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General Terms & Conditions

 

RESERVATION:

Application for reservation of Apartment shall be made on the prescribed application form duly signed by the applicant with booking money. Allotment will be made on first serve basis. The company reserves the right to accept or reject any application without assigning any reason there to.

 

ALLOTMENT:

After receipt of the application and booking money ARTISAN will issue an allotment letter and payment schedule. The applicant / allottee shall then start making payments as per the schedule of payment.

 

PAYMENTS:

All payments of booking money, installments, additional works and other charges shall be made by cross cheque, Bank draft or pay order in favor of ARTISAN against which proper receipts will be issued. Foreigners and Bangladeshis 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 dates of installments paid.

 

SCHEDULE OF PAYMENT:

The allottee must strictly adhere to the schedule of payments indicated in the allotment agreement. Delay in payments beyond the schedule date will make the allottee liable to pay a delay charge of 4% per month on the amount of payment delayed. If the payment is delayed beyond 60 days, the company shall have the right to cancel the allotment. In such an event, the amount paid by the allottee will only be refunded after deducting 5% of the deposited amount offerresale of the Apartment.

 

LOAN:

Should the allottee desire a Housing loan, the company will extend all possible help to secure the loan.

 

DOCUMENTATION VAT & CHARGES:

The allottee will pay stamp duties, VAT (as applicable), registration fee, Gain tax, Share Transfer fee, documentation charges and other miscellaneous expenses likely to be incurred in connection with the Deed of Agreement for Allotment, Registration and Transfer etc. only the actual sums shall be charged.

 

INCEDENTAL COST:

Connection fees, security deposits and incidental expenses/charges relating to gas, water, sewerage and power connections are not included in the price of the Apartment. The buyers shall reimburse all the expenses incurred by the company on these accounts proportionate to their shares.

 

HANDOVER:

The possession of each Apartment and parking space shall be handed over to the allottee on full payment of installments and other charges and dues. Prior to this, the possession of Apartment will rest with the company.

 

DESIGN CHANGE:

After taking over Apartment of the project, the allottee (s) must consult ARTISAN prior to undertaking any structural or layout changes within the building complex. Failure to do so will be at the sole risk of the allottee (s). ARTISAN will have the right to make minor changes in internal design or external elevation for the betterment of the project during construction period.

 

ALLOTMENT TRANSFER:

Booking money and installments are based on proposed plan and its execution. Until full payment of all installment and other charges, the buyer shall not have the right to transfer the allotment to a third party without the consent of the company.

 
 
 
 
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