Application:

All interested buyers will need to apply for allotment on a prescribed application from (supplied by company) duly signed by the applicant along with the booking money. Allotment will be made on fist come first server basis. Buyers wishing to make one-time payment in full shall be given a special discount on the price of the apartment.

Payment:

The purchases will make the payment as per payment schedule. All payment should be made by A/C payee check or bank draft or pay order or cash in favor of ARTISTIC PROPERTIES LTD. Payments from overseas in US Dollars will be calculated at the prevailing official conversion rate of Bangladesh take on the date of payment.

Signing Deed of Agreement:

After confirmation of allotment. The buyer has to sign the deed agreement within 30 (thirty) days from the date of making the payment of Booking money.

Possession:

The possession of the apartment will be handed over to the purchase after completion of installments and other charges. Until and unless the dues are not paid, possession of the apartment will not be handed over to the Purchaser.

Delay in Payment:

The purchaser undertakes to pay delay charges at the rate of 1% per 15 days on the amount of payment delayed beyond the due date. If the payment is delayed for 60 days, the company shall have the right to cancel the allotment without any notice to the purchaser. In such case buyers deposited amount will be refunded after sale out the same apartment will be dedicated from the buyers as incidental charges.

Price Fluctuation:

If the price of construction materials is in increased more than 10% of the booking time price then the buyer will pay the extra amount.

Artistic Properties Limited Right:

The Company reserves the right to make changes in booth architectural and structural design of the project.

Allotment Transfer:

Until making the full payment and other charges the buyer shall not have the right to transfer the allotment to third party other then the buyer’s wife/husband or children without written approval of the company.

Transfer and Registration Cost:

The Company will register a deed of sale in favor of the buyer after receiving the price in full. The buyer shall bear all costs relating to stamp papers and all taxes for (such as Transfer Fee, Stamp Duty, Gain tax, Registration fee etc.) for Registration of deed of sale on valuation of the space with proportionate share land. Or if any legal costs VAT or any other taxes imposed by the government in connection with transfer of the apartment with be borne by the purchaser.

Utility Cost:

Connection charges / expenses related to gas, water, sewerage and electric etc. Are not included with the price of apartments. The purchaser will also make these payments in favor of the company.

Force Majeure:

In the event of natural calamity, civil war, political case, by court or by laws, strike, war of any act of God beyond the control of the company shall not be held liable for any results, delay or abandoning the project.

Owner’s Association:

Maintenance of all common services and facilities after completion of the project will be done by respective owner’s co-operative society. Which will be formed in due time each apartment owner will deposit Tk. 30,000 (Thirty thousand) only to the company for the reserve fund of the society before taking possession of space. Income of reserve fund shall be used to maintenance and repair of common facilities of the project. Each apartment owner shall pay monthly establishment expenses including electric charge for lightning the common area, pumps proportionately as fixed by the society. Limited changes can be made in specifications for overall interest of the complex.