The system of apartment ownership has given rise to another document called Development Agreement. Instant document addresses formalization of relationship between a Developer, who enters into an agreement and the owner for development of the property and to build apartments. Compliance with various land laws and regulations is a complicated exercise, which we have taken care of in the drafting of the agreement.
A developer or builder (both the words have he same meaning) who enters into an agreement with the owner of a land, which is capable of development;
Any owner of a land, who wants to entrust the development of his property to a developer.
all usual basic provisions to protect your interest;
explanatory notes to cover every issue including need for stamp duty and registration;
flexible to suit peculiar situations;
addresses commercial and/or residential nature of development of property;
compliance with existing rent laws;
payment of consideration amount;
payment of costs of development- responsibilities clearly defined;
list of prohibited activities;
termination and after;
Relationship of parties;
Rights and duties of the parties
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Legal Agreements drawn by Legal Consultant of The Legal Bank in India.When you buy this document, we shall pass your name and email address to this draftsman who may then contact you in connection with this document.
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