Shop booking policy

Key terms

Completion target

36 months

from the start of construction

Grace period

6 months

after the target, before the delay rules apply

Service charge

10% / 12% / 15%

of the actual construction cost, set in the JCA

Late charge

5%

on each delayed payment

Cancellation

3 instalments

outstanding during construction

Transfer fee

৳ 10,000

paid by the new shareholder on a resale

1. Allotment

1. 1.1
   Shops are allotted first come, first served: in the order in which bookings are confirmed with the booking money.
2. 1.2
   Asseto names the project and the building. That name is final, and shareholders cannot change it.

2. Payments and agreements

1. 2.1
   Pay the full land-share price within the time stated in your booking deed. If it is not paid, the shop allotment is cancelled and what you paid is refunded, less the office charge, under the refund policy.
2. 2.2
   All shareholders pay the full construction cost in stages, on the schedule in the Joint Construction Agreement (JCA). Get the form from our sales team ↓.
3. 2.3
   So that construction never stalls, every shareholder signs the JCA and a Power of Attorney that authorises Asseto to build the project.

3. Service charge

1. 3.1
   The construction consultancy and project-management service charge of 10%, 12% or 15% written into the project's JCA is paid in stages, together with the construction cost.
2. 3.2
   The service charge declaration lists what the charge covers and what is billed separately at cost.

4. Design and layout

1. 4.1
   If the design or layout of the project has to change for reasons that cannot be avoided, Asseto makes the change after consulting the shareholders.
2. 4.2
   The superstructure cannot be altered at a buyer's request.
3. 4.3
   Limited changes inside a shop are possible on our architects' advice and with the Engineering & Design team's approval.

5. Construction and handover

1. 5.1
   The target is to finish the project within 36 months of the start of construction, and both parties work towards it.
2. 5.2
   When the building is complete, a deed of partition (bontonnama) is signed and registered. It records which floor and shop belong to each shareholder.

6. Records and communication

1. 6.1
   Official project communication runs only through Asseto's own channels: this website, our official email and the hotline. To avoid confusion, please do not start separate groups or platforms in the name of the project or the company.
2. 6.2
   Confidential project documents can be inspected at our office on request. In special cases, copies can be collected in person.

7. Resale

1. 7.1
   You can sell your allotted shop to another buyer after applying to Asseto in writing. The service charge under the JCA still applies.
2. 7.2
   The new shareholder pays the ownership transfer, registration and mutation costs and the ৳ 10,000 file transfer fee, as in the resale rules.

8. Late payment

1. 8.1
   A late instalment carries a 5% charge on the delayed amount, and each later delayed payment another 5%.
2. 8.2
   If three instalments, or the same amount, are outstanding during construction, the allotment is cancelled. You can then sell the shop to Asseto, or to another buyer with Asseto's consent.

9. Delays

1. 9.1
   Delays caused by events outside either party's control (force majeure), such as political unrest, natural disasters, epidemics or government restrictions, are accepted in the interest of the project as a whole.
2. 9.2
   If force majeure or late instalments mean the shop cannot be handed over within the 36-month target plus a 6-month grace period, both parties agree the next steps together.
3. 9.3
   If the delay is caused by Asseto's negligence, Asseto pays the shareholder monthly rent compensation for every month beyond that period, based on the size of the shop and the market rent.