Terms & Conditions

Home   >>   Project Details   >>   Terms & Conditions

Terms & Conditions

  • Applications for allotment of apartments should be applied through prescribed application form duly signed by the applicant along with the Booking Money. DORPAN Properties Limited (DPL) has the right to accept or reject any application without explaining any reason thereto.
  • After getting application with booking money, company will issue a THANKS LETTER with specific terms & conditions including payment schedule to the address/addresses given in the application. The applicant will make payment as per the schedule.
  • All payments shall be through Bank Draft/Pay Order/Account Payee cheque /SWIFT service/Online deposit/DD/TT in favor of DORPAN Properties Limited, for which money receipts will be issued. The validity of money receipt is  subject to the realization of any payment method.
  • Any payment (Down-payment, Installments, Car Park costs) & all other charges are to be made before due dates as per PAYMENT SCHEDULE mentioned in the THANKS LETTER. The buyer, who has made payment as per payment schedule will enjoy the monthly rent, if company fails to handover the apartment as per agreement.
  • Delay in payments beyond the due date will make the allottee liable to pay a delay charge on the amount delayed; details will be described in the Deed of Agreement. If the payment is delayed beyond 60 days, the authority reserves the right to cancel the allotment. In such an event, the amount paid by the allottee will be refunded within 180 days of cancellation.
  • DPL and the allottee will be required to execute a deed of agreement for safe guarding the interest of the allottee as well as DPL subject to the clearance of down-payment, full payment or 12 installments. DPL will prepare this agreement. During the agreement we the both parties may add or deduct any terms and condition based on mutual discussion.
  • Utilities Charges (Connection fees/charges, security deposits and other incidental expenses relating to gas, water, sewerage, electric connections etc.) & car parking are not included in the price of apartment. Expenditure for utilities will be done by DPL while the allottees will be charged proportionately on actual cost basis before handover of the apartment. If the allottees wish to purchase cark park then they have to pay for parking space.
  • Limited changes in the specifications, design or layout of the apartments and other facilities may be made by DPL for overall interest of the project or due to unavoidable circumstances.
  • DPL may cancel an allotment on non-payment of down payment, full payment or installment as per PAYMENT SCHEDULE mentioned in the THANKS LETTER to the allottee through a notice/letter by registered post / courier service at the address given in the application form.
  • The possession of each apartment shall be duly handed over to the allottee on completion and on full payment and clearance of other charges & dues and till then the possession will remain with DPL.
  • The allottee will pay stamp duties, registration fee, documentation charge and any other taxes and expenses likely to be incurred in connection with the deed of agreement, allotment, registration, transfer etc only the actual sums shall be charged.
  • After taking over of the project, the allottee(s) must consult with DPL prior to undertaking any structural or layout changes within the apartment complex. Failure to do so will be at the risk of the allottee(s).
  • The completion period of the construction of the project can be affected by unavoidable circumstances beyond the control of DPL like natural calamities, political unrest, materials scarcity, price inflation, strikes, blockade, any policy of the state etc.
  • IF due to any reason beyond the control of DPL the implementation of the project is abandoned, DPL will refund with profit to the allottee the booking money, down payment and all installments deposited within 180 (One hundred eighty) days from the announcement made to this effect. Profit will be calculated as per current bank  rate /about 10%. Only regular customers, who paid as per PAYMENT SCHEDULE mentioned in the THANKS LETTER, will be eligible for the profit. Simple method instead of compound method will be used to calculate profit.
  • After full payment of dues, the allottees will form a committee among themselves for managing the general affairs in the common interest. Each allottee must deposit TK.50,000.00 for each allotment of apartment towards the reserve fund for initial common service expenses of the complex.

Home /About DSI /Project Details /FAQ /Query /Contact /

© Copyright 2013 by Dorpan. All Rights Reserved. Developed By KR Digital Concept IT Solutions