Examples of Apartment Area in a sentence
However, the area of the Apartment may increase or decrease upto a maximum of 2% (two percent) of the Apartment Area mentioned in the Application Form for which no claim will be entertained.
If due to such changes in Specifications and/or in the Apartment Area, the Total Price Payable increases, the Allottee shall be bound to pay such increase on demand by the Developer without any demur or protest, failing which the Developer shall be at liberty to cancel the Allotment and refund the amounts till then received after deducting an amount equal to 5% (five percent) of the Base Price.
If due to such changes in Specifications and/or in the Apartment Area, the Total Price Payable decreases, the Developer shall be bound to refund or adjust with any outstanding such decrease under intimation to the Allottee.
The documentation or legal fees shall be @ 1% (one percent) of the Price of the Apartment Area and other miscellaneous charges, taxes, levies or penalties in relation to the transfer of the Apartment including preparation of the Transfer Deed and other documents if any to be executed in pursuance thereof shall be paid by the Apartment Acquirer.
If any Apartment Acquirer fails to take actual physical possession of the Apartment within 60 (sixty) days from the Possession Date, the Apartment Acquirer shall become liable to pay to the Developer RS 1.50 (one rupee fifty paisa) per square feet of Apartment Area for each month of delay in taking possession as holding charges (“Holding Charges”).