This document is a development agreement between an owner and developer. It gives the developer the rights to develop a piece of land described in the schedule by demolishing existing structures and constructing new buildings. In exchange, the developer agrees to pay the owner a sum of money. Upon completion, the developer will transfer ownership of the developed land and new buildings to a housing cooperative formed by flat purchasers. The agreement outlines various terms regarding permissions, construction responsibilities, payments, and liability between the owner and developer.
This document is a development agreement between several owners of a property and a developer company. The key points are:
1) The owners appoint the developer to construct residential buildings on the owners' land, with the goal of commercial exploitation.
2) The owners represent that they have clear title to the land and will obtain vacant possession within a year.
3) The agreement divides the developed space between the owners (37%) and developer (63%), and outlines their respective rights and obligations regarding development and sale of the portions.
EQUIPMENT SALE AGREEMENT FORMAT
FREE LEGAL AND ACCOUNTANT FORMATS
KANOON KE RAKHWALE INDIA
HIRE LAWYER ONLINE
LAW FIRMS IN DELHI
CA FIRM DELHI
VISIT : https://www.kanoonkerakhwale.com/
VISIT : https://hirelawyeronline.com/
ADVERTISING AGENCY AGREEMENT FORMAT
FREE LEGAL AND ACCOUNTANT FORMATS
KANOON KE RAKHWALE INDIA
HIRE LAWYER ONLINE
VISIT : https://www.kanoonkerakhwale.com/
VISIT : https://hirelawyeronline.com/
Este contrato de locação residencial define os termos entre a proprietária Maria Rosenilde e a locatária Janiscley para a locação de uma casa por 12 meses. O aluguel é de R$500 por mês com reajuste anual pelo IGP-M, e a locatária é responsável pelas despesas com energia elétrica e manutenção da casa. O contrato estabelece multa de 3 aluguéis caso haja quebra de cláusula por qualquer das partes.
Land acquisition fazal subhan dg kpja nov 2018zulfi799
This document provides an overview of Pakistan's Land Acquisition Act of 1894. Some key points:
- The act allows the government to acquire private land for public purposes like infrastructure projects, and provides compensation to landowners.
- There is a process for notifying landowners, surveying the land, determining compensation, allowing objections, and appeals. Compensation is based on market value and includes damages.
- Temporary occupation of land for up to 3 years is also allowed. Companies can acquire land for projects after agreements with the government.
- Objections can be referred to civil courts, which will determine the appropriate area and compensation. The act aims to balance land acquisition needs with protecting landowner rights and
Rights and duties of the mortgagor and mortgagee sheetaljagannathRamapur
The document discusses the rights and duties of mortgagors and mortgagees under Indian law. It outlines the key rights of mortgagors, such as the right to redeem property, transfer property to a third party, inspect documents, and claim improvements. It also discusses duties of mortgagors around defective titles and taxes. For mortgagees, it outlines rights like foreclosure, sale of property, and accession. Mortgagee duties include managing the property prudently, collecting rents, paying taxes, making repairs, and not committing waste. The document provides details on exercising these rights and fulfilling these duties according to various sections of Indian law.
This document is a development agreement between an owner and developer. It gives the developer the rights to develop a piece of land described in the schedule by demolishing existing structures and constructing new buildings. In exchange, the developer agrees to pay the owner a sum of money. Upon completion, the developer will transfer ownership of the developed land and new buildings to a housing cooperative formed by flat purchasers. The agreement outlines various terms regarding permissions, construction responsibilities, payments, and liability between the owner and developer.
This document is a development agreement between several owners of a property and a developer company. The key points are:
1) The owners appoint the developer to construct residential buildings on the owners' land, with the goal of commercial exploitation.
2) The owners represent that they have clear title to the land and will obtain vacant possession within a year.
3) The agreement divides the developed space between the owners (37%) and developer (63%), and outlines their respective rights and obligations regarding development and sale of the portions.
EQUIPMENT SALE AGREEMENT FORMAT
FREE LEGAL AND ACCOUNTANT FORMATS
KANOON KE RAKHWALE INDIA
HIRE LAWYER ONLINE
LAW FIRMS IN DELHI
CA FIRM DELHI
VISIT : https://www.kanoonkerakhwale.com/
VISIT : https://hirelawyeronline.com/
ADVERTISING AGENCY AGREEMENT FORMAT
FREE LEGAL AND ACCOUNTANT FORMATS
KANOON KE RAKHWALE INDIA
HIRE LAWYER ONLINE
VISIT : https://www.kanoonkerakhwale.com/
VISIT : https://hirelawyeronline.com/
Este contrato de locação residencial define os termos entre a proprietária Maria Rosenilde e a locatária Janiscley para a locação de uma casa por 12 meses. O aluguel é de R$500 por mês com reajuste anual pelo IGP-M, e a locatária é responsável pelas despesas com energia elétrica e manutenção da casa. O contrato estabelece multa de 3 aluguéis caso haja quebra de cláusula por qualquer das partes.
