Terms & Conditions


Application:-

Interested client (s) will submit application in prescribed from supplied by the company duly signed by the investor (s) along with booking money and other necessary documents . The company has the right to accept or reject any application without assigning any reason what so ever. Investor willing to pay onetime payment or a slot will be given preference.


Allotment:-

Allotment will be made on first come ,first served basis. Upon acceptance of Application, Booking Money ,Down payment and other necessary papers AREAC Ltd will issue an allotment letter in favor of the applicant. This will include the payment mode ,which the investor (s) should follow on receiving the allotment letter .Investor (S) willing to make onetime payment will be rewarded with substantial rebate. The investor is not entitled to transfer the apartment to third party till the apartment handed over to them.


Payment:-

All payment should be made by A/C Payee Cheque or Bank Draft or pay-order or cash in favor of AREAC Ltd. Investor (s) residing abroad may remit payment by TT or DD AREAC Ltd expects the investor will strictly adhere the payment schedule settled earlier. This must be mentioned here that timely completion of the project is entirely on the timely payment By the investor (s).


AREAC Ltd.Right:-

The company has the right to accept any application for allotment. It also reserves the right to made changes is both Architectural and Structural design of the project if necessary. Limited change can be made in specification for overall interest of the project.


Utility Connection:-

Connection fee, security deposit for water, gas, electricity and incidental costs are not included in the apartment price. AREAC Ltd. makes this payment directly to the concerned authorities and the investor shall reimburse the amount on actual basis to AREAC Ltd.


Transfer of Ownership:-

Proportionate share of indivisible land as well as apartment will be registered in favor of each investor as per the current rules and regulations “RAJUK


Transfer Cost &Govt. Taxes:-

All cost related to transfer of ownership like stamp duty, Registration fee, Gain Tax, Documentation Charges, incidental Expenses will be borne by the allot tee (s) on actual basis.


Owner’s Associaton:-

The investor must undertake become a member of the Owner’s Association, which will be formed by the owners of the apartments with the view to maintaining the general affairs of the complex for common interest. Each apartment owner must initially deposit TK.25,000/- to the reserved fund.


N.B:-

In case of non-availability of the materials mentioned in the proposal equivalent materials in terms of quality and price available in the market will be used and AREAC Ltd . reserves the sole discretion to determine standard of construction and finishing works.


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