2.     Applicant Residents will have the residential right for 20 years renewable for a further period of 20 years on mutual consent. When the flat is no longer required, it will revert to the foundation and the amount of refundable  deposit will be refunded as per the provisions of the license agreement Applicant resident shall also have the right to nominate his right to reside and avail the facilities   to a person who shall be  a close blood relation who should also be a senior citizen  subject to the approval of the foundation. Close blood relation is defined as one who is his son/daughter/grandson, grand daughter and none others.   

3.     The refund shall be regulated by the provisions contained in the license agreement. A brief outline of its salient features in the license agreement  are as follows:

a.     Initially the deposit paid will have a lock-in- period of 2 years during which time the deposit will not be refunded.

b.     An additional amount of Rs.25000/ will be collected from the residents at the time of occupation as a corpus fund for the maintenance of the infrastructure which will be refunded at the time of termination of the lease in accordance with the terms of the licence agreement.  In case of escalation of cost in maintenance and their charges of the establishment, this corpus deposit will be increased suitably to keep with times.

c.      The deposit amount is subject to escalation from time to time based on inflationary situation and additional unforeseen charges, if any.

d.     All maintenance will be done by the Foundation and residents will not be allowed to repair or make any alteration.

e.      The foundation shall be the deciding authority on all matters affecting the property and  various facilities therein..

f.        An agreement format of which is given here under, is to be executed by the residents with the foundation at the time of  registration of the application

g.     The foundation will have the final say on accepting or rejecting the application without assigning any reason whatsoever

The following in-house facilities   are  part of maintenance of the establishment:-

      House-keeping of all rooms & toilets and all common areas  on daily basis with periodic spraying of pesticides and other pest controls. 

     (Assistance for washing clothes would be provided at cost).

       All maintenance expenses, Municipal taxes etc. would be charged at cost . Based on present cost of living (June,2009),  it works out to about Rs.1,500/-   per occupant  This is in addition to the Food Expenses and other direct costs like electricity bill, telephone bill, transportation costs which you have utilized,  laundry charges etc.