Common use of Rate of Fees for Operation and Maintenance Clause in Contracts

Rate of Fees for Operation and Maintenance. The Developer shall be entitled to recover the Fees from the Residential Unit owners from the date of execution of the relevant Lease deed with the Residential Unit owners. The Fees to be collected shall have a direct correlation with the area of Residential Units owned by the Residential Unit owners. The Fees to be collected shall be specified by the Developer at the time of issuance of application form for marketing of the Project. The Operation and Maintenance fee shall be fixed for at least three years at one stretch. The Fees to be recovered from the Residential Unit owners should be in consonance with the expenses incurred by the Developer/Operator, as the case may be for the purpose thereof.

Rate of Fees for Operation and Maintenance. The Developer shall be entitled to recover the Fees from the Residential Unit owners from the date of execution of the relevant Lease deed with the Residential Residential/Commercial Unit owners. The Fees to be collected shall have a direct correlation with the area of Residential Residential/Commercial Units owned by the Residential Residential/Commercial Unit owners. The Fees to be collected shall be specified by the Developer at the time of issuance of application form for marketing of the Project. The Operation and Maintenance fee shall be fixed for at least three years at one stretch. The Fees to be recovered from the Residential Residential/Commercial Unit owners should be in consonance with the expenses incurred by the Developer/Operator, as the case may be for the purpose thereof.

Rate of Fees for Operation and Maintenance. The Developer shall be entitled to recover the Fees from the Residential Unit owners from the date of execution of the relevant Lease deed with the Residential Unit owners. The Fees to be collected shall have a direct correlation with the area of Residential Units owned by the Residential Unit owners. The Fees to be collected shall be specified by the Developer at the time of issuance of application form for marketing of the Project. The Operation and Maintenance fee shall be fixed for at least three years at one stretch. The Fees to be recovered from the Residential Unit owners should be in consonance with the expenses incurred by the Developer/Operator, as the case may be for the purpose thereof.