2) There should be a clause: that the owner would give a bank guarantee, that the construction would be completed within a specified period of time and, in the event of a breach, you can conclude the BG development agreement, giving the owner the right to develop the land – you should also mention in the above agreement that this cooperation contract is limited to the construction and authorization of the competent authority on behalf of the owner, and not to the transfer of part of the land, without the consent of the landowner. We have cpmprehensive Swissen and first hand experience with all premium builders, we have a bunch of a few who believe in high-end construction and maintenance for reliability, to offer you a safe collaboration process, leading to a new modern fire construction in accordance with European standards that offer great yields in the near future. A brokerage company like SouthDelhiFloors plays a very important part of the whole process, our work begins with introducing you with the whole collaboration process, choosing the appropriate builders who might be interested in the project mentioned, arrugging meetings of both parties to decide their respective shares, negotiate on finances and specifications of the materials used. Everything is detailed and limited to a cooperation agreement that details all the standard conditions for the construction of new buildings. – A cooperation agreement is an agreement between a landowner and a contractor, in which the landowner contributes to the land and the developer assumes responsibility for obtaining permissions, the development of the land, the launch and marketing of the project with the help of his financial means. 2. Owners should exercise due diligence and refuse to execute agreements containing sweeping clauses that lead to kneeling on their property rights. The property must be handed over with certainty for the renovation to begin, but it must not be irrevocable in favour of the owner. We take care of all the papers on the right of Collaboration Agreement, Will, Mutation, Affidavits, General / Specific Power of Attorney in the names of owner, letter of possession… The owner of GPA authorizes the execution of the contract for the sale of his share of the dwellings, but no deed of sale is executed until the owner receives his share of the dwellings / profit. Violation of this clause, contract is in progress on construction costs and no right of recovery by the owner.
– the property belongs to the owner of the land, but the owner of the land grants the owner, along with operating rights, a licence to enter the land for development. – In addition, in the event of a breach of the terms of the cooperation agreement, the owner of the land has the right to revoke the power of attorney. You have nothing to spend, since the owner will build at his own expense, and without the need for supervision, as now, most contractors have in the house construction engineers for project follow-up.