Booking Terms & Conditions
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- Applicant(s) must abide by the terms and conditions as contained in the application form.
- After selecting a shared slot the prescribed booking form should be duly filled up and signed by the applicant along with the booking money and other required documents like 02 copies of passport size photo for the applicant, 02 copies of passport size photo for the nominee(s), NID card/passport copies, TIN Certi cate etc. However, the company reserves the right to disapprove any sale application for not full lling the booking form or for any other reasons.
- Allotment shall be made on a “First come, rst served” basis on receipt of the booking money along with the application form. On acceptance of the booking application and realizing at least a 20% down payment of the total price. Krishibid Properties Limited shall issue a provisional allotment agreement.
- When an application is accepted, a copy of the application form having a payment schedule as agreed upon will be provided to the applicant(s).
- The company will authorize and le the prescribed form only after receiving the full booking money.
- Preference shall be given to the purchaser(s) willing to make a one-time full payment.
- In the case of installment, the purchaser has to pay 20% of the total share price as booking money at the time of booking and the rest of the money has to be paid on the decided installment scheme and the schedule as mentioned in the application form.
- All payments are to be made by A/C payee Bank draft and/or MICR cheque/pay order from banks within Dhaka Metropolitan City areas in favor of Krishibid Properties Limited. No cash transactions will be allowed. A non-resident Bangladeshi (NRB) Purchaser(s) may remit the payment by A/C payee DD or TT through the proper and lawful channels. Remitted currency conversation into taka will be done as per Bangladesh Bank exchange rate of the encashment date.
- Purchaser(s) must strictly adhere to the payment schedule in paying the installments. Failing to pay within the due date will entail a delayed fee at the rate of 5% per month on the amount of payment that is delayed. In case of default of payment of installment beyond three months by the purchaser(s), the company reserves the right to cancel the allotment of the defaulting purchaser(s) and the paid amount will be returned to him/her/them after deducting 10% of service charges from the total amount paid by the purchaser(s).
- If any purchaser(s) decides to cancel the share(s) booking voluntarily after booking or in the middle of installments, the paid amount will be returned to him/her after deducting 10% service charges of the amount paid by the Purchaser(s) only after the resale of the share in question.
- All the processes regarding registration and mutation will be completed by the company after completion of the project, depending on full payment.
- Purchaser(s) shall bear all the costs regarding registration and mutation as per the rate fixed by the company at the time of registration and mutation.
- Purchaser(s) shall also pay the company’s registration and mutation service charges, VAT, documentation charges and other miscellaneous expenses likely to be incurred in connection with registration and mutation.
- Without prior consent of the company, the purchaser(s) shall not be allowed to make the transfer, convey or in any other way encumber the Share (s) allotted to him/her/them unless all payments are made and possession is handed over.
- In case of changing the ownership of share(s) after completion of registration, extra charges shall have to be borne by the purchaser(s) as per company rule.
- In case of changing the share(s) ownership even after handing over the possession, the purchaser(s) must obtain prior written permission from Krishibid Properties Limited to sell the share(s).
- The company has the right to accept or reject any application(s) or applicant(s) without assigning any reason thereof.
- The price of the share will be determined according to the company’s policy.
- For any grounds, if the company has to terminate the project or a certain portion of it, complete money as per record will be returned to the purchaser(s) within the quickest possible time. In such cases, the purchaser(s) shall not be entitled to any compensation.
- Krishibid Properties Limited reserves the full right to sell the ownership slot.
- The company reserves the right to make any changes/modifications to the above terms & conditions and layout plan or condition to the project if those become absolutely necessary or for any kind of Govt. policy.