1. Owners receive the agreement drawn up according to their interests. In the remediation contract, the owner must hand over the clear property to the owners. Unless the property is handed over to the owner, as he will build a building on this empty space. – You should also mention in the above agreement that this cooperation agreement is limited to the construction and approval by the competent authority on behalf of the owner, and not to the transfer of part of the land, without the consent of the landowner. A development contract should be concluded, in which you grant the owner the right to develop the land – in addition, in the event of a breach of the terms of the cooperation agreement, the owner of the land has the right to revoke the power of attorney. – the licence or authority to enter the country is generally granted by proxy in favour of the owner and this general power should be registered with the clerk in order to be legally binding on both parties. The conclusion of a joint development contract not only allows the owner to avoid trouble when building a property, but also to save money when buying land, which is usually a significant part of the cost of the project. However, when purchasing a property built on the basis of such an agreement, it is always advisable for a buyer to keep in mind the defects of the JDA, if any; Fraud by landowners and the chances of obtaining unauthorized loans in the future. JDA is one of the most common aspects in the real estate sector, which limits the owner of the land and the developer in an agreement for the construction of new projects. In return for the land made available by the former, the latter agrees to adopt certain provisions.
2. Owners should exercise due diligence and refuse to execute agreements containing sweeping clauses that lead to kneeling on their property rights. The property must be handed over with certainty for the renovation to begin, but it must not be irrevocable in favour of the owner. The owner of GPA authorizes the execution of the contract for the sale of his share of the dwellings, but no deed of sale is executed until the owner receives his share of the dwellings / profit. Violation of this clause, contract is in progress on construction costs and no right of recovery by the owner. It is not necessary to give a proxy deed of sale in favour of the owner for the construction of the property. The sale status would not be completed until the construction was completed in all respects and subject to specifications. Only a valid remediation contract between the owner and the owner would suffice. In addition, you should obtain due diligence from the agreement mentioned by your own lawyer to determine that your interests are protected. See in the agreement can be mentioned that the owner only hands over the property for construction. Only by reading the clause (if it is in the agreement) that “the owner hands over the free possession of the property which must be irrevocable.