Land acquisition fazal subhan dg kpja nov 2018zulfi799
This document provides an overview of Pakistan's Land Acquisition Act of 1894. Some key points:
- The act allows the government to acquire private land for public purposes like infrastructure projects, and provides compensation to landowners.
- There is a process for notifying landowners, surveying the land, determining compensation, allowing objections, and appeals. Compensation is based on market value and includes damages.
- Temporary occupation of land for up to 3 years is also allowed. Companies can acquire land for projects after agreements with the government.
- Objections can be referred to civil courts, which will determine the appropriate area and compensation. The act aims to balance land acquisition needs with protecting landowner rights and
Rights and duties of the mortgagor and mortgagee sheetaljagannathRamapur
The document discusses the rights and duties of mortgagors and mortgagees under Indian law. It outlines the key rights of mortgagors, such as the right to redeem property, transfer property to a third party, inspect documents, and claim improvements. It also discusses duties of mortgagors around defective titles and taxes. For mortgagees, it outlines rights like foreclosure, sale of property, and accession. Mortgagee duties include managing the property prudently, collecting rents, paying taxes, making repairs, and not committing waste. The document provides details on exercising these rights and fulfilling these duties according to various sections of Indian law.
This document is an exclusive agent contract between an agent and musician(s) that details:
1) The term of the agreement and scope of representation, wherein the agent is granted exclusive worldwide representation rights.
2) The agent's duties to promote the musician(s) and obtain engagements, and the musician(s)' duties to refer all business opportunities to the agent.
3) Compensation terms wherein the agent receives a percentage of the musician(s)' gross earnings for obtained engagements.
The document discusses provisions related to staying the execution of a decree or order under Order 21 Rule 5 of the Code of Civil Procedure. It provides that an appellate court may order a stay of proceedings under a decree or execution of the decree. It also outlines the conditions that must be satisfied for a stay to be granted, including that there was no unreasonable delay in applying, substantial loss would result without a stay, and the applicant has provided security for performing the decree. The document also discusses related provisions around staying execution by appellate courts and executing courts.
Este contrato de locação residencial define os termos e condições entre o locador e locatário de um apartamento. O contrato especifica detalhes como o endereço do imóvel, valor e forma de pagamento do aluguel, responsabilidades de cada parte com despesas, prazo de locação, causas para rescisão e inclui um fiador que assume responsabilidade solidária.
This document summarizes key aspects of rent control and tenant eviction laws in Tamil Nadu, India. It outlines that rent control laws were introduced to regulate rents and prevent unreasonable eviction of tenants. The Tamil Nadu Buildings (Lease and Rent Control) Act of 1960 currently governs these issues, allowing eviction only on specified grounds such as non-payment of rent, subletting, or the landlord requiring the property for personal use. The document also provides details on determining fair rent and exemptions to the rent control act.
This document is a tenancy agreement between a landlord and tenant. It details the terms of the rental of a property located at the address specified. The key terms are:
- The tenancy is for a fixed term of 2.5 years, from the start date to end date specified.
- The tenant agrees to pay monthly rent and utility deposits as specified upfront and on the 7th of each month.
- The duties of both landlord and tenant are outlined, including repairs, notices, and yielding of property at end of term.
- Breach of agreement terms, such as non-payment or unauthorized alterations, allows the landlord to issue a notice and potentially repossess the property.
This document is an exclusive recording agreement between an artist and a record company. It details the terms of the recording commitment, including that the artist will record a minimum of 13 songs for each contract period. It gives the record company options to extend the agreement for additional periods. It outlines that the record company will have control over recording decisions and will recoup recording costs and advances from the artist's royalties. The artist agrees to record exclusively for the company during the term of the agreement.
This document summarizes the Hindu Gains of Learning Act of 1930 in India. The act aims to remove doubts about a Hindu undivided family member's right to property acquired through their education or learning. Key points of the act include: defining acquirer as a family member who gains property through learning, gains of learning as property acquired through education, and learning as any type of education or training. Most importantly, the act states that no gains of learning shall be considered not the exclusive property of the acquirer just because their education was supported by family funds or imparted by a family member.
Este documento é um contrato de locação residencial entre um locador e um locatário, com fiadores. O contrato especifica os detalhes do imóvel, o prazo de locação de 12 meses, o aluguel mensal e regras sobre pagamentos, conservação do imóvel, sublocação e rescisão.
Consulting Service Agreement Sample (Purchase this doc, Text: 08118887270 (Wh...GLC
This document is a 7-page consulting service agreement between a client (PT company) and a consultant (individual) to provide detailed engineering design services for equipment foundations for a chip mill plant project. Key details:
- The consultant will provide detailed engineering design services for RC foundations for equipment and conveyor belt structures.
