a) The Applicant hereby agrees to make reservation fee by way of an online transfer to the Company’s Account which varies from Rs. 50,000.00, Rs. 100,000.00 or Rs. 500,000.00 as the case may be, which will be added to the total purchase price of the transaction.
b) If the Applicant fails to make payment as agreed, a default interest of 4% per month will be charged from the Applicant, which will be paid to the company along with the total payable amounts and to adhere to the other terms and conditions implemented by the Company from time to time.
c) In case of a Bank Loan or a Government Loan from the date of handing over the documents to the Applicant it will be completed with a period of 02 and a 03 months respectively failing which a default interest of 2% per month will be charged from the Applicant to the balance payable amount.
d) If the Applicant decides not to proceed with the transaction due to any unavoidable circumstances, then a sum of Rs. 50,000.00 or Rs. 100,000.00 or Rs. 500,000.00 which will be a non-refundable deposit will be deducted from the amount paid as at date, and the balance if any will be refunded after deducting the prevailing reasonable interest rate from the remaining outstanding balance after re-selling of the same.
e) The Applicant hereby, agrees to pay the relevant stamp duty, legal fees and extract plan charges before executing the Deed of Transfer through the company lawyer (Home Lands).
I/We declare that the information given in this application is true and accurate. I/We declare that I/We have read, understood and agree to the above terms and conditions.