APPLICATION
: Application for
allotment on enclosed APPLICATION FORM along with Earnest Money
(EM) of Tk. 1.50 (One Point Five) lac and Down Payment as token
of acceptance, an allotment letter will follow.
PAYMENTS
: Balance shall be payable in monthly/ equal
instalments/ as per payment schedule by post dated A/C Payee
cheques in favour of FAMILY LIVING LTD. on accepting the application
with earnest money. Bangladeshis residing abroad may make all
the payments in foreign exchange as per exchange rate issued
by the Bangladesh Bank as on the date of payment received. The
Company shall not take responsibility for any cash payment made
without proper money receipt.
DELAY
IN PAYMENTS : Allottee will be liable to
pay delinquent charge of 3.0% (Three percent) per month on the
amount due.
CANCELLATION OF ALLOTMENT : If any
cheque is dishonoured twice by the Bank and any payment is delayed
by more than 60 (Sixty) days, FAMILY LIVING LTD. shall have
the right to cancel the allotment without any notice and the
amount paid by the Allottee will be returned except Earnest
Money (EM).
Before Registration and handing
over of the apartment to the Allotee, the apartment can not
be transferred to any other person/s by the Allottee.
DEED OF AGREEMENT : After adjustment of 50%
of total price, FAMILY LIVING LTD. & the Allottee shall
execute a Deed of Agreement.
POSSESSION
& LAND TRANSFER : Possession and title
of the apartment shall rest with Family Living Ltd. until
full adjustment of the instalments and all other charges/dues
including extra charges for delayed payment are made. Allottee
will own a proportionate share of the land on which the building
is situated.
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DOCUMENTATION
COST : The Allottee shall bear all costs related
with stamp duties, transfer fess, registration fees, Vat and
related all other taxes etc. including legal and miscellaneous
expenses likely to be incurred in connection with land &
apartment transfer.
UTILITIES COST : All
cost of equipment and connection Fees/charges, security deposits
and other incidental expenses relating to Gas, Power, Sewerage,
Water connection etc. will be on the Allottee’s account.
Allottee will be charged proportionately.
CHANGES : Minor
changes may be incorporated by FAMILY LIVING LTD. in design
and specification, should these become necessary. Minor internal
changes also may be done by the Allottee but it must be within
the possibilities and limitations of the total building system
and must be executed through FAMILY LIVING LTD. (Timeframe)
Allottee will not be permitted to execute any internal decoration
and/or woodwork before taking over of apartment from the Developer.
EXPECTED COMPLETION TIME:
Construction is scheduled to be completed by December
2008. The time schedule may be extended by a reasonable time
limit due to non availability of quality material/s and unforeseen
circumstances which are beyond the control of FAMILY LIVING
LTD.
ABANDON OF PROJECT : If the project
is abandoned for any reason beyond the control of FAMILY LIVING
LTD. such as acts of God, economic depression, policy of the
Govt. FAMILY LIVING LTD. will refund the entire money deposited
by the Allottee within 180 days from the announcement made to
this effect. Allottee will not be entitled to any other claim
whatsoever.
WELFARE ASSOCIATION : In the interest of all
the occupants of the complex a “Flat Owners’ Welfare
Association” will be formed and each Allottee, after payment
of all instalments and charges will be a member of the society.
Each Allottee must deposit Tk. 20,000/- for each apartment towards
the Reserved Fund before final documentation and taking the
possession of the apartment.
USE OF BUILDING : The
Apartment building / Apartments / Apartment can be used for
residential purpose only.
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