Common use of Scope of Transfer Clause in Contracts

Scope of Transfer. 22.1.1 The developer shall maintain the complete project for 5 year after the completion of the project. During this period the developer will constitute a Residents Welfare Association (RWA) and will hand over the project to RWA. One time maintenance amount as decided by the Government/RHB in consultation with developer will have to be deposited by developer as a corpus amount in a separate maintenance fund after completion of the project, so that maintenance work is taken care of. Contribution by allottees of the houses can also be added to the corpus.

Appears in 5 contracts

Samples: Agreement, Agreement, Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.