- The agreement is effective for 3 months from the signing date.
- The consultant's fee for services is Rp [amount] and will be paid in two stages - 25% initially and 75% after submission of the final report.
- The consultant is responsible for confidentiality of project information and copyright of documents prepared.
- The client will provide necessary data and assistance for
Este contrato define os termos de arrendamento de uma fazenda rural para fins de exploração agrícola. Ele especifica as partes envolvidas, a propriedade em questão, os termos de pagamento do aluguel, o prazo do contrato e as condições gerais do acordo.
The formats for Leave & License and Tenancy Agreements are given only for getting some basic idea and to calculate the pages approximately. Actual document may vary finally and also as per the T & C selected by the parties. This document is downloaded from igrmaharashtra.gov.in and share to help people to find information on Leave and licenses agreement
For more visit: http://realbuildr.com
Law Senate Law Firm provide arbitration services in india in various sectors like construction and infrastructure, supply contracts, information technology and oil and gas refineries etc.
Contrato de locação de imóvel residencial apartamento village centervitoriaportes
O documento é um contrato de locação residencial entre Mauro Portes como locador e Mariane Charão Nessi Costa como locatária. O contrato loca um apartamento e vaga de estacionamento por 12 meses com renovação automática e estabelece obrigações como pagamento de aluguel, condomínio, manutenção do imóvel e penalidades em caso de inadimplência.
This employment agreement is between an employee and Nova Vita LTD., a Polish company. The employee will serve as a customer manager, receiving payments from clients into their personal bank account and withdrawing cash or making payments to the company's partners through money transfer systems. The agreement is for 3 months. As compensation, the employee will receive $3,000 per month plus a variable commission based on the number and size of payment processing transactions completed on time and accurately according to the company's instructions.
The document outlines the rights and duties of bailors and bailees under Indian contract law. A bailor's duties include delivering the goods in good condition, disclosing known faults, bearing extraordinary expenses, indemnifying the bailee for loss of title, and bearing loss for wrongful refusal or natural deterioration. A bailee's duties are to take proper care of the goods, not make unauthorized use, return the goods, and be responsible for any loss or failure to return. The rights of each include claiming damages or expenses, terminating the bailment, and the bailee exercising lien rights.
A probate is a court-certified copy of a will that proves the will's validity and allows the executor to administer the deceased's estate. It authenticates the will and gives the executor authority to distribute assets according to the will. To obtain a probate, the executor or beneficiaries must file an application including details like the testator's death date and copies of the will. If approved after notice and hearings, the court will grant probate to the named executor on a stamp paper equal to the court fee.
This presentation is meant to help the viewers about the need, purpose and mechanism to frame a Will of their assets, both movable and immovable. A sample Will can also be seen on my profile titled 'Sample of a Will'.
This document discusses succession and inheritance under Philippine law. It defines succession as the transmission of a decedent's property, rights and obligations to heirs through death, either by will or intestacy. It outlines the elements of succession including transmission upon death. It also discusses intestate succession and the scenarios where a person can be presumed dead, as well as the different types of wills and testamentary capacity requirements. The document provides an overview of inheritance and succession under Philippine law.
Broking stone MOU for villa or bungalow sellerbrokingstone
This Memorandum of Understanding establishes an exclusive agreement between Broking Stone property consultant and a construction company where Broking Stone property consultant will list and market units of the construction company's project through its real estate broker network. Key terms include Broking Stone property consultant being granted exclusive rights to sell units for a set term and price. The construction company agrees to cooperate with marketing efforts and pay a 2% brokerage fee to Broking Stone property consultant if a unit is sold. The agreement also outlines obligations of both parties and details regarding disputes, termination, notices and governing law.
This document is an expression of interest from Bhandari Construction and Developers Pvt. Ltd. for their new residential project called BCD Heaven Valley - Phase 1, codenamed BCD North Star. It lists the various unit sizes available from 1 BHK to duplex units and provides the basic and premium pricing. Interested customers must fill out an application form providing their contact and financial details. By submitting the form along with a registration amount, the customer is expressing interest to provisionally book a unit in the project subject to terms and conditions regarding payment plans and timelines to be finalized in the sale agreement.
This document is an exclusive agent contract between an agent and musician(s) that details:
1) The term of the agreement and scope of representation, wherein the agent is granted exclusive worldwide representation rights.
2) The agent's duties to promote the musician(s) and obtain engagements, and the musician(s)' duties to refer all business opportunities to the agent.
3) Compensation terms wherein the agent receives a percentage of the musician(s)' gross earnings for obtained engagements.
