Property Collaboration Agreement Template for India

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Key Requirements PROMPT example:

Property Collaboration Agreement

"I need a Property Collaboration Agreement for a joint development project in Mumbai where my company will contribute a 5-acre land parcel and the developer will construct a mixed-use complex, with a 60-40 revenue sharing arrangement in the landowner's favor."

What is a Property Collaboration Agreement?

The Property Collaboration Agreement is a crucial document in Indian real estate development, used when property owners wish to partner with developers to enhance the value of their property through development. This agreement type is particularly relevant in scenarios where the landowner contributes the property while the developer brings expertise and resources for development. The document addresses key aspects required under Indian law, including title verification, development rights, profit sharing, statutory compliances, and project execution parameters. It's essential for protecting both parties' interests and ensuring clear documentation of responsibilities and benefits, while complying with various Indian regulations including RERA (Real Estate Regulation and Development Act), local development authorities' requirements, and state-specific real estate laws.

What sections should be included in a Property Collaboration Agreement?

1. Parties: Details of the property owner(s) and developer(s) entering into the agreement

2. Background: Context of the collaboration and brief description of the property and proposed development

3. Definitions: Definitions of key terms used throughout the agreement

4. Property Details: Comprehensive description of the property including title details and encumbrances

5. Scope of Collaboration: Detailed outline of the development project and collaboration structure

6. Rights and Obligations: Specific responsibilities and rights of each party

7. Financial Terms: Revenue sharing arrangement, cost allocation, and payment terms

8. Project Timeline: Development milestones, completion dates, and delivery schedule

9. Statutory Compliance: Responsibilities for obtaining permits, approvals, and maintaining compliance

10. Representations and Warranties: Standard and specific warranties by both parties

11. Term and Termination: Duration of agreement and grounds for termination

12. Dispute Resolution: Process for resolving disputes including arbitration provisions

13. Force Majeure: Provisions for unforeseen circumstances affecting project execution

14. Notices: Communication protocols and contact details

15. Governing Law: Applicable law and jurisdiction

What sections are optional to include in a Property Collaboration Agreement?

1. Bank Guarantee: Required when performance security is needed from the developer

2. Power of Attorney: Included when developer needs specific powers to deal with authorities

3. Environmental Compliance: Detailed section needed for projects requiring environmental clearances

4. Relocation Terms: Required when existing occupants need temporary or permanent relocation

5. Marketing Rights: Detailed marketing arrangements when developer handles property sales

6. Project Financing: Included when specific financing arrangements need to be documented

7. Insurance: Detailed insurance requirements for high-value or high-risk projects

8. Existing Tenancies: Required when property has existing tenants or occupants

What schedules should be included in a Property Collaboration Agreement?

1. Schedule A - Property Details: Detailed property description, boundaries, and title documents

2. Schedule B - Development Plans: Architectural plans, layouts, and specifications

3. Schedule C - Revenue Sharing Structure: Detailed calculation method for profit sharing

4. Schedule D - Project Timeline: Detailed construction and development schedule

5. Schedule E - Approvals Required: List of necessary permits and approvals

6. Schedule F - Area Allocation: Distribution of built-up area between parties

7. Appendix 1 - Title Documents: Copies of property ownership documents

8. Appendix 2 - Power of Attorney: Format of power of attorney (if applicable)

9. Appendix 3 - Bank Guarantee Format: Format for bank guarantee (if applicable)

10. Appendix 4 - Existing Encumbrances: Details of any existing liens or encumbrances

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses
Relevant Industries

Real Estate

Construction

Property Development

Infrastructure

Commercial Real Estate

Residential Real Estate

Urban Development

Industrial Development

Hospitality

Retail Development

Relevant Teams

Legal

Real Estate

Property Development

Construction

Finance

Compliance

Business Development

Project Management

Operations

Risk Management

Relevant Roles

Real Estate Developer

Property Manager

Legal Counsel

Development Director

Project Manager

Land Acquisition Manager

Construction Manager

Real Estate Investment Manager

Compliance Officer

Contract Manager

Business Development Manager

Real Estate Attorney

Property Development Executive

Urban Planning Manager

Financial Controller

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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