QUIT RENTS ETC Sample Clauses
The 'Quit Rents Etc' clause defines the tenant's obligation to pay certain recurring charges associated with the property, such as quit rents, land taxes, or other similar outgoings that may be levied by authorities. Typically, this clause specifies that these payments are in addition to the rent and must be settled by the tenant as they become due, covering any government-imposed fees related to the occupation or use of the premises. Its core function is to ensure that the landlord is not held responsible for these statutory charges during the lease term, thereby allocating the financial responsibility for such outgoings to the tenant and preventing disputes over who must pay them.
QUIT RENTS ETC. Any arrears of maintenance charges, quit rent and assessments due and payable in respect of the property to any relevant authority or the Developer or Proprietor or relevant third parties up to the date of sale shall be paid out of the purchase money and any such sums due and payable after the date of sale shall be borne by the Purchaser.
14.1. The Purchaser shall within three (3) months from the date of auction sale notify the Assignee of any arrears of quit rent, assessment and maintenance charges excluding utilities bills which is due to any relevant authority or the developer up to date of the auction sale falling which the Assignee shall not be held liable for any claim (s) thereof. The Assignee, upon receipt of the request for extension in writing from the purchaser, may in its absolute discretion extend the notification period for a further thirty (30) days.
QUIT RENTS ETC. Any arrears of maintainence charges, quit rent and assessments, due and payable in respect of the property to any relevant authority or the Developer or Proprietor or relevant third parties up to the date of sale shall be paid out of the purchase money and any such sums due and payable after the date of sale shall be borne by the Purchaser.
14.1 The Purchaser shall within three (3) months from the date of auction sale notify the Assignee/Bank of any arrears of maintainence charges, quit rent and assessments excluding utilities bills which is due to any relevant authority or the developer up to date of the auction sale failing which the Assignee/Bank shall not be held liable for any claim (s) thereof. The Assignee/Bank, upon receipt of the request for extension in writing from the purchaser, may in its absolute discretion extend the notification period for a further thirty (30) days.
14.2 The Purchaser shall bear and pay all fees and expenses including but not limited to all legal fees, stamp duty and registration fees in connection with, incidental to or pursuant to the Assignment and all other documents necessary for affecting the transfer or assigning the beneficial ownership in the property to the Purchaser.
14.3 The Assignee/Bank shall not be liable to make payment or to deduct from the proceeds of sale any outstanding utilities bills relating to the property namely administrative fees, sinking fund, telephone, water, electricity, gas, sewerage charges or any other utilities.
QUIT RENTS ETC. 14.1 Any arrears of quit rents, taxes, rates and assessments due and payable in respect of the property to any relevant authority up to the date of the auction sale shall be paid out of the purchase money PROVIDED THAT the Assignee/Bank is in receipt of the itemised billing issued by relevant authority and/or Developer from the Purchaser within one hundred and twenty (120) days from the date of sale and any such sums due and payable after the date of sale shall be borne by the Purchaser.
14.2 For avoidance of doubt, in the event that such itemised billing is not submitted within the stipulated one hundred and twenty (120) days from the auction date, any subsequent claims pertaining to the arrears of quit rents, taxes, rates and assessments due and payable will not be entertained by the Assignee/Bank and the same shall be borne by the Purchaser solely
14.3 The Assignee/Bank shall not be liable to make payment or to deduct from the proceeds of sale any outstanding utilities bills relating to the property namely water, electricity, and gas or sewerage charges.
14.4 “Any arrears of maintenance charges, fees and outgoings due and payable in respect of the property to the developer and/or management body before and/or after the date of the auction shall be borne by the Purchaser. If any arrears of maintenance charges, fees and outgoings due and payable in respect of the property to the developer and/or management body before and/or after the date of the auction has been paid by the Assignee/Bank prior and/or after the date of auction, the Purchaser shall reimburse the same to the Assignee/Bank”.
QUIT RENTS ETC. Any arrears of maintenance charges, quit rent and assessments due and payable in respect of the property to any relevant authority or the Developer or Proprietor or relevant third parties up to the date of sale shall be paid out of the purchase money and any such sums due and payable after the date of sale shall be borne by the Purchaser.
14.1. The Purchaser shall within three (3) months from the date of auction sale notify the Assignee of any arrears of maintenance charges, quit rent and assessment due to any relevant authority or the developer up to date of the auction sale failing which the Assignee shall not be held liable for any claim (s) thereof. The Assignee, upon receipt of the request for extension in writing from the Purchaser, may in its absolute discretion extend the notification period for a further thirty (30) days.
14.2. The Purchaser shall bear and pay all fees and expenses including but not limited to all legal fees, stamp duty and registration fees in connection with, incidental to or pursuant to the Assignment and all other documents necessary for affecting the transfer or assigning the beneficial ownership in the property to the Purchaser.
14.3. The Assignee/Bank shall not be liable to make payment or to deduct from the proceeds of sale any outstanding utilities bills relating to the property namely administrative fees, sinking fund, telephone, water, electricity, gas, sewerage charges or any other utilities.
QUIT RENTS ETC. Any arrears of quit rents, assessments and maintenance charges, due and payable in respect of the property to any relevant authority or the Developer or Proprietor or relevant third parties including any such sums due and payable after the date of sale shall be borne by the Purchaser.
14.1 The Purchaser shall bear and pay all fees and expenses including but not limited to all legal fees, stamp duty and registration fees in connection with, incidental to or pursuant to the Assignment and all other documents necessary for affecting the transfer or assigning the beneficial ownership in the property to the Purchaser.
14.2 The Assignee/Bank shall not be liable to make payment or to deduct from the proceeds of sale any outstanding utilities bills relating to the property namely water, electricity and gas or sewerage charges.
QUIT RENTS ETC. Any arrears of maintenance charges, quit rent and assessments due and payable in respect of the property to any relevant authority or the Developer or Proprietor or relevant third parties up to the date of sale shall be paid out of the purchase money and any such sums due and payable after the date of sale shall be borne by the Purchaser. The outstanding payable by bank is after receipt of the balance of purchase price.
14.1. The Purchaser shall within three (3) months from the date of auction sale notify the Assignee of any arrears of quit rent, assessment and maintenance charges excluding utilities bills which is due to any relevant authority or the developer up to date of the auction sale falling which the Assignee shall not be held liable for any claim (s) thereof. The Assignee, upon receipt of the request for extension in writing from the purchaser, may in its absolute discretion extend the notification period for a further thirty (30) days.