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Builder And Land Owner Agreement
"I need a Builder and Land Owner Agreement for a commercial plaza development project in Lahore, Pakistan, with a 60-40 revenue sharing arrangement between the land owner and builder, where construction must commence by March 2025."
1. Parties: Details of the Land Owner and the Builder, including full legal names, addresses, and registration details if companies
2. Background: Context of the agreement, including brief description of the property and the intended construction project
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Details: Comprehensive description of the land, including legal title, dimensions, and location
5. Scope of Work: Detailed description of the construction work to be undertaken
6. Rights and Obligations of the Builder: Builder's responsibilities, including construction quality, timeline, and compliance with regulations
7. Rights and Obligations of the Land Owner: Land owner's responsibilities, including access to property and necessary documentation
8. Revenue Sharing/Payment Terms: Financial arrangements between parties, including cost sharing, profit sharing, or payment schedule
9. Construction Timeline: Project milestones, completion dates, and phases of construction
10. Quality Standards: Construction quality requirements and applicable building standards
11. Approvals and Permits: Responsibility for obtaining necessary governmental and regulatory approvals
12. Insurance and Indemnity: Insurance requirements and indemnification provisions
13. Default and Remedies: Consequences of breach and available remedies
14. Dispute Resolution: Process for resolving disputes, including mediation and arbitration procedures
15. Term and Termination: Duration of agreement and circumstances for termination
16. Governing Law: Specification of Pakistani law as governing law and relevant jurisdiction
17. General Provisions: Standard boilerplate clauses including notices, amendments, and severability
1. Marketing and Sales: Include when the builder has rights or obligations regarding property marketing and sales
2. Maintenance Period: Include when the builder provides post-completion maintenance services
3. Environmental Compliance: Include for projects requiring specific environmental considerations or clearances
4. Force Majeure: Include detailed force majeure provisions for areas prone to natural disasters or political instability
5. Intellectual Property Rights: Include when architectural designs or specific construction methods are involved
6. Utilities and Infrastructure: Include when specific arrangements for utilities connection and infrastructure development are needed
7. Third Party Rights: Include when other parties (like architects or project managers) have specific rights under the agreement
8. Bank Guarantee/Performance Bond: Include when additional financial security is required
1. Property Documents: Title documents, property cards, tax receipts, and land surveys
2. Construction Specifications: Detailed technical specifications, architectural drawings, and structural designs
3. Payment Schedule: Detailed breakdown of payment terms, installments, and financial arrangements
4. Construction Timeline: Detailed project schedule with milestones and completion dates
5. Material Specifications: List of approved construction materials and quality standards
6. Permits and Approvals: Copies of all required permits, NOCs, and regulatory approvals
7. Area Allocation: Detailed breakdown of built-up areas and space allocation
8. Quality Checklist: Specific quality parameters and inspection checklist
9. Revenue Sharing Formula: Detailed calculations and methodology for profit/revenue sharing if applicable
Authors
Real Estate
Construction
Property Development
Architecture
Civil Engineering
Urban Development
Infrastructure
Commercial Property
Residential Property
Project Management
Legal
Real Estate
Construction
Project Management
Property Development
Compliance
Architecture
Engineering
Finance
Operations
Property Developer
Construction Manager
Project Director
Real Estate Manager
Legal Counsel
Architect
Civil Engineer
Quantity Surveyor
Contract Manager
Property Manager
Development Director
Construction Site Supervisor
Compliance Officer
Real Estate Agent
Property Consultant
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