The document discusses provisions related to staying the execution of a decree or order under Order 21 Rule 5 of the Code of Civil Procedure. It provides that an appellate court may order a stay of proceedings under a decree or execution of the decree. It also outlines the conditions that must be satisfied for a stay to be granted, including that there was no unreasonable delay in applying, substantial loss would result without a stay, and the applicant has provided security for performing the decree. The document also discusses related provisions around staying execution by appellate courts and executing courts.
Este contrato de locação residencial define os termos e condições entre o locador e locatário de um apartamento. O contrato especifica detalhes como o endereço do imóvel, valor e forma de pagamento do aluguel, responsabilidades de cada parte com despesas, prazo de locação, causas para rescisão e inclui um fiador que assume responsabilidade solidária.
This document summarizes key aspects of rent control and tenant eviction laws in Tamil Nadu, India. It outlines that rent control laws were introduced to regulate rents and prevent unreasonable eviction of tenants. The Tamil Nadu Buildings (Lease and Rent Control) Act of 1960 currently governs these issues, allowing eviction only on specified grounds such as non-payment of rent, subletting, or the landlord requiring the property for personal use. The document also provides details on determining fair rent and exemptions to the rent control act.
This document is a tenancy agreement between a landlord and tenant. It details the terms of the rental of a property located at the address specified. The key terms are:
- The tenancy is for a fixed term of 2.5 years, from the start date to end date specified.
- The tenant agrees to pay monthly rent and utility deposits as specified upfront and on the 7th of each month.
- The duties of both landlord and tenant are outlined, including repairs, notices, and yielding of property at end of term.
- Breach of agreement terms, such as non-payment or unauthorized alterations, allows the landlord to issue a notice and potentially repossess the property.
This document is an exclusive recording agreement between an artist and a record company. It details the terms of the recording commitment, including that the artist will record a minimum of 13 songs for each contract period. It gives the record company options to extend the agreement for additional periods. It outlines that the record company will have control over recording decisions and will recoup recording costs and advances from the artist's royalties. The artist agrees to record exclusively for the company during the term of the agreement.
This document summarizes the Hindu Gains of Learning Act of 1930 in India. The act aims to remove doubts about a Hindu undivided family member's right to property acquired through their education or learning. Key points of the act include: defining acquirer as a family member who gains property through learning, gains of learning as property acquired through education, and learning as any type of education or training. Most importantly, the act states that no gains of learning shall be considered not the exclusive property of the acquirer just because their education was supported by family funds or imparted by a family member.
Este documento é um contrato de locação residencial entre um locador e um locatário, com fiadores. O contrato especifica os detalhes do imóvel, o prazo de locação de 12 meses, o aluguel mensal e regras sobre pagamentos, conservação do imóvel, sublocação e rescisão.
Consulting Service Agreement Sample (Purchase this doc, Text: 08118887270 (Wh...GLC
This document is a 7-page consulting service agreement between a client (PT company) and a consultant (individual) to provide detailed engineering design services for equipment foundations for a chip mill plant project. Key details:
- The consultant will provide detailed engineering design services for RC foundations for equipment and conveyor belt structures.
- The agreement is effective for 3 months from the signing date.
- The consultant's fee for services is Rp [amount] and will be paid in two stages - 25% initially and 75% after submission of the final report.
- The consultant is responsible for confidentiality of project information and copyright of documents prepared.
- The client will provide necessary data and assistance for
Este contrato define os termos de arrendamento de uma fazenda rural para fins de exploração agrícola. Ele especifica as partes envolvidas, a propriedade em questão, os termos de pagamento do aluguel, o prazo do contrato e as condições gerais do acordo.
The formats for Leave & License and Tenancy Agreements are given only for getting some basic idea and to calculate the pages approximately. Actual document may vary finally and also as per the T & C selected by the parties. This document is downloaded from igrmaharashtra.gov.in and share to help people to find information on Leave and licenses agreement
For more visit: http://realbuildr.com
Law Senate Law Firm provide arbitration services in india in various sectors like construction and infrastructure, supply contracts, information technology and oil and gas refineries etc.
Contrato de locação de imóvel residencial apartamento village centervitoriaportes
O documento é um contrato de locação residencial entre Mauro Portes como locador e Mariane Charão Nessi Costa como locatária. O contrato loca um apartamento e vaga de estacionamento por 12 meses com renovação automática e estabelece obrigações como pagamento de aluguel, condomínio, manutenção do imóvel e penalidades em caso de inadimplência.
This employment agreement is between an employee and Nova Vita LTD., a Polish company. The employee will serve as a customer manager, receiving payments from clients into their personal bank account and withdrawing cash or making payments to the company's partners through money transfer systems. The agreement is for 3 months. As compensation, the employee will receive $3,000 per month plus a variable commission based on the number and size of payment processing transactions completed on time and accurately according to the company's instructions.
