Saleable Area definition
Saleable Area of a Flat shall mean the Built-Up Area of such Flat and the Proportionate Undivided Share attributable to such Flat.
Saleable Area means – (i) in relation to a unit enclosed by walls, the floor area of such unit (which includes the floor area of any balconies and verandahs), measured from the exterior of the enclosing walls of such unit except where such enclosing walls separate two adjoining units in which case the measurement is taken from the middle of those walls, and includes the internal partitions and columns within such unit; but excludes the common parts outside the enclosing walls of such unit Provided That if any of the enclosing walls abut onto a common area, then the whole thickness of the enclosing walls which so abut is included; (ii) in relation to any cockloft, the floor area of such cockloft measured from the interior of the enclosing walls of such cockloft; (iii) in relation to any bay window which does not extend to the floor level of a unit, the area of such bay window measured from the exterior of the enclosing walls or glass windows of such bay window and from the point where the bay window meets the wall dropping to the floor level of a unit but excluding the thickness of such wall; (iv) in relation to any parking space, the area of such parking space measured from the interior of its demarcating lines or enclosing walls, as the case may be; (v) in relation to any yard, terrace, garden, flat roof or roof, the area of such yard, terrace, garden, flat roof or roof measured from the interior of their boundary lines, and where the boundary consists of a wall, then it is measured from the interior of such wall; and where the Property consists of any of the above-mentioned items, the Saleable Area of each of such items is set out and described separately in Schedule 3; (u) “Statutory Declaration” means the Statutory Declaration of the Vendors’ Solicitor and all other solicitors (if any) acting for the Vendor registered in the Land Registry by Memorial No. [insert memorial number] in relation to the consent of the Director of Lands to sell the Property; and (v) “Vendor’s Solicitors” means Messrs. [insert name of solicitors’ firm of the vendor].
Saleable Area has the meaning given by section 8 of the Residential Properties (First-hand Sales) Ordinance (Cap. 621); (b) the floor area of an item under paragraph (a) of Schedule 4 is calculated in accordance with section 8(3) of that Ordinance; and (c) the area of an item under paragraph (b) of Schedule 4 is calculated in accordance with Part 2 of Schedule 2 to that Ordinance.] OR [In this Agreement, the area of the Property is measured from the centre of its demarcating lines or (if applicable) the interior face of the enclosing walls.] (3) In this Agreement, if the context permits or requires, the singular number includes the plural and the masculine gender includes the feminine and the neuter. Sale and purchase 2. The Vendor shall sell and the Purchaser shall purchase the Property TOGETHER with the right in common with the Vendor or other person or persons claiming through, under or in trust for the Vendor to use for the purpose of access to and egress from the Property the lifts, entrance hall, staircases and landings in the Development and such of the passages in the Development intended for common use and serving the Property and the appurtenances thereto and TOGETHER with all rights of way (if any) and other rights and all privileges, easements and appurtenances thereunto belonging or appertaining AND all the estate, right, title, interest, property, claim and demand whatsoever of the Vendor in and to the Property EXCEPTING AND RESERVING unto the Vendor and its successors and assigns other than the Purchaser the right to the exclusive use, occupation and enjoyment of the whole of the Development [including the external walls (if any) of the Property] SAVE AND EXCEPT - (1) the Property; and (2) such areas and facilities (if any) as may be designated as common areas or common parts and common facilities in the Deed of Mutual Covenant or are intended for common use.
Examples of Saleable Area in a sentence
Wherever in this Agreement it is stipulated that the Allottee has to make any payment, in common with other allottee(s) in Project, the same shall be the proportion which the Carpet, Built-up or Super Built-Up/ Saleable Area of the Designated Unit bears to the total Carpet, Built-up or Super Built-Up/ Saleable Area of the Project.
The Allottee shall pay a sum calculated @ 100/- (Rupees One Hundred Only.) Per Square feet of Saleable Area of the Unit Price or the consideration agreed upon by the Allottee herein for such Nomination (Nomination Price) whichever is higher, plus applicable taxes, as and by way of nomination fees to the Promoter and the Owner.
Sr. No. Entity Name Project Name/ Sector Acres Saleable Area (In sq.
The PURCHASER agree that if the Saleable Area of the flat/shop/Stilt Car Parking measured and quantified per the definition hereunder and certified as aforesaid on completion of construction of the Development, is found, to be greater than that specified in Schedule IA then in such an event they shall, on or before taking possession pay the Developer for the increased area on the basis of the sale price per unit area of the flat/shop/Stilt Car Parking.
Common Electricity – Common electricity expenses calculated at the rate of Rs. 30 per Sq. Ft. of the Super Built-Up/ Saleable Area being the supply charges, security deposit of CESC and miscellaneous expenses for the supply to the Project for Common Purposes to shall be payable by the Allottee at the time of execution of this Agreement.
More Definitions of Saleable Area
Saleable Area in case of buildings, means saleable area as determined by the approving authority or map approving authority or NESPAK under the relevant laws;
Saleable Area according to the context shall in relation to the said Unit in the Building mean and include the built-up area of the said Unit and proportionate share of the area of the Common Areas and Installations.
Saleable Area means : -
Saleable Area means the area as mentioned in Part II of the First Schedule hereunder written.
Saleable Area means the saleable area (in square feet) which is calculated in accordance with section 8 of the Residential Properties (First-hand Sales) Ordinance.
Saleable Area. , in brief, means the floor area of a residential property enclosed by walls, including the floor area of balcony, utility platform and verandah but excluding an air-conditioning plant room, bay window, cockloft, flat roof, garden, parking space, roof, stairhood, terrace and yard.
Saleable Area means the floor area of a unit enclosed by walls (inclusive of the floor area of any balconies, utility platforms and verandahs but exclusive of the Other Areas), which area (including any balcony, utility platform or verandah enclosed by walls) shall be measured from the exterior of the enclosing walls of such unit, balconies, utility platforms or verandahs (as the case may be) except where such enclosing walls separate two adjoining units, balconies, utility platforms or verandahs (as the case may be), in which case the measurement shall be taken from the middle of those walls, and shall include the internal partitions and columns within such unit, balconies, utility platforms or verandahs (as the case may be); but shall exclude the common parts outside the enclosing walls of such unit, balconies, utility platforms or verandahs (as the case may be), and for balconies, utility platforms or verandahs, shall exclude the whole thickness of the enclosing walls or boundary which abut onto the unit Provided That if any of the enclosing walls abut onto a common area, then the whole thickness of the enclosing walls which so abut shall be included. Where a balcony, utility platform or verandah is not enclosed by a solid wall, the floor area of such balcony, utility platform or verandah shall be measured from the external boundary of the said balcony, utility platform or verandah.