Common use of Costs of Maintenance Clause in Contracts

Costs of Maintenance. 18.1 The Allotees shall be liable to remit the proportionate maintenance charges (“Maintenance Charges”) with respect to their respective Apartments and for the common expenses for the operation, management, maintenance, repairs, replacements and/or renovation of the Common Portions to be calculated at the rate to be determined by the 18.2 Payment of the Maintenance Charges will be made in advance before the 7th day of the month for which the same is payable. The initial amount of the same will be provisionally assessed by the Developer and the Apartment Acquirers will pay the same to the Developer till such time the Association is not formed and the management and control of Complex is not handed over to the Association by the Developer. 18.3 The allottees will pay in advance the maintenance charges @ Rs.1.50 per sqft or at actual whichever is higher and deposit 12 months of charges calculated @ Rs. 1.50 per sqft per month as advance maintenance charges along with the final payment. Developer will maintain the Project for initial 12 months and then hand over the maintenance of the Project to the Owner’s Association.

Costs of Maintenance. 18.1 The Allotees shall be liable to remit the proportionate maintenance charges (“Maintenance Charges”) with respect to their respective Apartments and for the common expenses for the operation, management, maintenance, repairs, replacements and/or renovation of the Common Portions to be calculated at the rate to be determined by the 18.2 Payment of the Maintenance Charges will be made in advance before the 7th day of the month for which the same is payable. The initial amount of the same will be provisionally assessed by the Developer and the Apartment Acquirers will pay the same to the Developer till such time the Association is not formed and the management and control of Complex is not handed over to the Association by the Developer. . 18.3 The allottees will pay in advance the maintenance charges @ Rs.1.50 per sqft or at actual whichever is higher and deposit 12 months of charges calculated @ Rs. 1.50 1..50 per sqft per month as advance maintenance charges along with the final payment. Developer will maintain the Project for initial 12 months and then hand over the maintenance of the Project to the Owner’s Association.