The document outlines the rights and duties of bailors and bailees under Indian contract law. A bailor's duties include delivering the goods in good condition, disclosing known faults, bearing extraordinary expenses, indemnifying the bailee for loss of title, and bearing loss for wrongful refusal or natural deterioration. A bailee's duties are to take proper care of the goods, not make unauthorized use, return the goods, and be responsible for any loss or failure to return. The rights of each include claiming damages or expenses, terminating the bailment, and the bailee exercising lien rights.
A probate is a court-certified copy of a will that proves the will's validity and allows the executor to administer the deceased's estate. It authenticates the will and gives the executor authority to distribute assets according to the will. To obtain a probate, the executor or beneficiaries must file an application including details like the testator's death date and copies of the will. If approved after notice and hearings, the court will grant probate to the named executor on a stamp paper equal to the court fee.
This presentation is meant to help the viewers about the need, purpose and mechanism to frame a Will of their assets, both movable and immovable. A sample Will can also be seen on my profile titled 'Sample of a Will'.
This document discusses succession and inheritance under Philippine law. It defines succession as the transmission of a decedent's property, rights and obligations to heirs through death, either by will or intestacy. It outlines the elements of succession including transmission upon death. It also discusses intestate succession and the scenarios where a person can be presumed dead, as well as the different types of wills and testamentary capacity requirements. The document provides an overview of inheritance and succession under Philippine law.
Broking stone MOU for villa or bungalow sellerbrokingstone
This Memorandum of Understanding establishes an exclusive agreement between Broking Stone property consultant and a construction company where Broking Stone property consultant will list and market units of the construction company's project through its real estate broker network. Key terms include Broking Stone property consultant being granted exclusive rights to sell units for a set term and price. The construction company agrees to cooperate with marketing efforts and pay a 2% brokerage fee to Broking Stone property consultant if a unit is sold. The agreement also outlines obligations of both parties and details regarding disputes, termination, notices and governing law.
This document is an expression of interest from Bhandari Construction and Developers Pvt. Ltd. for their new residential project called BCD Heaven Valley - Phase 1, codenamed BCD North Star. It lists the various unit sizes available from 1 BHK to duplex units and provides the basic and premium pricing. Interested customers must fill out an application form providing their contact and financial details. By submitting the form along with a registration amount, the customer is expressing interest to provisionally book a unit in the project subject to terms and conditions regarding payment plans and timelines to be finalized in the sale agreement.
This document summarizes a listing agreement between a seller and broker. It grants the broker the exclusive right to sell the seller's property located at a specific address. It outlines the terms of the agreement, including the listing period, price, and marketing plan. It also specifies that the broker will receive a commission if the property is sold during the listing period to anyone shown the property by the broker or seller.
Real Estate (Regulation and Development) Act,2016Venket Rao
To promote efficient & transparent real estate transactions & consumer protection.
Establishment of regulator for regulation & promotion of real estate sector.
Establishing an adjudication mechanism for speedy dispute redressal .
This document provides information and standard terms for a Contract of Purchase and Sale for real estate. It begins with copyright information for the form.
Section 1 provides 3 sentences on recommended procedures for completing the sale to ensure the seller receives funds on the agreed upon completion date. It advises the buyer to pay funds and sign documents at least 2 days before completion, and the seller to return signed documents by the morning before completion.
Section 2 notes the real estate brokerage must hold deposits from the transaction as a stakeholder according to the Real Estate Services Act, and cannot release the funds without written agreement from both parties.
English prestige - presentation on real estate (regulation and development)English Prestige
The document discusses key aspects of the Real Estate (Regulation and Development) Act, 2016 in India. Some high-level points:
- The Act aims to establish a regulatory authority for real estate projects and ensure transparency. It mandates registration of real estate projects and real estate agents.
- It defines various parties like promoter, allottee, real estate project, apartment, etc. and outlines their rights and obligations.
- Promoters must register projects, disclose all relevant information, deposit 70% funds in a separate account, not advertise without registration, and adhere to plans and timelines.
- The Act provides for grievance redressal mechanisms and consequences if promoters fail to fulfill their obligations
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The document discusses various legal aspects of property transactions in India. It covers topics like agreement of sale, payment schedules, stamp duty, registration, possession, defects, society formation, penalties for builders, and differences between a lease and license. Key points include that an agreement of sale must be registered within 4 months, builders are liable for construction defects for 3 years, and they must form a society within 4 months of selling 60% of flats.
The document outlines the provisions of the Real Estate (Regulation & Development) Act, 2016 of India, including sections that have been brought into force which establish a regulatory authority and various disclosures and registration requirements for new and ongoing real estate projects. Key requirements include compulsory registration of projects prior to any sales, maintenance of escrow accounts, restrictions on changes to plans, and responsibilities of promoters and allottees.
