Common use of Maintenance Charges Deposit Clause in Contracts

Maintenance Charges Deposit. An amount calculated on the Chargeable Area of the said Apartment shall be paid by the Allottee as maintenance charges deposit estimated for One Year. This amount is payable by the Allottee to the Owners/Developer on or before Possession Date or as demanded. In case the maintenance charges/tax increase, the Allottee shall have to pay the increased amount of maintenance charges to the Owner/Developer. The Owner/Developer or the association maintaining the said Project shall raise bills on monthly basis with taxes (as applicable).

Maintenance Charges Deposit. An amount calculated on the Chargeable Area carpet area of the said Apartment shall be paid by the Allottee as maintenance charges deposit estimated for One Year. This amount is payable by the Allottee to the Owners/Developer on or before Possession Date or as demanded. In case the maintenance charges/tax increase, the Allottee shall have to pay the increased amount of maintenance charges to the Owner/Developer. The Owner/Developer or the association maintaining the said Project shall raise bills on monthly basis with taxes (as applicable).

Maintenance Charges Deposit. An amount calculated on the Chargeable Area/Saleable Area of the said Apartment shall be paid by the Allottee as maintenance charges deposit estimated for One Year. This amount is payable by the Allottee to the Owners/Developer on or before Possession Date or as demanded. In case the maintenance charges/tax increase, the Allottee shall have to pay the increased amount of maintenance charges to the Owner/Developer. The Owner/Developer or the association maintaining the said Project shall raise bills on monthly basis with taxes (as applicable).