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Landowner And Builder Agreement
"I need a Landowner and Builder Agreement for a 5-acre residential development project in Bangalore, with specific provisions for a phased development approach and green building compliance, to be commenced by March 2025."
1. Parties: Details of the landowner(s) and the builder/developer, including their legal status and contact information
2. Background: Context of the agreement, including brief description of the property and the parties' intention to develop it
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Details: Comprehensive description of the land, including its dimensions, boundaries, and title details
5. Development Rights: Scope of rights granted to the builder for development, including access and construction rights
6. Consideration and Revenue Sharing: Financial terms including sharing ratio of built-up area or revenue between parties
7. Builder's Obligations: Responsibilities of the builder including construction quality, timelines, and compliance requirements
8. Landowner's Obligations: Responsibilities of the landowner including providing clear title and necessary cooperation
9. Project Specifications: Details of the proposed development including building plans, specifications, and amenities
10. Timelines: Construction schedule, milestone dates, and completion deadline
11. Permissions and Approvals: Responsibility for obtaining various regulatory approvals and permits
12. Title and Ownership: Provisions regarding property title, ownership rights, and transfer mechanisms
13. Representations and Warranties: Declarations and assurances by both parties
14. Termination: Circumstances and process for termination of the agreement
15. Dispute Resolution: Mechanism for resolving disputes including arbitration provisions
16. Force Majeure: Provisions for handling unforeseen circumstances affecting performance
17. Notices: Process and addresses for formal communications between parties
18. Governing Law: Applicable laws and jurisdiction
1. Bank Financing: Terms regarding project financing through banks or financial institutions - include when external financing is involved
2. Environmental Compliance: Special provisions for environmental protection - include for large projects requiring environmental clearance
3. Resettlement of Existing Occupants: Procedures for relocating existing occupants - include when property has current tenants or occupants
4. Phased Development: Terms for developing the project in phases - include for large projects with multiple construction phases
5. Marketing Rights: Terms for marketing and sales of the project - include when builder has rights to sell units
6. Maintenance Provisions: Post-completion maintenance responsibilities - include when builder will maintain the property
7. Third Party Rights: Provisions regarding rights of third parties - include when there are existing agreements or claims
1. Schedule A - Property Documents: List of title documents, tax receipts, and previous agreements relating to the property
2. Schedule B - Property Plan: Detailed site plan, measurement details, and boundary description
3. Schedule C - Development Specifications: Detailed construction specifications, materials quality, and finishing standards
4. Schedule D - Construction Timeline: Detailed timeline with milestones and completion dates
5. Schedule E - Sharing Arrangement: Detailed calculation method for area/revenue sharing between parties
6. Schedule F - Approvals List: List of required regulatory approvals and responsibilities for obtaining them
7. Schedule G - Payment Schedule: Schedule of payments or disbursements if applicable
8. Appendix 1 - Building Plans: Approved architectural plans and drawings
9. Appendix 2 - Power of Attorney: Format of power of attorney to be executed in favor of builder if applicable
Authors
Real Estate
Construction
Property Development
Urban Planning
Architecture
Legal Services
Banking and Finance
Infrastructure Development
Legal
Real Estate
Construction
Project Management
Compliance
Finance
Business Development
Risk Management
Operations
Property Management
Real Estate Developer
Property Owner
Construction Manager
Project Manager
Legal Counsel
Real Estate Attorney
Architect
Civil Engineer
Urban Planner
Property Manager
Compliance Officer
Real Estate Agent
Business Development Manager
Financial Controller
Risk Manager
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