Common use of Service Charges and Taxes Clause in Contracts

Service Charges and Taxes. (i) The Allottee will be required to pay Service charges on Fixed Maintenance Charges as mentioned in Clause 6.5.1(ii) to the Maintenance Agency. The tentative Service Charges is Rs. 0.71 per sqft of Carpet Area per month. The Fixed Maintenance Charges on each Unit along with Service Charge is elaborated in Schedule II (A). The said Service Charges shall increase every year in proportion of the increase in Fixed Maintenance Charges. Therefore, for eg if the current Fixed Maintenance Charges for a 3 BHK +2 T unit is Rs. 2836/- for a month and Service Charges is Rs710/- and if the Fixed Maintenance Charges increase by 10% from Rs. 2836/- per month to Rs. 3120/- per month, then the Service Charge shall also increase by 10% from Rs. 710/ per month to Rs. 781 per month and the total Fixed Maintenance Charges will be Rs. 3901/- for the month.

Appears in 2 contracts

Samples: Draft Maintenance Agreement, Draft Maintenance Agreement

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Service Charges and Taxes. (i) The Allottee Allottee(s) will be required to pay Service charges on Fixed Maintenance Charges as mentioned in Clause 6.5.1(ii6.4.1(ii) to the Maintenance Agency. The tentative Service Charges is Rs. 0.71 0.51 per sqft sq.ft. of Carpet Area per month. The Fixed Maintenance Charges on each Unit along with Service Charge is elaborated in Schedule II (A). The said Service Charges shall increase every year in proportion of the increase in Fixed Maintenance Charges. Therefore, for eg if the current Fixed Maintenance Charges for a 3 BHK +2 T 2BHK+2 unit is Rs. 2836/- 2002/- for a month and Service Charges is Rs710/- Rs 663/- and if the Fixed Maintenance Charges increase by 10% from Rs. 2836/- Rs 2002/- per month to Rs. 3120/- 2202.2/- per month, then the Service Charge shall also increase by 10% from Rs. 710/ 663/- per month to Rs. 781 729.3 per month and the total Fixed Maintenance Charges will be from Rs. 3901/- 2665/- for the month, to Rs. 2931.5 for the month.

Appears in 1 contract

Samples: Maintenance Agreement

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Service Charges and Taxes. (i) The Allottee will be required to pay Service charges on Fixed Maintenance Charges as mentioned in Clause 6.5.1(ii) to the Maintenance Agency. The tentative Service Charges is Rs. 0.71 0.684 per sqft of Carpet Usable Area per month. The Fixed Maintenance Charges on each Unit along with Service Charge is elaborated in Schedule II (A). The said Service Charges shall increase every year in proportion of the increase in Fixed Maintenance Charges. Therefore, for eg if the current Fixed Maintenance Charges for a 3 2 BHK +2 T unit Type A is Rs. 2836/- 2340/- for a month and Service Charges is Rs710/- Rs585/- and if the Fixed Maintenance Charges increase by 10% from Rs. 2836/- 2340/- per month to Rs. 3120/- 2574/- per month, then the Service Charge shall also increase by 10% from Rs. 710/ 585/ per month to Rs. 781 644 per month and the total Fixed fixed Maintenance Charges will be Rs. 3901/- 3218/- for the month.

Appears in 1 contract

Samples: Maintenance Agreement

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