Common use of AMOUNT OF MAINTENANCE Clause in Contracts

AMOUNT OF MAINTENANCE. CHARGES IS AN ESTIMATE ONLY The figure of Maintenance Expenses provided in the Agreement is only an estimate and this approximate figure is not a commitment. The said amount is subject to inflation increases as per market factors (currently estimated @7.5 to 10 % per annum). The Unit Owners will be liable to pay the actual Maintenance Charges that will be worked out by the Maintenance In Charge at the end of the year. Audited accounts will be

AMOUNT OF MAINTENANCE. CHARGES IS AN ESTIMATE ONLY ESTIMATEONLY The figure of Maintenance Expenses provided in the Agreement is only an estimate and this approximate figure is not a commitment. The said amount is subject to inflation increases as per market factors (currently estimated @7.5 to 10 % per annum). The Unit Owners will be liable to pay the actual Maintenance Charges that will thatwill be worked out by the Maintenance In Charge at the end of the year. Audited accounts will be