VERMA & ASSOCIATES

 GAJANAND VERMA

 41 Years Exp

 Construction Agreement (Show More)

 Jaipur , Shyam Nagar (Jaipur)

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Information

A construction agreement is a contract between the builder and the buyer. It describes the rights, duties and obligations of both parties in their dealings with each other. It is important for both the construction contractor and buyer to sign this agreement before they perform any work. The construction agreement can be used for both residential and commercial projects. The contents of the agreement may vary based on the nature of the project.

Some of the information included in a construction agreement are

•    Names and addresses of both the parties
•    Location and address where the construction work is to be done
•    Description of the construction/renovation work to be done with timeline
•    Materials that will be used during the construction
•    Duration of the project
•    Details and method of payment
•    Methods to handle any change in work order
•    The buyer and seller should check that the title flows in the parent documents are correct and does not miss any previous buyer or seller. This is a common type of fraud.Penalty in case the builder defaults in any of the clauses mentioned in the construction agreement


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Name : GAJANAND VERMA

Law Firm Name : VERMA & ASSOCIATES

Country : India

City : Jaipur

State : RAJASTHAN

Practicing Since: 1984

About Your Firm : Verma & Associates is a Proprietary Firm practicing in Taxation (Income Tax & GST), Corporate (Incorporation of Company, LLP and compliance's thereof ), Project Report & Financing from Banks, Formation of Trust, Preparation of Sale, Lease, Franchisee Agreement, Affidavit, Will, Partnership deed and all kind of deed

Manpower/Employee Details

Sr Employee Associated Sr Employee Enrollment/Reg.No Sr Employee Enrollment/Reg.State
Gajanand Verma R/101/91 14649/R/101/91
Jr Employee Associated Jr Employee Enrollment/Reg.No Jr Employee Enrollment/Reg.State

 

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Subject :  Difference between a "mortgage" and a "lease"?
Question :  What is the difference between a "mortgage" and a "lease" Please explain

Answer by VERMA & ASSOCIATES :  Mortgage: Property pledged against financial commitment (Loan) with any financial institution Lease: Property occupy for a certain period for use on monthly consideration

Subject :  Drafting a Will
Question :  Can i specify an under construction property in the Will? The property will be delivered only after a year. But i want to register the Will now by bequeathing my properties to my son. Is that possible?

Answer by VERMA & ASSOCIATES :  Yes, you can make will of under construction property in favour of your son, even though will can be made of any property to be acquired in future