MANAGEMENT AND MAINTENANCE OF COMMON PORTION OF THE BLOCKS Clause Samples

MANAGEMENT AND MAINTENANCE OF COMMON PORTION OF THE BLOCKS. 5.1 The Sub-Lessor shall form Holding Organisation (H.O) and handover all common parts, portions and amenities exclusively in respect of block or blocks as mentioned in Part I, Part II and Part II of the Schedule – ‘G’ to the Holding Organisation who may nominate and/or appoint Facility Management Company (FMC) for all or part of the services for maintenance, and the said FMC or HO shall realize proportionate maintenance charges for the services of the Concerned Block / Blocks and common services between the l block A, B and Reserved portion. The proportionate amount shall be paid to the FMC/Sub Lessor for rendering common services as mentioned herein above. The Sub Lessor shall manage the common services between Block A, B, reserved portion & the Block C and shall realize proportionate cost and charges from concerned Block including Reserved Portion. The amount shall be paid to the Sub Lessor for rendering the services.,