ALLOTMENT TRANSFER & CHANGE: * Until making the full payment, installments and other charges, the buyer shall have no right to transfer the
allotment to a third party except the buyer's wife/husband of children without the written approval of the company. In this respect, charges will be applicable in both (Successor & Third-party) cases.
* If any purchaser/buyer wants to change his apartment, he
must pay TK. 1,50,000/= (Taka One Lac Fifty
Thousand) in favor of the company for the new allocation. TERMS & CONDITIONS
REGISTRATION :
The company will register a deed of sale in favor of the buyer after receiving the price in full. The purchaser/buyer shall bear all costs relating to stamp papers and all taxes (such as Registration Fee, Gain Tax, Stamp Duties, VAT, etc.) registration of the deed of sale on the valuation of the space with a proportionate share of land power of attorney (if any) legal costs or any other charges imposed by the government in connection with a transference of the apartment will be bearded by the allottee. INCIDENTAL COST:
Connection charges/expenses relating to gas, water, sewerage, and electric connection, etc. The purchaser will also make the payment in favor of the company. APPLICATION : * All interested buyers will need to apply for allotment on a prescribed application form (supplied by the
company) duly signed by the application along with the Earnest Money. Allotment will be made o a first serve basis. Allotment of the apartment is made and confirmed only upon receipt of the Earnest Money. The company reserves the right to accept or rejects an application without assigning an
PAYMENT: * The Purchaser will make the payment as per the payment schedule. All payment should be made by A/C payee
cheque or bank draft or pay order or cash in favor of Feedback Developers Limited. Payments from overseas in US Dollars will be calculated at the prevailing official conversion rate to Bangladesh Taka of the date of payment. SIGNING OF THE DEED OF AGREEMENT:
After confirmation of allotment, the buyer has to sign the deed of agreement within 30 (thirty) days from the date of making the payment of Earnest Money/ Down payment. FORCE MAJEURE :
In the event of natural calamity, civil war strike, the war, or any act of God beyond the control of the company then the company shall not be held liable for any result, delay, or abandoning the project. POSSESSION:
The possession of the handed over to the purchaser after completion of the construction works receiving total installments and other charges from the allottee. Until and unless the dues are paid, possession of the apartment will not be handed over to the allottee. OWNER'S ASSOCIATION : * Maintenance of all common services and facilities after completion of the project will be done by the respective
owner's co-operative society, which will be formed in due time. Each apartment owner will deposit Tk. 40,000 (Taka Forty Thousand) only to the company for the reserve fund of the society before taking possession of space. The income of the reserve fund shall be used for the maintenance and repair of common facilities of the project. Monthly establishment expenses including the electric charge for lift, each apartment owner shall pay to light the common area, pumps, proportionately as fixed by the society before taking processing of apartment. DELAY IN PAYMENT: * The allottee undertakes to pay delay charges at the rate of 1% per 10 days on the amount payment delayed
beyond the due date. If the payment delayed for 45 days the company shall have the right to cancel the allotment without any notice to the allottee. In such a case, buyers deposited amount will be refunded after the sale of the same apartment to a new buyer. Also an amount of TK. 1,50,000/= (Taka One Lac fifty Thousand) only will be deducted from the buyers deposited amount for incidental charges
Thank You.. FPL RIGHTS:
The company reserves the right to make changes in both the architectural and structural design of the project, limited changes can be made in specifications overall interest of the complex.
