17 development agreement
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Transcript of 17 development agreement
DEVELOPMENTAGREEMENT
RECITAL
DEFINITIONS
LAND AREA
CONSIDERATION
PAYMENT SCHEDULE
TIME IS ESSENCE OF THE CONTRACT
REPRESENTATION
WARRANTIESDECLARATIONSCOVENANTS OF THE OWNERS
• Marketable Title
• No Encumbrances
• Possession
• Power and Authority
• Valid and Binding
• No Impediment
• No Prior Agreement
• No Acquisition and Requisition
• No Reservations
• No Violation of Land Laws
• No Lispendence
• No Third Party Rights
• Deliver Documents
• Execute Further Documents
• Further Assurances
• Family Consent
• No Minors Interest
• Joint Survey
• Assurances
• Declarations
• Covenants
• Indemnity
• Undertakings
RIGHTSDUTIESOBLIGATIONSOF THEDEVELOPERS
• Inspection of Title Documents
• Development Potential
• Development Plan
• Payment Term
• Name Board
• Symbolic Possession
• License Permission
• Development and Construction
• Development Control Regulations
• Modification of Sanctioned Plans
• Authority to Sell Flats
• MOFA
• Plinth Completion Certificate
• Quality Guarantee
• No Encroachment
• Building Completion Certificate
• Occupation Certificate
• Delivery of Flats
• Compliance with law
• Taxes and Outgoings
RIGHTSDUTIESOBLIGATIONS OF THE OWNERS
• Basic Infrastructure
• Power of Attorney
• Interim maintenance
• TDR and Other Rights
• Easements
• Balance FSI
NO COMPETITION
TIME PERIOD
DEFALUT BY THE OWNERS
DEFAULT BY THE DEVELOPERS
CURE PERIOD
BREACH OF CONTRACT
TERMINATION
SERVICES OF THE SOLICITORS
SERVICES OF THE ARCHITECTS
SERVICES OF THE ARCHITECTS
INDEMNITY BY DEVELOPERS
INSURANCE
PROJECT NAME
LIQUIDATED DAMAGES
DEFECT LIABILITY PERIOD
DISPUTE RESOLUTION METHOD
STAMP DUTYAND REGISTRATION
FORMATION OFCO-OP.HSG SOCIETY
CONVEYANCE
SPECIFIC PERFORMANCE
GENERAL PROVISIONS
• Notices
• No Amendment
• No Waiver
• No Partnership
• No Agency
• Force Majeure
• Confidentiality
• Severability
• Entire Agreement
• Cost and Expenses
• Governing Law
• Jurisdiction
• Read and Understood
• Counter Parts
SCHEDULE TO THE PROPERTY
EXECUTION SHEET
ANNEXURES
Location MapLand Area MapCopy of title deeds7/12extracts/Property CardCertificate of TitleN.A.PermissionDevelopment Permission
Commencement CertificateBuilding Plan
MoEF Permission MPCB Consent
NOC-Fire Department
mylawhouse.inMob:[email protected]@yahoo.com