the Allottee is facilitated by a registered real estate agent/channel partner/broker, then all amounts (including taxes) agreed as payable remuneration/fees/charge for services/commission/brokerage to the registered real estate agent/channel partner/broker, shall be paid by the Developer/Allottee/both, as the case may be, in accordance with the agreed terms of payment.

Appears in 1 contract

Samples: Not Specified

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Outgoings. i. From 16.1 Within 15 (fifteen) days after notice in writing is given by the Possession DatePromoter to the Allottee that the said Apartment is ready for use and occupancy, whether the Allottee/s possession of the said Apartment has been taken or not ,the Allottee shall be liable to bear and pay the outgoings in respect of the said Apartment and the proportionate share (i.e. in proportion to the carpet area of the said Apartment) of outgoings in respect of the said Project Land and Tower namely the said Building/s / the said Real Estate Project / the Happinest-Palghar Project 1, local taxes, betterment charges or such other levies by the concerned local authority and/or Government water charges, insurance, common lights, repairs and salaries of clerks bill xxxx collectors, security agencychowkidars, sweepers and all other expenses necessary and incidental to the management and maintenance of the said building/s / the said Real Estate Project Land / the Happinest-Palghar Project 1 and the said Project Land. Until the Association of Allottees is formed and the said structure of the said Building/s. ii. The Allottee/s or the Real Estate Project is transferred to it, the Allottee shall pay to the Developer Promoter such proportionate share of outgoings as may be determined by at the Association/Apex Bodysole discretion of the Promoter from time to time. The Allottee/s Allottee further agrees that till the Allottee/s’ 's share is so determined, the Allottee/s Allottee shall pay to the Developer Promoter provisional monthly contribution per month towards the outgoings as may be determined by the Developer Promoter from time to time. The amounts so paid by the Allottee/s Allottee to the Developer Promoter shall not carry any interest and remain with the Developer Promoter until a conveyance of the common areas along with structure of the common amenities said Building or the Real Estate Project is handed over to executed in favour of the Association/Apex bodyAssociation of Allottees as aforesaid. On completion of such handing over conveyance being executed for the structure of the common areas along with said Building or the common amenities said Real Estate Project, the balance amount of aforesaid deposits (less deduction provided for in this Agreement) shall be paid over by the Developer Promoter to the Association/Association of Allottees, as the case may be. 16.2 The Allottee shall on or before delivery of possession of the said Apartment keep deposited with the Promoter, the following non-refundable amounts:- (i) Rs /- for share money, application entrance fee of the Association of Allottees / Apex body. (ii) Rs /- for formation and registration of the Association of Allottees / Apex body. (iii) Rs. The Developer shall maintain a separate account ....................../- for proportionate share of taxes and other charges/levies in respect of sums received the Association of Allottees. (iv) Rs. ....................../- for proportionate share of taxes and other charges/levies in respect of the Apex body. (v) Rs. ………………/- towards provisional monthly contribution for outgoings of Association of Allottees. (vi) Rs. ………………/- towards provisional monthly contribution for outgoings of Apex body (vii) Rs… /- for deposit towards water, electric and other utility and services connection charges. (viii) Rs ………………./- for deposits of electrical receiving station / Sub Station provided in the Project layout. (ix) Rs /- for gas connection deposit. The Allottees shall promptly pay for any difference in the provisional amount and the actual amount of the deposits / charges / expenses / outgoings etc. as intimated by the Developer from Promoter. 16.3 The Promoter shall not be liable to pay any interest on the Allottee/s as advance aforesaid amounts to the Allottee or deposit, sums received the Association of the Allottee / Apex Body. The Promoter shall handover the receipts for the deposits placed for and retained by on behalf of the Developer till Allottee with the time concerned electricity / water / gas authorities in respect of the Association/ is formed, subsequently said Apartment to the Allottee or the Association of the Allottees / Apex Body of the allottees of apartments constructed on the said Project Land. 16.4 The Promoter shall give account of Association or Apex Body or towards the out goings, legal charges share application money received under clause 16.2 (i) and shall utilize the amounts only for the purposes for which they have been received. iv. In case the transaction being executed by this Agreement between the Developer proportionate share of outgoings and the Allottee is facilitated by a registered real estate agent/channel partner/broker, then all amounts taxes received under clause 16.2 (including taxesiii) agreed as payable remuneration/fees/charge for services/commission/brokerage to 16.2 (vi) to the registered real estate agent/channel partner/broker, shall be paid by the Developer/Allottee/bothAssociation of Allottees / Apex Body, as the case may be, and handover the unutilized amount in accordance with these accounts at the agreed terms time of payment.handing over the maintenance to the Association of the Allottees / Apex Body, as the case may be. The amounts paid by the Allottees under clause 16.2 (ii) and 16.2 (vii) to