The document provides an overview of the Real Estate (Regulation and Development) Act in India. It discusses the objectives of establishing transparency and protecting consumer interests. It also defines key terms like promoter, real estate project, allottee. The important authorities under the act are the Real Estate Regulatory Authority and Real Estate Appellate Tribunal. Registration of real estate projects with RERA is mandatory, except for certain exempted projects. The process of registration and required documents are also outlined.
This document is an exclusive sub-agency contract between Emlakport Gayrimenkul Yatırım Tic. Ltd. Şti. and Environmental Balance for commercial service. It authorizes Environmental Balance to perform marketing and sales activities for real estate properties in KSA listed in Appendix 1. The contract details the rights and obligations of both parties, including Environmental Balance carrying out advertising to sell properties, inputting customer data into Emlakport's system, and attending training in Turkey. It also specifies that commissions will be paid to Environmental Balance according to the payment terms for each property in Appendix 1, once a sales agreement is signed and advance payment is made by the customer. The contract is valid for 1 year and
The document provides an overview of the Real Estate (Regulation and Development) Act and its objectives, journey, nature and scope. It defines important terms under the Act like promoter, allottee, real estate project, and real estate agent. It outlines the key authorities established under the Act - the Real Estate Regulatory Authority and Appellate Tribunal. It discusses the functions and powers of RERA, and the process for mandatory registration of new and ongoing real estate projects, along with exemptions. It also provides details on the modus operandi for registration of projects in Telangana, including applicable fees and required documents.
The Bill seeks to establish Real Estate Regulatory Authorities (RERAs) at the state level for the regulation and development of the real estate sector. It aims at (a) ensuring consumer protection and (b) standardisation in business practices and transactions in the real estate sector.
The Real Estate (Regulation and Development) Bill, 2013 seeks to establish Real Estate Regulatory Authorities (RERAs) at the state level to regulate the real estate sector and protect consumer interests. The bill aims to define promoters and real estate agents, require their mandatory registration, and establish rules for escrow accounts, cross-border advertising standards, dispute resolution mechanisms, and penalties for non-compliance. It covers both commercial and residential real estate projects across India except Jammu and Kashmir.
The document summarizes key aspects of the Real Estate (Regulation and Development) Act, 2016 enacted by the Government of India to regulate the previously unregulated real estate sector.
The Act establishes a Real Estate Regulatory Authority (RERA) in each state to register real estate projects and real estate agents, maintain records, ensure compliance, and resolve disputes. It also establishes an Appellate Tribunal to hear appeals of RERA decisions.
The Act mandates registration of real estate projects with the RERA, except for small projects. It also requires registration of real estate agents. Promoters have functions like maintaining project details on the RERA website and providing information to allottees. The Act aims
The document summarizes a lecture given to civil engineering students about the Maharashtra Real Estate Regulatory Authority (MahaRERA) Act 2016. The key points covered in the lecture include an overview of the real estate sector laws in India, the need for the MahaRERA Act, its key definitions, provisions regarding registration of real estate projects and agents, obligations of promoters, and rights of allottees. The lecture aimed to provide an understanding of the important aspects of the new law regulating the real estate sector in Maharashtra.
The Regulation and Development Act, 2016 & the Construction and Demolition Waste Management Rules, 2016 and its implications on Builders, Real Estate Agents, Developers, Ends Users etc.
Sale agreement draft vishweshwar karkal g 1001[1]rajivkotak
This document is a sale agreement between a vendor/sale deed holder and purchasers for the sale of an apartment located in Bangalore, India. The vendor had previously purchased shares in the development land and constructed an apartment which they are now selling to the purchasers. Key details include the apartment is a two bedroom unit on the 10th floor of the residential complex known as Purva Highlands, with a built up area of 1083 square feet. The purchasers agree to pay the vendor 49.5 lakhs (Rs. 49,50,000) for ownership of the apartment and shares in the development land. The payment will be made in installments, with the balance due within 30 days of signing
