Area Maintenance Charge definition

Area Maintenance Charge. The Allottee/s agrees to pay a sum of INR . 121920/- (Rupees One Lakh Twenty One Thousand Nine Hundred Twenty only) for a period of 7 months (“Initial Maintenance Period”) in advance besides the applicable GST, statutory levies at present and or in future, at the time of taking delivery of the possession of the said Apartment. The advance maintenance fee charges agreed under this clause is the subsidized rate offered to the Allottee/s, for the maintenance of the common areas, undertaken by the Promoter and may be subject to change at a future date in case the maintenance is handed over to their nominated Facility Management Company or one of their deputed agencies. The Maintenance fee shall cover housekeeping services for the common areas, security arrangement for the premises, diesel generator, WTP operation and maintenance, common area electricity bills, garbage disposal, sump/overhead tank cleaning charges and administration/supervisory expenses. The above mentioned amount shall be paid/become payable, by the Allottee/s on the date when the Promoter communicates their readiness to handover possession of the Schedule 'B' Property, irrespective of whether the possession is taken over by the Allottee/s.

Area Maintenance Charge. The Allottee/s agrees to pay a sum of INR . 158400/- (Rupees One Lakh Fifty Eight Thousand Four Hundred

Area Maintenance Charge. The Allottee agrees to pay a Eighty Three Thousand Eight Hundred

Examples of Area Maintenance Charge in a sentence

• The amount of the initial monthly Common Area Maintenance Charge shall be as specified in the Basic Lease Information.

• The initial Common Area Maintenance Charge, subject to adjustment as provided herein, shall be due and payable, as additional rent, at the same time and in the same manner as the time and manner of the payment of monthly rental as provided herein.

• Paragraph 4A Tenant’s Initial Monthly Escrow Payment for Taxes and Other Charges: $8,133.00* Paragraph 7 Tenant’s Initial Monthly Common Area Maintenance Charge : $2,911.58* Paragraph 13B Tenant’s Initial Monthly Insurance Escrow Payment: *Preliminary estimates only.

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• If any services or utilities to the Premises are jointly metered and such services are not otherwise included as a Common Area Maintenance Charge, Landlord shall determine, and Tenant shall pay, Tenant's share of the monthly costs of such utilities and services.

• Upon each Adjustment Date, the Monthly Common Area Maintenance Charge shall be adjusted upward for any changes in the Consumer Price Index in the same manner as provided in Section 4.1A above.

• Landlord may either (a) include such charges as a Common Area Maintenance Charge (b) bill Xxxant directly therefor, in which case, Tenant, upon presentation of a bill xxxrefor, shall pay Landlord, or its agent or assigns, for such maintenance service or costs, or (c) if such maintenance charges occur on a repeated basis, require Tenant to pay an estimated portion of such charges in the same manner and on the same terms as set forth in Section 5.5 of this Lease.

• The Common Area Maintenance Charge payable by Tenant to Landlord from and after the Surrender Date is per month, subject to adjustment pursuant to the terms of the Lease.

• Also included in the Common Area Maintenance Charge is an allowance in the amount of three percent (3%) of the total Minimum Guaranteed Rental amount for the Landlord's overhead, administrative, and management costs.

• Tenant’s share of trash costs for each succeeding Lease Year or partial Lease Year shall be estimated by Landlord at the beginning of each such Lease Year and subsequently adjusted in the manner provided in subparagraph (b) of this Paragraph 7 with respect to Common Area Maintenance Charge.

More Definitions of Area Maintenance Charge

Area Maintenance Charge. The Allottee/s agrees to pay a sum of INR .0 /- (Rupees Zero only) for a period of 7 months (“Initial Maintenance Period”) in advance besides the applicable GST, statutory levies at present and or in future, at the time of taking delivery of the possession of the said Apartment. The advance maintenance fee charges agreed under this clause is the subsidized rate offered to the Allottee/s, for the maintenance of the common areas, undertaken by the Promoter and may be subject to change at a future date in case the maintenance is handed over to their nominated Facility Management Company or one of their deputed agencies. The Maintenance fee shall cover housekeeping services for the common areas, security arrangement for the premises, diesel generator, WTP operation and maintenance, common area electricity bills, garbage disposal, sump/overhead tank cleaning charges and administration/supervisory expenses. The above mentioned amount shall be paid/become payable, by the Allottee/s on the date when the Promoter communicates their readiness to handover possession of the Schedule 'B' Property, irrespective of whether the possession is taken over by the Allottee/s.

Area Maintenance Charge. (as defined in Section 5.2) per month: $ 405.00 . --------------------- Initial "Insurance Escrow Payment" (as defined in Section 12.7) per month: $ 90.00 . --------------------- Initial "Tax Escrow Payment" (as defined in Section 17.2) per month: $ 630.00 . --------------------- *Rental: Months Monthly Payment ------ --------------- 1 - 12 $4,125.00 13 - 24 $4,500.00 25 - 60 $4,687.50