When developing a property and owner contract, follow the following steps: It is perfectly normal for the landowner to transfer the rights/titles of the property to his family member as part of the family subdivision. These transfers are executed by GPA. In other scenarios, the owner asks the buyer to transfer the money to a family member. The reason for these scenarios is “legacy.” The country is hereditary and, in most cases, I have found that the joint development agreement is signed by 15 to 20 people, including children under the age of 10. In such cases, either one of the landowners holds the GPA of all parties involved, or there is a family agreement between the landowners to allow a person to cede the property through the GPA. In many cases, I have observed that the landowners owned Benami. Therefore, the buyer should be especially careful. This agreement is necessary when a landowner and the facility decide to enter into a joint venture for the development of the land. The development agreement defines how the joint venture is implemented. The obligations of both parties are defined in the contract and it is ensured that the construction is carried out in a manner that meets all legal requirements.
The definition of an appropriate interest rate is very important in a development agreement. There are, for example, situations in which the project is implemented in phases. After the first phase, the value of the land may even increase and if the profit participation rate remains blocked at a fixed rate, the owner may feel that he is earning more and wants to renegotiate the contract. This should lead to a dispute between the parties and may prove to be a deadlock in the proper implementation of the agreement. Therefore, in such cases, the parties may develop a structured plan to increase the interest rate in favour of the landowner if the value of the land is valued over a period of time, while the project is still under construction. My general observation is that, in almost all cases, it is profitable for the landowner to enter into a common development agreement instead of selling land. On the contrary, from the buyer`s point of view, the best possible scenario is that the owner should be the owner of the land. It excludes any disputes related to land or between owners and owners. Prestigious owners prefer to buy the land and then build a project. Let`s look at 5 important points that need to be taken into account by the buyer to avoid being deceived.
2. The owner has the right to establish the planning plan for the construction projected on the land on the land, which is approved by the company and the town planning and planning of the land on behalf of the landowners. All costs of preparing and sanctioning the card to be supported by Builder Party No. 2. Ideally, when a person develops the country in terms of legal responsibilities, it is the developer who bears the burden of obtaining all building permits and complying with the legal requirements in the development of the project. To do so, the landowner executes a registered power of attorney in favour of the developer, which authorizes him to go to the authorities and apply for permissions on behalf of the first company. For example, once a landowner is powerful to the owner, then the owner can simply, as a broker of the landowner, ask the municipal agency for the building permit, the fire department for the fires and the real estate authority for reRA registration.