OWNERSHIP ACT 1972. 1.10 The Promoter agrees to pay all outgoings before deemed possession of the Row House / Bungalow to the Allottees, which it has collected from the Allottees, for the payment of outgoings (including land cost, ground rent, municipal or other local taxes, charges for water or electricity, maintenance charges(i.e 3 months’ from Notice of Possession), including mortgage loan and interest on mortgages or other encumbrances and such other liabilities payable to competent authorities, banks and financial institutions, which are related to the project). If the Promoter fails to pay all or any of the outgoings collected by it from the Allottees or any liability, mortgage loan and interest thereon before transferring Row House / Bungalow to the Allottees, the Promoter agrees to be liable, even after the transfer of the property, to pay such outgoings and penal charges, if any, to the authority or person to whom they are payable and be liable for the cost of any legal proceedings which may be taken therefor by such authority or person. Notwithstanding the above, it is provided that in so far as any taxes and levies with regard to the allotted Row House / Bungalow are concerned the same shall become due and payable by the Allottee from the date of Notice of possession.
OWNERSHIP ACT 1972. 1.10 The Promoter agrees to pay all outgoings before deemed possession of the row House or the Town House Unit to the Allottees, which it has collected from the Allottees, for the payment of outgoings (including land cost, ground rent, municipal or other local taxes, charges for water or electricity, maintenance charges(i.e 3 months’ from Notice of Possession), including mortgage loan and interest on mortgages or other encumbrances and such other liabilities payable to competent authorities, banks and financial institutions, which are related to the project). If the Promoter fails to pay all or any of the outgoings collected by it from the Allottees or any liability, mortgage loan and interest thereon before transferring the Unit to the Allottees, the Promoter agrees to be liable, even after the transfer of the property, to pay such outgoings and penal charges, if any, to the authority or person to whom they are payable and be liable for the cost of any legal proceedings which may be taken therefor by such authority or person.
OWNERSHIP ACT 1972. 1.10 The Promoter agrees to pay all outgoings before deemed possession of the Apartment to the Allottees, which it has collected from the Allottees, for the payment of outgoings (including land cost, ground rent, municipal or other local taxes, charges for water or electricity, maintenance charges(i.e 3 months’ from Notice of Possession), including mortgage loan and interest on mortgages or other encumbrances and such other liabilities payable to competent authorities, banks and financial institutions, which are related to the project). If the Promoter fails to pay all or any of the outgoings collected by it from the Allottees or any liability, mortgage loan and interest thereon before transferring Apartment, to the Allottees, the Promoter agrees to be liable, even after the transfer of the property, to pay such outgoings and penal charges, if any, to the authority or person to whom they are payable and be liable for the cost of any legal proceedings which may be taken therefor by such authority or person. Notwithstanding the above, it is provided that in so far as any taxes and levies with regard to the allotted Apartment are concerned the same shall become due and payable by the Allottee from the date of Notice of possession.
OWNERSHIP ACT 1972. The Promoter has assured the Allottees that the project in its entirety is in accordancewiththeprovisionsoftheWestBengalApartmentOwnershipAct,1972.ThePromo tershowingcompliance of various laws/regulations as applicable in the State of WestBengal.
OWNERSHIP ACT 1972. The Allottees of the project including the Occupant of the said Heritage Building shall, compulsory become a member of the said Association and apart from the said Association, the Allottes/s should not form or become member of any other Association. The Allottee is obliged to and will necessarily sign all applications, declarations, and relevant documents as may be required for formation of the said Association of Allottees, as and when required. The said Association shall be responsible to hold any program / occasion / social gathering / events within the said project/complex under the supervision of the Committee/sub-committee that will be formed by the members of the said Association for holding or conducting such events to avoid any conflict within the members of the Association. It is further recorded that as the occupant of the Heritage Building will use ‘Shared Common Amenities & Facilities’ shall be liable to share proportionate cost of maintenance of the said ‘Shared Common Amenities & Facilities’. Apart from sharing the proportionate cost of maintenance of ‘Shared Common Amenities & Facilities’ by the Owners and the Occupants of the Residential Building and the Occupants of the Heritage Building shall be also responsible to maintain their respective occupied areas. Save and except what is in this Agreement there shall be no sharing of Maintenance Charges between the Occupants of the Residential Areas and the Occupants of the Heritage Building areas. While forming the Apartment Owners Association of the Project it will be clearly mentioned/captured in the Form A to be submitted with the Authority for formation Association about the use of ‘Shared Common Amenities & Facilities’ and the mode of sharing of Maintenance Charges for the same.
OWNERSHIP ACT 1972. 1.10 The Developer agrees to pay all outgoings before deemed possession of Apartment to the Allottees, which it has collected from the Allottees, for the payment of outgoings (including land cost, ground rent, municipal or other local taxes, charges for water or electricity, maintenance charges including mortgage loan and interest on mortgages or other encumbrances and such other liabilities payable to competent authorities, banks and financial institutions, which are related to the project). If the Developer fails to pay all or any of the outgoings collected by it from the Allottees or any liability, mortgage loan and interest thereon before transferring the Apartment, to the Allottees, the Developer agrees to be liable, even after the transfer of the property, to pay such outgoings and penal charges, if any, to the authority or person.
OWNERSHIP ACT 1972. 9. That the Vendor hereby declare that the building situated on the property described in the First Schedule has been constructed as per the provisions of the West Bengal Apartment Ownership Act, 1972, as amended upto date.
OWNERSHIP ACT 1972. 2. At any time any dispute shall arise between the parties hereto regarding the construction or interpretation of any of the terms and conditions herein contained or touching there present or determination of any liability of the parties under the agreement. The same shall be referred to an Arbitrator for their protection, for Arbitration within the meaning of the Arbitration and Conciliation Act, 1996 or any statutory modifications there under enforced and the decision of the said Arbitrator will be binding on both the parties and both the parties have no objection to the same in any manner whatsoever.
