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TERMS AND CONDITIONS

1.That the seller shall be responsible to complete all relevant papers including construction work of the said Flats, and shall execute registration/transfer formalities of the above said Flats in the name of PURCHASER on the date as mutually agreed between both the parties.

2.That the payment of installment must be made within fifteen (15) days of given dates. The defaulters shall be liable to pay a penalty of 6% on due installments, per month. The allotment of Flats shall be treated as cancelled in case the due installment is not received within 60 days. The amount will be refunded to the purchaser after deducting 10 % of the total price of the Flats. Such refund will only be made after completion of the project once the said premises are sold to some other party.

3.That commencing from the date of notice given by the developer to the allottee that the Flat is ready for use and occupation, the allottee shall be liable to pay all taxes Central or Provincial if any. The possessions of the Flats will rest with the developer until the purchaser makes full payment and maintenance amount.

4.That the allottees are not allowed to sell the Flats before taking possession without prior written permission of the administration of Sea View Heights .

5.That after completion of the project the maintenance of the building, common services, amenities and common areas shall be looked after by the firm and actual maintenance charges shall be charged from the allottees.

6.That all common passages in building, services/amenities and landscape areas shall be neither be constructed upon or in appropriately utilized ,nor rented out but will be exclusively used for purposes these are meant for.

7.That the corridors provided at each floor shall not be used by any allottee for his/her personal use or for any other purpose.

8.That due to any technical reason the firm can change the layout or the design required by the authorities on site.

9.That the property rights of the exterior walls of the building of the sea view heights rest with the firm to avoid different type of color shades and designs of the outside walls of the building, any change in the color scheme of the exterior walls shall not be permitted, similarly, no projections/hooks/nails etc will be allowed to be constructed/fixed on the exterior walls of the building.

10.That the final letter of allotment will be issued on receipt of total payment and fulfillment of the aforementioned terms and conditions.

11.That the developers have the right to construct additional floors. The roof rights shall be the sole property of the developers.

12.That the annual ground rent, property tax charged from Sea View Heights will be equally borne by the allottees.

13.That the authority is responsible to provide electricity, if due to some reasons the authority fails to do the same, then all the expenditures incurred thereon shall be equally distributed among all the allottees of the Sea View Heights.

14.That the allottees shall comply with and abide by the rules, regulations, by laws, orders and/or directions that may be issued by the Sea View Heights/authority from time to time.

15.That there will be no escalation of the price for each Flat except due to unavoidable circumstances beyond the control of the builder such as war, natural calamity, civil commotion, change in the fiscal policy of the government etc.

16.That apart from the price of the Flats the allottee shall also pay documentation charges for transfer/registry.

17.That all disputes between the firm and the allottee relating to the Flat shall at first be mutually settled. If they fail to do so it shall be referred to the Arbitrator and the decision of the Arbitrator shall be final and binding on both parties.

 

 
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