Purchaser/Allottee to Participate in Formation of Association and Apex Body Sample Clauses

Purchaser/Allottee to Participate in Formation of Association and Apex Body. The Purchaser/Allottee admits and accepts that the Purchaser/Allottee and other intending Purchaser/Allottees of apartments in the Said Complex shall form the Association and the Purchaser/Allottee shall become a member thereof. Further, the Association shall be bound to form a common maintenance body with all similar associations of all building/s in the Other Residential Component for supervision of maintenance of the facilities common for occupants of the Said Complex ("Apex Body"). The Purchaser/Allottee shall bear and pay the proportionate expenses of the Association and the Apex Body and shall acquire and hold membership with voting rights and in this regard the Purchaser/Allottee shall sign, execute and deliver necessary applications and all other papers, declarations and documents as may be required. Notwithstanding formation of the Association and the Apex Body, the Manager shall look after the maintenance of the Common Areas. Each apartment owner will be entitled to cast a vote irrespective of his/her/its size of Apartment. The Purchaser/Allottee further admits and accepts that the Purchaser/Allottee shall ensure and not object to the Association joining the Apex Body.
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