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Terms
and Conditions |
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The intending
purchaser is to submit application in the
prescribed form available on free of cost
from the office of the company along with
booking money/down payment of minimum 30%
- 50% (thirty to fifty percent) of the total
flat value. |
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The intending purchaser is
to submit application in the prescribed form
available on free of cost from the office
of the company along with booking money/down
payment of minimum 30% - 50% (thirty to fifty
percent) of the total flat value. |
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The flat will be allotted on
first come first serve basis. |
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On receipt of application with
booking money/down payment an allotment letter
will be issued to the allottee. |
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Booking money/down
payment and other payment including additional
works etc. are to be paid to the
company in the form of cash/bank draft/pay
order against receipt to be issued by the
company. |
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After allotment of the flat
and on receipt of booking money/down payment,
a deed of agreement will be made containing
schedule of payment of total flat value, period
of construction, amenities to be provided
to the flat owners etc. |
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On payment
of entire dues pertaining to the flat/flats,
the Axis Link Properties & Developments
makes no delay to transfer the ownership of
flat/flats by registered deed of sale. |
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Bangladeshi citizens living
abroad can pay the flat value by cash/T.T./bank
draft in foreign currency. The foreign currency
will be converted to local currency on the
basis of exchange rate, which will prevail
then. |
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For transfer of apartment in
time the flat owners are to pay their installments
as per schedule given in the deed of agreement. |
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After payment of booking money/down
payment and on receipt of allotment letter
if for any reason the allottee refuses to
buy the flat and want refund of deposited
money then the allottee is to submit written
application within 30 (thirty) days from the
date of booking. In that case the entire deposit
will be refunded. If the application is submitted
after 30 (thirty) days from the date of booking
of the flat then the deposit will be refunded
after deduction of 20% (twenty percent from
the total deposited amount. |
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If any applicant pays the entire
flat value at a time on running projects then
10% (ten percent) concession may be allowed
to him/her on the total flat value. |
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Connection fee like electricity,
gas, water, sewerage etc. and the connection
charges thereof are not included in the flat
value. |
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For the interest of the purchasers
and on unavoidable reasons the Axis Link Properties
& Developments may bring minor internal
changes if required. |
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Those who do not pay installment
as per schedule, their allotments can be cancelled
after sending registered notice by post allowing
15 (fifteen) days time therein to pay the
installment. |
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Subject to payment of flat value
and other related expenses, Axis Link Properties
& Developments will hand over possession
of flat as per deed of agreement. |
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Land registration fee, sale
permission fees, stamp duty for transfer of
ownership, VAT on Govt. rate, additional charges
of documents in this connection will be borne
by the purchasers. |
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After taking over possession
of the flats, if any allottee/owner/purchaser
wants to bring changes in the structure or
layout plan, they must consult the same with
Axis Link Properties & Developments. Else
they themselves will remain responsible for
any such changes and its consequential affect.
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Construction
work may be delayed on account of natural
calamities, political unrest, strike, hartal
and other causes beyond the control of the
Company. |
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If the project
is cancelled for the reason beyond the control
of Axis Link Properties & Developments
then the company will refund the total deposit
within 60 (sixty) days from the date of cancellation
of the project. Under the circumstance the
purchasers cannot claim any compensation from
the company for cancellation. |
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After transfer
of the apartment, a co-operative society with
all the flat owners as member will be formed
for proper management & maintenance. To
meet expenses on this account, the flat owners
will create a common service fund and each
member will initially pay Tk. 25,000/- (Taka
twenty five thousand) only to the above fund.
This fund is to be deposited with the developer
who will extend all possible co-operations’
towards formation of the society and will
remain convener of the ad-hoc committee till
the society is formed and takes over the responsibility.
The above amount of Tk. 25,000/- (Taka twenty
five thousand) only is not included in the
flat value. |
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The Company
shall not undertake the finishing works etc
unless & until the Purchaser pays at least
75 % (Seventy Five) of the purchase price
of the demised flat. |
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