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1. MEMORANDUM OF UNDERSTANDING <br />This Memorandum of Understanding (“MOU”) is entered and executed by and between: <br />Broking Stone property consultant, a Broking Stone property consultant, having its office situated at House No. 5, Jackni, Parra, Bardez-Goa: 403510), India, (hereinafter to be referred to as “Broking Stone property consultant”), which expression shall include its executors, administrators and assigns of the First Part; <br />And <br />(Name of the Construction Company) a Company incorporated under the provisions of the Companies Act, 1956, having its office situated at (Address of the Construction Company), (hereinafter to be referred to as “Developer”), which expression shall include its executors, administrators and assigns of the Second Part; <br />Broking Stone property consultant and the Developer shall collectively be referred as to the “Parties” and individually be referred as “Party” where the context permits.<br />WHEREAS Broking Stone property consultant has established independent network of real estate brokers in Goa<br />AND WHEREAS the Developer is engaged in the business of construction of housing & Commercial complex and is currently building the complex named “(NAME OF THE PROJECT)” at (Address of the project) (hereinafter to be referred as “the Project”); <br />AND WHEREAS Broking Stone property consultant represented that the real estate transactions in terms of this MOU shall be done only by BROKING STONE Network and Broking Stone property consultant is only signing this MOU for and on behalf of BROKING STONE Network; <br />AND WHEREAS Broking Stone property consultant and the Developer after various discussions and meetings agreed to appoint BROKING STONE Network exclusively to list the Project on its website and assist the Developer in selling the units of the Project to the customer on the terms and conditions referred hereinafter: <br />NOW THEREFORE, in consideration of the promises, mutual covenants and agreements contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby mutually acknowledged, the Parties agree as follows:<br />1. EXCLUSIVE AUTHORITY TO SELL/LEASE PROPERTY: The Developer gives BROKING STONE Network EXCLUSIVE RIGHT TO SELL _____ units, more particularly described in Schedule A attached hereto (“hereinafter to be referred to as “(Flat/Apartments)”) of the Project at the price and terms described below. It is acknowledged that this MOU does not guarantee a sale. The Flat/Apartment(s) will be offered to any person without regard to race, color, religion, sex, handicap, familial status, national origin or any other factor protected by law of India. The Developer represents and confirms to Broking Stone property consultant that he is the absolute owner of the said Flat/Apartments with all rights to sell the same. The Developer hereby agrees that he will not give the right to sell the Flat/Apartments to any third party during the tenure of this MOU. <br />2. LISTING PRICE: The Developer instructs to market the Flat/Apartments of the Projects at the following price: <br />The Developer agrees to sell the Flat/Apartments for the Listing Price or any other price acceptable to the Developer. <br />3. TERM: This listing begins on ____________ and ends at 11:59 p.m. on ____________.<br />Upon full execution of a contract for sale and purchase of the Flat/Apartment(s) or any other document transferring the right of Flat/Apartment in favour of the customer, all rights and obligations of this MOU will automatically extend through the date of the actual closing of the sales contract fixed for three months.<br />4.OBLIGATIONS AND AUTHORITY OF BROKING STONE PROPERTY CONSULTANT: Broking Stone property consultant agrees to make diligent and continued efforts to sell the Flat/Apartments through BROKING STONE Network. The Developer authorizes BROKING STONE Network to:<br />(a) Advertise the Property as BROKING STONE Network deem advisable in newspapers, publications, computer networks, including the Internet and other media; place appropriate transaction signs on the Property, including “For Lease / Sale” signs and “Sold” signs (once the Developer signs a Lease / Sales contract); and use the Developer’s name in connection with marketing or advertising the Property;<br />(b)Obtain information relating to the present mortgage(s), if any on the Flat/Apartments/Project. <br />(c)Place the property in a multiple listing service(s). The Developer authorizes BROKING STONE Network to report to the BROKING STONE listing website this listing information and price, terms and financing information on any resulting sale. The Developer authorizes BROKING STONE Network, the BROKING STONE listing website to use, license or sell the active listing and sold data.<br />(d)Provide objective comparative market analysis information to potential buyers, if any; and<br />(f) Act as a transaction broker.<br />The Developer is advised to secure or remove valuables. The Developer agrees that the lock box is for Developer’s benefit and releases Broking Stone property consultant, BROKING STONE Network and persons working through BROKING STONE Network from all liability and responsibility in connection with any loss that occurs. <br />5.DEVELOPER’S OBLIGATIONS: In consideration of Developer’s obligations, Developer agrees to:<br />Cooperate with BROKING STONE Network in carrying out the purpose of this MOU, including referring immediately to BROKING STONE Network all inquiries regarding the Flat/Apartment’s transfer, whether by Lease / Sale or any other means of transfer.<br />Cooperate and permit BROKING STONE Network, its affiliates, executives/agents/lawyers etc. at all reasonable hours during the subsistence of this MOU to inspect the condition of the Flat/Apartments and all documents in original and to leave notice of all process/procedures the Developer has to undertake in order to update all documents as required by the prospective buyers. <br />Provide BROKING STONE Network and/or its executives with keys to the Flat/Apartments and make the Flat/Apartments available to show during reasonable times.<br />Inform BROKING STONE Network prior to leasing, mortgaging or otherwise encumbering the Flat/Apartments.