| (1) |
Management Company |
: |
Well Born Real Estate Management Limited |
| (2) |
Term of Appointment |
: |
Two years from the date of the Deed of Mutual
Covenant and the Remuneration of the Manager shall be a sum
not exceeding ten percent (10%) of the total Management Expenses. |
|
Starting from the date of the Deed of Mutual
Covenant : |
|
Houses |
: |
HK$1.98 per sq. ft. per month (approx.) on gross floor area
basis (for the first year) |
|
Management Fees are to be paid by purchasers
on the date specified in the Notice of Completion issued
by the Developer to all purchasers.
In the period between the issuance of Occupation Permit
and the issuance of Notice of Completion, modes of the
property management operation and the associated
management fees are to be agreed between the Developer and the Management Company,
the actual expenses incurred in the period are to be borne solely by the Developer.
|
| (4) |
Payments upon Handover of Unit |
|
Initial Outgoings |
: |
A sum equivalent to 2 months' Management Fee |
|
Management Fee Deposit |
: |
A sum equivalent to 3 months' Management Fee |
|
Public Utilities Meters Deposit |
: |
As required by the electricity supply
company, Water Supplies Department & Towngas |
|
Special Fund |
: |
A sum equivalent to 2 months' Management Fee |
| Remarks: |
(1) |
It may be necessary for the Management Company to revise
the budgeted management fees upon the handover of units
by the Developer to the Owners since they are gauged on
the level of expenses and costs of the third quarter of
2006. |
|
(2) |
Management fees in respect of all houses are to be paid
in advance. |
|
