This document outlines the terms of a development agreement between owners and developers for a property. It defines responsibilities for both parties regarding development and construction of the property according to agreed plans, schedules for payment, and consequences for default or breach of contract. It also includes standard clauses around warranties, representations, notices, dispute resolution and more.
9. • Marketable Title
• No Encumbrances
• Possession
• Power and Authority
• Valid and Binding
• No Impediment
• No Prior Agreement
• No Acquisition and Requisition
10. • No Reservations
• No Violation of Land Laws
• No Lispendence
• No Third Party Rights
• Deliver Documents
• Execute Further Documents
• Further Assurances
• Family Consent
13. • Inspection of Title Documents
• Development Potential
• Development Plan
• Payment Term
• Name Board
• Symbolic Possession
• License Permission
14. • Development and Construction
• Development Control Regulations
• Modification of Sanctioned Plans
• Authority to Sell Flats
• MOFA
• Plinth Completion Certificate
• Quality Guarantee
15. • No Encroachment
• Building Completion Certificate
• Occupation Certificate
• Delivery of Flats
• Compliance with law
• Taxes and Outgoings