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amu (owner)     20 August 2012

Joint venture between developer and land owner

hi i have a land  to give on development to a developers in ratio of 55 :45 ( developers  : owner ). 

I would like to have respectable lawyers  anwers  to my query.

1) developers would take loan on my property, to develop the site. what remedies can i put i n front of him? or what clause should i mention in agreement that i should not be liable to your loan or liablities .Developers is saying , he would take loan on his share  from a the bank . ...if the developers does this ....would my land get in problem ...incase the developer doesnt fulfill his commitment ...in a worst case situation.

 2) what is legal protocol or procedure to get in a agreement for the same.

I thank for answering my question.

regards

amrish

(maharashtra)

 

 

 

 



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