The development contract is concluded between the owner and the client/developer. Thanks to this agreement, the owner has received full consideration and the client can sell the building. In addition to the development contract, the developer had also obtained the usual power of attorney. The owner is dead. When the owner received the full consideration at the time of performance of the contract, I do not think it was necessary to receive the PDO. It was practically a sale of the property. According to the POA, the owner is the confirming part of the certificates of sale. In these circumstances, are the contracting authority`s transactions concerned? .. Why is it customary that, when the title is fully transferred through the development agreement, the POA is also taken. Regards! 1. That the developers have agreed to pay a sum of Rs.
…………. (Rupees ………. only as a guarantee of proper compliance with the terms of this Agreement and the success of the project. However, this amount of security will be adjusted in exchange for the consideration upon completion of the building. The developer has agreed to increase the construction of the basement, ground floor, upper floor, upper floor, second floor and terrace on the land under the mentioned land, in accordance with the mutually agreed construction plans between the owner and the developers, which may be approved by the competent authority. I need a question right away I get 6% of the development, how can I save 6% in the owner to the development builder, please offer me (b) THAT the extra sum of Rs. ………….. (Rupees………..
only) is paid to the owner by the developer at the time of handing over the physical ownership of the cited property, after the developer has received the sanction of the plans or before …….,/////. Physical ownership of the developer`s part automatically passes to the developer once the building is complete. Without prejudice to its rights, the Owner may, according to its option, tolerate such late payment from the Developer and extend the payment term if the Developer pays interest in the amount of …….% per annum on the late rate, provided that the Owner, before terminating this Agreement, requires in writing the payment of the above-mentioned amount to the Developer. . . .