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Other Agreement
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Other Agreement
Get all your property-related agreements done, over & above the aforementioned ones.
(You can describe your requirement, we will call you back)
Frequently Asked Questions
When it comes to the contract executed by real estate/housing complex developers and financiers, the following are the most common types of agreement executed between the parties:
- Joint Development Agreement
- Tripartite Agreement
- Loan Agreement
- Construction Loan Agreement
- Option Agreement
Tripartite Agreement involves three parties to the agreement i.e. seller/developer, buyer/borrower and financial institution/lender. It is usually executed when the home buyer is in the need of money to complete the transaction with the developer. The financial institution comes into the picture wherein they lend money and if the borrower is not able to repay the money then the property would belong to the financial institution, which the home buyer can’t deny and have to accept them as a new owner of the property.
Yes, Our team of expert lawyers will help you with drafting of each and every agreement in relation to the property matters.
The Construction Loan Agreement is a legally binding contract between two parties’ i.e. borrower and lender wherein for carrying out the work of construction of the building or for funding of construction project, a short term loan is taken from the financial institution or from non-banking financial institution by the developer of the building.
The Option Agreement will give the right to the party to the contract to the first chance of purchasing a specific piece of property at a specific price at some future date. It is a legally binding agreement between the buyer and seller which is legally enforceable by law.
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