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Real Estate Development Term Sheet
"I need a Real Estate Development Term Sheet for a joint venture commercial project in Bangalore's tech corridor, where we'll be developing a 500,000 sq ft office complex with completion targeted for December 2025, including specific provisions for profit sharing and phased development."
1. Parties: Details of the developer and landowner/joint venture partner
2. Background: Context of the proposed development and relationship between parties
3. Definitions: Key terms used throughout the term sheet
4. Project Description: Overview of the proposed development project, including location and scope
5. Property Details: Specific details of the land/property for development
6. Development Rights: Scope of development rights being granted
7. Commercial Terms: Key financial terms, revenue sharing, or joint venture structure
8. Development Timeline: Major milestones and completion schedules
9. Regulatory Compliance: Key compliance requirements and responsibilities
10. Conditions Precedent: Conditions that must be satisfied before proceeding
11. Responsibilities of Parties: Key obligations of each party
12. Exclusivity Period: Period during which parties agree to negotiate exclusively
13. Confidentiality: Terms regarding confidential information
14. Binding Provisions: Specifying which terms are legally binding
15. Definitive Agreements: Framework for subsequent detailed agreements
1. Financing Structure: Details of project financing when external funding is involved
2. Phasing Plan: For projects to be developed in multiple phases
3. Environmental Considerations: When project requires specific environmental compliance
4. Community Benefits: When project includes specific community or public benefits
5. Exit Mechanisms: For joint ventures requiring specific exit provisions
6. Marketing Rights: When specific marketing arrangements need to be pre-agreed
7. Property Management: For projects including post-completion management terms
8. Force Majeure: When specific force majeure provisions need to be outlined
9. Dispute Resolution: When specific dispute resolution mechanism needs to be pre-agreed
1. Property Description Schedule: Detailed legal description of the property including boundaries and title details
2. Site Plan: Preliminary plans and drawings of the proposed development
3. Development Program: Detailed breakdown of proposed development components and specifications
4. Commercial Terms Schedule: Detailed breakdown of financial terms, payments, and calculations
5. Key Milestones Schedule: Detailed timeline of development milestones and deadlines
6. Required Approvals: List of required regulatory approvals and permits
7. Existing Encumbrances: Details of any existing liens, encumbrances, or restrictions on the property
8. Cost Allocation Matrix: Breakdown of responsibility for various project costs
Authors
Approvals
Built-up Area
Carpet Area
Commencement Date
Completion Date
Conditions Precedent
Confidential Information
Development Rights
Development Period
Definitive Agreements
Earnest Money
Effective Date
Encumbrances
Environmental Laws
Floor Space Index (FSI)
Force Majeure Event
Government Authority
Gross Development Value
Joint Development Agreement
Land
LEED Certification
Material Adverse Effect
Municipal Authority
Occupancy Certificate
Permitted Use
Project
Project Costs
Project Documents
Property
RERA
Revenue Share
Sanctioned Plans
Site
Specifications
Super Built-up Area
Term
Title Documents
Transfer of Development Rights (TDR)
Zoning Laws
Development Rights
Land Title
Permitted Use
Development Obligations
Commercial Terms
Revenue Sharing
Payment Terms
Development Timeline
Conditions Precedent
Regulatory Compliance
Environmental Compliance
Representations and Warranties
Party Obligations
Force Majeure
Termination
Confidentiality
Exclusivity
Due Diligence
Approvals and Permits
Cost Allocation
Risk Distribution
Insurance
Dispute Resolution
Governing Law
Assignment
Notices
Binding Effect
Further Assurance
Definitive Agreements
Real Estate Development
Commercial Real Estate
Residential Real Estate
Mixed-use Development
Industrial Development
Retail Development
Hospitality Development
Infrastructure Development
Urban Planning
Construction
Legal
Real Estate Development
Project Management
Finance
Commercial
Business Development
Compliance
Construction
Investment
Property Management
Real Estate Development Manager
Property Development Director
Chief Development Officer
Land Acquisition Manager
Project Manager
Legal Counsel
Investment Manager
Commercial Director
Chief Financial Officer
Urban Planning Manager
Construction Manager
Business Development Manager
Joint Venture Manager
Property Portfolio Manager
Compliance Officer
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