<br />Subsequent to inspection of title documents if it is found that title document of the Developer have to be updated before concerned authorities or any payment of taxes, cess and levies, etc are to be made to the concerned revenue authorities etc., the job of applying, processing and obtaining such paid receipts, license, certificates, extracts, etc. may be taken up by BROKING STONE Network on the payment of process fee that shall be determined by BROKING STONE Network on a case to case basis, payable by the Developer. The Developer shall bare all payment of taxes, cess, levies, etc to be made to the concerned authorities with regard to the Flat/Apartments. However, the time delay involved in undertaking such jobs of applying, processing and obtaining such paid receipts, license, certificates, extracts, etc shall not have any bearing on the time period / duration of this MOU.<br />6.BROKERAGE: The Developer shall pay to BROKING STONE Network 2% Brokerage on Sale plus applicable taxes including service tax for procuring a customer/buyer who is ready, willing and able to purchase the Flat/Apartment or any interest in the Flat/Apartment on the terms of this MOU or on any other terms acceptable to the Developer. BROKING STONE Network’s fee is due in the following circumstances: <br />(1)If any interest in the Flat/Apartment is transferred, whether by sale, lease, exchange, governmental action, bankruptcy or any other means of transfer, through BROKING STONE Network. <br />(2)If the Developer refuses or fails to sign an offer at the price and terms stated in this MOU, defaults on an executed sales contract or agrees with a buyer to cancel an executed sales contract. <br />(3)If, within __________ days after Termination Date (“Protection Period”), the Developer transfers or contracts to transfer the Flat/Apartment(s) or any interest in the Flat/Apartment(s) to any prospects with whom the Developer, BROKING STONE Network or any real estate licensee communicated regarding the Flat/Apartments prior to Termination Date. However, no fee will be due if the Flat/Apartment is relisted after Termination Date and sold through another broker.<br />7.TERMINATION: On BROKING STONE Network not being able to identify any prospective buyers, this MOU will be terminated automatically as on _____________, upon which the Developer shall re-deliver all papers in their possession with regard to the Flat/Apartments and remove all signage, temporary structures, etc. from the Flat/Apartments/Project and shall return its status to as before signing this MOU thereto without any claim for compensation on that account. On the other hand the Broking Stone property consultant and/or BROKING STONE Network will not be liable to compensate the Developer for any reason whatsoever for not selling the Flat/Apartments.<br />8.FORCE MAJEURE: No party shall be liable for failure to perform any obligation of such party hereunder to the extent and for such period as such failure is due, in whole or in part, to the occurrence of any condition beyond the control of such party, including without limitation, war (whether an actual declaration is made or not), embargo, blockade, sabotage, insurrection, rebellion, riot or other act of civil disobedience, act of a public enemy, act of any Government or any agency or subdivision thereof (including any governmental approval(s) required in connection with approval of any of the transactions contemplated hereby), judicial action, labour dispute, strike, lock-out, other labour or industrial disturbances, fire, accident, explosion, epidemic, quarantine, restrictions, storm, flood, earthquake or other act of god, which condition has been reasonably provided against and which, cannot be overcome by due diligence.<br />9.WAIVER: Neither the waiver by any party of a breach of, or a default under, any of the provisions of this MOU, nor the failure of any party, on one or more occasions, to enforce any of the provisions of this MOU or to exercise any right or privilege hereunder shall thereafter be construed as a waiver of any subsequent breach or default of a similar nature, or as waiver of any of such provisions, rights, or privileges hereunder.<br />10.NOTICES: All notices and demands hereunder shall be deemed properly given if (i) personally delivered, or (ii) sent through Registered Post Acknowledgement Due, to the first Party or to second Party on the address first hereinabove mentioned. <br />11.ENTIRE AGREEMENT: This MOU comprises the entire understanding between the Parties with respect to the subject matter hereof and supersedes all prior representations, negotiations, writings, understandings, and agreements with respect thereto.<br />12.ARBITRATION: The parties shall attempt to resolve any dispute in connection with this Agreement through amicable good faith discussions. Any dispute arising in connection with the terms of this Agreement which have not been resolved pursuant to amicable negotiations and which cannot be resolved within 30 days from the date of such notice of dispute or difference shall be referred to arbitration. The proceedings of such arbitration shall be governed by the provisions of the Indian Arbitration and Conciliation Act, 1996 or any modification or re-enactment thereof for the time being in force. The award shall be binding on the Parties.<br />13.GOVERNING LAW: This Agreement shall be governed by and construed in accordance with the laws of India.<br />14.JURISDICTION: For all purposes competent Courts here in Goa will have jurisdiction to deal with any disputes that may arise on account of violations of the covenants stipulated in this MOU. <br />IN WITNESS WHEREOF, the parties have executed this Agreement on the day, month and year first above mentioned. <br />Form: Broking Stone property consultant<br />Name: Shravan T. Mirajkar<br />Title: General Manager<br />Date: ______________<br />Place: Parra-Goa, India<br />For ______________________________________________________________ Pvt. Ltd. (name of the Seller /Construction Company)<br />Name: ____________________________________<br />Title: ______________________________________ <br />Date: _________________<br />Place: Parra-Goa, India<br />(Signature)<br />