Appears in 1 contract

Samples: Sale Agreement

Outgoings. i. From the Possession Date, the Allottee/s shall be liable to bear and pay the proportionate share of outgoings in respect of the Land and Tower Project namely local taxes, betterment charges or such other levies by the concerned local authority and/or Government water charges, insurance, common lights, repairs and salaries of clerks bill collectors, security agency, sweepers and all other expenses necessary and incidental to the management and maintenance of the and the Project Land and Building/s.or structure therein. ii. The Until the conveyance of the structure of the Project to the common organization, the Allottee/s shall pay to the Developer Vendor such proportionate share of outgoings as may be determined by the Association/Apex Bodycommon organization. The Allottee/s further agrees that till the Allottee/s’ share is so determined, the Allottee/s shall pay to the Developer Vendor provisional monthly contribution as determined by the Developer Vendor from time to time. The amounts so paid by the Allottee/s to the Developer Vendor shall not carry any interest and remain with the Developer Vendor until the a conveyance in favour of common areas along with the common amenities is handed over to the Association/Apex bodyassociation as aforesaid. On completion of such handing over of the common areas along with the common amenities conveyance being executed the balance amount of deposits shall be paid over by the Developer Vendor to the Association/Apex bodycommon organization. iii. The Developer Vendor shall maintain a separate account in respect of sums received by the Developer Vendor from the Allottee/s as advance or deposit, sums received and retained by the Developer Vendor till the time the Association/ Association/Apex Body/Company is formed, subsequently on account of Association association or Apex Body Company or towards the out goings, legal charges and shall utilize the amounts only for the purposes for which they have been received. iv. In case the transaction being executed by this Agreement between the Developer Vendor and the Allottee Purchaser is facilitated by a registered real estate agent/channel partner/broker, then all amounts (including taxes) agreed as payable remuneration/fees/charge for services/commission/brokerage to the registered real estate agent/channel partner/broker, shall be paid by the DeveloperOwner/AllotteeVendor/Purchaser/both, as the case may be, in accordance with the agreed terms of payment.

Appears in 1 contract

Samples: Agreement for Sale

Outgoings. i. From the Possession Date, the Allottee/s shall be liable to bear and pay the proportionate share of outgoings in respect of the Land and Tower namely local taxes, betterment charges or such other levies by the concerned local authority and/or Government water charges, insurance, common lights, repairs and salaries of clerks bill collectors, security agency, sweepers and all other expenses necessary and incidental to the management and maintenance of the Project Land and Building/s. ii. The the Allottee/s shall pay to the Developer such proportionate share of outgoings as may be determined by the Association/Apex Body. The Allottee/s further agrees that till the Allottee/s’ share is so determined, the Allottee/s shall pay to the Developer provisional monthly contribution as determined by the Developer from time to time. The amounts so paid by the Allottee/s to the Developer shall not carry any interest and remain with the Developer until the common areas along with the common amenities is handed over to the Association/Apex body. On completion of such handing over of the common areas along with the common amenities the balance amount of deposits shall be paid over by the Developer to the Association/Apex body. iii. The Developer shall maintain a separate account in respect of sums received by the Developer from the Allottee/s as advance or deposit, sums received and retained by the Developer till the time the Association/ is formed, subsequently on account of Association or Apex Body or towards the out goings, legal charges and shall utilize the amounts only for the purposes for which they have been received. iv. In case the transaction being executed by this Agreement between the Developer and the Allottee is facilitated by a registered real estate agent/channel partner/broker, then all amounts (including taxes) agreed as payable remuneration/fees/charge for services/commission/brokerage to the registered real estate agent/channel partner/broker, shall be paid by the Developer/Allottee/both, as the case may be, in accordance with the agreed terms of payment.

Appears in 1 contract

Samples: Sale Agreement

Outgoings. i. From the Possession Date, the Allottee/s shall be liable to bear and pay the proportionate share of outgoings in respect of the Land and Tower Project namely local taxes, betterment charges or such other levies by the concerned local authority and/or Government water charges, insurance, common lights, repairs and salaries of clerks bill collectors, security agency, sweepers and all other expenses necessary and incidental to the management and maintenance of the and the Project Land and Building/s.or structure therein. ii. The Until the conveyance of the structure of the Project to the common organization, the Allottee/s shall pay to the Developer Promoter/Vendor such proportionate share of outgoings as may be determined by the Association/Apex Bodycommon organization. The Allottee/s further agrees that till the Allottee/s’ s‟ share is so determined, the Allottee/s shall pay to the Developer Promoter/Vendor provisional monthly contribution as determined by the Developer Promoter/Vendor from time to time. The amounts so paid by the Allottee/s to the Developer Promoter/Vendor shall not carry any interest and remain with the Developer Promoter/Vendor until the a conveyance in favour of common areas along with the common amenities is handed over to the Association/Apex bodyassociation as aforesaid. On completion of such handing over of the common areas along with the common amenities conveyance being executed the balance amount of deposits shall be paid over by the Developer Promoter/Vendor to the Association/Apex bodycommon organization. iii. The Developer Promoter/Vendor shall maintain a separate account in respect of sums received by the Developer Promoter/Vendor from the Allottee/s as advance or deposit, sums received and retained by the Developer Promoter/Vendor till the time the Association/ Association/Apex Body/Company is formed, subsequently on account of Association association or Apex Body Company or towards the out goings, legal charges and shall utilize the amounts only for the purposes for which they have been received. iv. In case the transaction being executed by this Agreement between the Developer Promoter/Vendor and the Allottee Purchaser is facilitated by a registered real estate agent/channel partner/broker, then all amounts (including taxes) agreed as payable remuneration/fees/charge for services/commission/brokerage to the registered real estate agent/channel partner/broker, shall be paid by the DeveloperPromoter/AllotteeVendor /Purchaser/both, as the case may be, in accordance with the agreed terms of payment.

Appears in 1 contract

Samples: Sale Agreement

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