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Q.

(Development of property) agreement

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Development of property Agreement The kind of agreement which tells the collaboration between a Developer (a person who is going to develop the property.) and the owner of the property. Here the developer is a person who is in the business of building. Where do you need this agreement? This kind of situation arises when the owner of the land have not money to spend on the property and the builder(builder and Developer are the same person)is not the owner of the property. Then both of them can strike an agreement between each other that they will develop the property by constructing some residential or commercial apartments and earn some money out of it. Who Will need the document? The builder who is going to work with the owner to develop this specific property. Owner of the land, who wants to entrusts his/her property into builder/Developers's Hands.
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