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Agreement For Development Of Property
"I need an Agreement For Development Of Property for a mixed-use development project in Kuala Lumpur, where my company will be developing a 5-acre land parcel owned by a government-linked company, with construction expected to commence in March 2025."
1. Parties: Identification of the developer and landowner/client with full legal details
2. Background: Context of the development project, including brief description of the land and development intention
3. Definitions and Interpretation: Definitions of key terms and interpretation rules for the agreement
4. Development Rights and Obligations: Scope of development rights granted and core obligations of the developer
5. Land and Title Matters: Details of the property, title conditions, and encumbrances
6. Development Specifications: Detailed requirements for the development, including building specifications and quality standards
7. Approvals and Compliance: Requirements for obtaining necessary permits, licenses, and regulatory approvals
8. Project Timeline: Development schedule, milestones, and completion requirements
9. Financial Terms: Payment terms, development costs, and profit-sharing arrangements
10. Securities and Guarantees: Performance bonds, guarantees, and other security requirements
11. Representatives and Supervision: Appointment of representatives and supervision arrangements
12. Insurance and Indemnities: Required insurance coverage and indemnification provisions
13. Default and Termination: Events of default, remedies, and termination provisions
14. Dispute Resolution: Procedures for resolving disputes, including mediation and arbitration
15. General Provisions: Standard boilerplate clauses including notices, assignment, and governing law
1. Phasing and Staging: For projects developed in phases, detailing the sequence and conditions for each phase
2. Sales and Marketing: When the developer is responsible for marketing and selling the developed units
3. Third Party Contractors: Where specific provisions are needed for managing contractors and consultants
4. Environmental Requirements: For projects requiring specific environmental compliance or green building standards
5. Community Facilities: When the development includes shared facilities or community infrastructure
6. Special Development Rights: For projects involving air rights, basement rights, or other special development considerations
7. Financing Arrangements: When specific project financing terms need to be incorporated
8. Pre-existing Tenancies: Where the development involves land with existing tenants or occupiers
9. Government Incentives: When the project qualifies for special government incentives or requirements
1. Land Details: Detailed property description, title particulars, and site plans
2. Development Plans: Architectural drawings, layout plans, and development specifications
3. Project Timeline: Detailed construction schedule and milestone dates
4. Payment Schedule: Breakdown of payment terms, costs, and financial arrangements
5. Specifications: Detailed building specifications, materials, and quality standards
6. Required Approvals: List of required permits, licenses, and regulatory approvals
7. Form of Guarantees: Templates for performance bonds and other required guarantees
8. Professional Team: List of appointed consultants, contractors, and their roles
9. Environmental Requirements: Environmental compliance requirements and standards
10. Forms of Certificates: Templates for completion certificates and other required certifications
Authors
Real Estate Development
Construction
Property Investment
Urban Planning
Infrastructure Development
Commercial Property
Residential Property
Mixed-use Development
Industrial Development
Hospitality
Legal
Real Estate
Project Management
Property Development
Construction Management
Commercial
Planning
Compliance
Investment
Operations
Legal Counsel
Property Development Manager
Project Director
Real Estate Manager
Construction Manager
Land Acquisition Manager
Development Director
Commercial Director
Planning Manager
Compliance Officer
Contract Manager
Investment Manager
Property Investment Analyst
Urban Planner
Development Executive
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