Land develop with terms and conditions -legal agreemnt
Seikh Mohammed Iqbal
(Querist) 17 April 2012
This query is : Resolved
Dear Sir,
my relative have land in Hyderabad city,320 sq yard which my eleder brother ready to develope as per the below terms and condition which he need to make legal paper work before start to avoid any probelm in future. also he want the NOC from the other brothers and they are ready to give. will appreciate if you expert guys review the agreement and advise if any legal comments required into this agreement also please provide any sample NOC copy which we need to take from others brothers. Many Thanks for your valuable advice:
Agreement
This agreement is made on dated _____________________ , between Mir Alamdar Ali, Passport number F2826726, Kaneeze Syeda, Passport Number H2251791 resident of House Address 18.12.419/A/96/2, Hafez Baba Nagar, Kanchan Bagh, Hyderabad, AP, India will hereby referred as FIRST PARTY
AND
Mohd Baquer Ali, passport Number ___________________, Kaneeze Zainab, Passport Number _____________________, Mohammed Mustafa, Passport Number ___________________, Mohammed Hasnain Ali, Passport number ________________________, Mohammed Rizwan Ali, Passport Number ___________________________ resident of 16-6-368, Noorkhan Bazar , Osman Pura, Chaderghat, Hyderabad, AP India Will be here by referred as SECOND PARTY
Above both parties (First and second) have agreed with their full consciousness and awareness has entered this agreement with the following agreed terms and conditions as follows:
- The attached plot layout of 320 square yard, number_______________ is owned by Second Party, registered on the name of Mohammed Baquer Ali, shall be developed on the cost of first party with G+2 (Ground, first and second floor only)as per agreed attached plan. After completion of agreed construction as stated, the second party should immediate transfer the property (first floor and one commercial shop) and handover to the First party.
- The total cost of the construction G+2 (Ground, first and second floor only) borne by the first party will be returned back by second party to first party by giving all the monthly renting amount of the construction including advance, etc. till the total cost of construction is covered.
- The second party is not authorized to take any rent amount till total construction cost paid to the first party irrespective of time frame in days, months or years.
- The second party should try their best to settle the construction cost amount to first party as early as possible.
- The original documents of 320sq.yd land registered on the name of Mohammed Baquer Ali shall be kept under first party custody till the above agreement deed completion.
- Second party shall submit in written no objection certificates from his earlier owner of land and his brothers (neighbors) stating they have no legal or any type of financial dispute or any claim whatsoever with second party as may cause hindrance to the construction and may affect first party in future.
- Second party shall have no right to claim anything other than the above mentioned terms and conditions with First party.
- All the construction cost shall be recorded and maintained by second party and update the first party with proper mechanism.
- All arrangements pertaining to construction, dealings, supervision, procurement of material, coordination, arrangement of miscellaneous and follow up of the construction till completion shall be carried out by second party free of cost and without any claims.
All above written are completely accepted and agreed with their full awareness and conscious by First and second party and below the record of their acceptance
First Party
Mir Alamdar Ali Signature
Kaneeze Syeda Signature
Second Party
Mohammed Baquer Ali Signature
Kaneeze Zainab Signature
Mohammed Mustafa Signature
Mohammed Hasnain Ali Signature
Mohammed Rizwan Ali Signature
Witness:
1.
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3.
Attachments:
Plot layout
Construction Plan
No Objection Certificate by the first owner and brothers
Devajyoti Barman
(Expert) 17 April 2012
Please engage an advocate to do this job.
You can bear his costs.
Raj Kumar Makkad
(Expert) 18 April 2012
Such personalized services are not provided by this site free of cost.
You can even hire any of the experts for your personal problem if you require.
Shonee Kapoor
(Expert) 18 April 2012
I agree with experts.
Regards,
Shonee Kapoor
harassed.by.498a@gmail.com
ajay sethi
(Expert) 18 April 2012
spend some money on legal fees too
