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Agreement Between Landowner And Promoter
"I need an Agreement between Landowner and Promoter for a residential development project in Bangalore, where I (the landowner) will receive 40% of the developed units and the promoter will handle all development costs and approvals, with construction to begin by March 2025."
1. Parties: Details of the Landowner(s) and the Promoter/Developer with complete legal names and addresses
2. Background: Context of the agreement including property details and development intention
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Details: Detailed description of the land/property including boundaries, measurements, and title details
5. Development Rights: Scope of development rights granted to the promoter and any restrictions
6. Consideration and Revenue Sharing: Financial terms including sharing ratio of developed property or revenue
7. Responsibilities of the Promoter: Detailed obligations of the promoter including development timeline, quality standards, and compliance requirements
8. Obligations of the Landowner: Landowner's commitments including providing clear title, cooperation in approvals
9. Approvals and Compliance: Process for obtaining necessary permits and ensuring regulatory compliance
10. Timeline and Milestones: Development schedule with clear milestones and completion dates
11. Representations and Warranties: Standard and specific warranties from both parties
12. Termination: Circumstances and process for termination of the agreement
13. Dispute Resolution: Mechanism for resolving disputes including arbitration provisions
14. Governing Law: Applicable law and jurisdiction
1. Phasing of Development: Required when development is to be executed in multiple phases
2. Environmental Obligations: Detailed section needed when property is in environmentally sensitive area
3. Relocation and Rehabilitation: Required when existing occupants need to be relocated
4. Marketing Rights: Detailed marketing arrangements if promoter is granted exclusive marketing rights
5. Interim Maintenance: Required when specifying arrangements for maintenance during development
6. Force Majeure: Detailed force majeure provisions if required beyond standard clause
7. Third Party Rights: Required when there are existing third-party rights or encumbrances
8. Bank Guarantee/Security: When additional financial security is required from promoter
1. Property Description Schedule: Detailed property specifications including survey numbers, boundaries, and maps
2. Title Documents: List and copies of all relevant title and ownership documents
3. Development Specifications: Detailed plans, layouts, and specifications of proposed development
4. Approvals Schedule: List of required approvals and current status
5. Payment Schedule: Detailed breakdown of payments, sharing arrangements and timelines
6. Construction Timeline: Detailed construction and development milestones with dates
7. Area Statements: Detailed breakdown of areas and usage classifications
8. Power of Attorney: Format of power of attorney if required for development purposes
Authors
Property
Schedule of Property
Development Rights
Approvals
Competent Authority
Construction Period
Development Period
Built-up Area
Carpet Area
Super Built-up Area
FSI/FAR
Common Areas
Development Specifications
Force Majeure
Completion Certificate
Occupancy Certificate
Project
Phase
Landowner's Share
Developer's Share
Revenue Share
Encumbrances
Bank Loan
Title Documents
Commencement Date
Completion Date
Sanctioned Plan
Building Plans
Local Authority
RERA
Development Agreement
Sale Deed
Power of Attorney
Consideration
Material Breach
Applicable Laws
Development Control Regulations
Construction Cost
Marketing Rights
Sellable Area
Transfer
Project Facilities
Amenities
Permits
Specifications
Substantial Completion
Defect Liability Period
Maintenance Charges
Property Description
Development Rights
Consideration
Revenue Sharing
Title and Ownership
Representations and Warranties
Rights and Obligations
Development Specifications
Construction Timeline
Approvals and Permits
Compliance
Financial Terms
Payment Terms
Project Management
Quality Control
Insurance
Indemnification
Force Majeure
Assignment
Termination
Default and Remedies
Dispute Resolution
Governing Law
Notices
Confidentiality
Environmental Compliance
Health and Safety
Labor and Employment
Intellectual Property
Marketing Rights
Maintenance
Transfer Restrictions
Third Party Rights
Severability
Entire Agreement
Amendment
Waiver
Costs and Expenses
Further Assurance
Real Estate
Construction
Property Development
Urban Planning
Infrastructure Development
Commercial Property
Residential Property
Mixed-use Development
Township Development
Legal
Real Estate
Property Development
Land Acquisition
Compliance
Project Management
Construction
Business Development
Finance
Urban Planning
Real Estate Developer
Property Owner
Legal Counsel
Property Lawyer
Real Estate Manager
Development Director
Project Manager
Land Acquisition Manager
Compliance Officer
Urban Planner
Construction Manager
Real Estate Consultant
Property Valuation Expert
Business Development Manager
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