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Terms & Conditions

Reservation
Application for reservation of apartment in TIMES MAPLE shall be made on the prescribe application form duly signed by the applicant with earnest money. Allotment will be made on first come first serve basis.

Allotment
After receipt of the application & booking money TIMES DEVELOPERS LTD. will issue an allotment latter & payment schedule. The applicant/allotter shall then start making payment as per the payment schedule.

Payments
All payments of booking money, installments, additional works & others charges shall be made by cross cheque, Bank draft pay order in favor of TIMES DEVELOPERS LTD. Against which proper receipts will be issued.

Foreigners & Bangladeshi residing abroad may make payment in foreign exchange by TT or DD as per exchange rate issued by Bangladesh bank as on the date of application and subsequently on the date of installment payment.

Schedule of Payment
A Deed of Agreement will be executed between the purchaser and the developer under some terms & conditions and  payment schedule after receiving the Down payment. The purchaser must strictly follow the payment schedule to ensure the timely completion of the project. Any delay in payment up to 2 installments will make the buyer liable to pay 5% interest per month on the payable amount. If the payment is delayed up to 3 installments, company will have the right to cancel the allotment and the money will be refunded after adequate money is received against that apartment and by deducting 5% Taka.

Loan
Should the allotter desire housing loan, the company will do all that is possible to help secure the loan.

Incidental Cost
Connection fees, security deposit & incidental expenses/charges relating to gas, water, sewerage, power and connection are not included in the price of the apartment. The buyer shall reimburse all the expenses incurred by the company on these accounts to the company proportionate to their share.

Registration Cost
The purchaser will bear all costs regarding to cost of Stamps, Registration Fees and VAT/TAX and related Legal Fees. The company will make necessary arrangements for such formalities.

Possession Handover
The possession of the Apartment and the parking space will be handed over after completing the project and on receipts of full payment of cost of the apartment and other charges.

Allotment Transfer
Until full payment of all installment & other charges, the buyer shall not have right to transfer the allotment to a third party.

Owners cooperative society
Every client must be a member of Owner cooperative society. The cooperative society will be formed by the owners of the apartment for the management of common service as well as maintenance.

Rights of the Company
The company reserves the right to accept or reject any application for the allotment. the company has the right to do minor changes in design. But if any major change is required then the company must consult with the purchasers before changes.
 

 

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