Versatile Legal
Veena R
27 Years Exp
Construction Agreement Review (Show More)
Bangalore , Industrial Estate (Bangalore)
View Answers by this Partner (3)
Profile Views : 21309
Information
Overview
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
Photos
Name : Veena R
Law Firm Name : Versatile Legal
Country : India
City : Bangalore
State : KARNATAKA
Practicing Since: 1998
About Your Firm : I am an advocate having 20 years experience. I have initially worked for a senior advocate for 6 years where I was responsible to take care of court matters, property title verifications, registrations, khata transfer and related services. Subsequently, I worked for two leading law firms in Bangalore for a period of 1 1/2 years post which I started practising independently from 2009 onwards. I render services in the areas of litigation, real estate and corporate documentation.
| Sr Employee Associated | Sr Employee Enrollment/Reg.No | Sr Employee Enrollment/Reg.State |
|---|---|---|
| Veena R | Kar 628/1999 | Karnataka |
| Jr Employee Associated | Jr Employee Enrollment/Reg.No | Jr Employee Enrollment/Reg.State |
Forming Owners Associations/Societies ( Apartments )
Forming Owners Associations/Societies ( Layouts )
Legal Opinion/Title Certification ( Apartment/Builder Floor )
Legal Opinion/Title Certification ( Residential Layout )
Legal Opinion/Title Certification ( Villa Project )
Power of Attorneys ( Drafting General Power of Attorney )
Power of Attorneys ( Drafting Special Power of Attorney )
Legal & Drafting
Lease/Rental Agreements ( Commercial Lease Agreement )
Affidavits ( Name & Address Affidavits )
Agreements/Deeds ( Agreement of Sale )
Agreements/Deeds ( Partition Deed )
Lease/Rental Agreements ( Residential Lease Agreement )
Affidavits ( Personal Affidavits )
Agreements/Deeds ( Construction Agreement )
Agreements/Deeds ( Memorandum of Understanding )
Packages ( Legal Opinion to Registration (Plot/Site) )
Lease/Rental Agreements ( Room Rental Agreement )
Affidavits ( Student Affidavits )
Agreements/Deeds ( Sale deed )
Agreements/Deeds ( Joint Development Agreement )
Packages ( Sale Agreement to Registration (Plot/Site) )
Lease/Rental Agreements ( Office Sharing Agreement )
Affidavits ( Gas Affidavits )
Agreements/Deeds ( Gift Deed )
Registration Assistance ( Plot )
Packages ( Sale Agreement to Registration (Apartment) )
Procure Revenue Documents ( Encumbrance Certificate )
Affidavits ( General Affidavits )
Agreements/Deeds ( Sale Agreement/Deed Review )
Registration Assistance ( Apartment )
Packages ( Legal Opinion to Registration (Apartment) )
Procure Revenue Documents ( Khata Extract )
Affidavits ( Other Affidavits )
Agreements/Deeds ( Construction Agreement Review )
Registration Assistance ( Revenue/Other Site )
Legal Opinion (Written) ( Plots )
Procure Revenue Documents ( Khata Certificate )
Property & Documents Inspection ( Plot/Site Insepction )
Agreements/Deeds ( Rectification Deed )
Lease/Rental Agreements ( Apartment Rental Agreement )
Legal Opinion (Written) ( Apartment )
Procure Revenue Documents ( Khata Transfer )
Property & Documents Inspection ( House/Apartment Inspection )
Agreements/Deeds ( Relinquishment deed )
Lease/Rental Agreements ( House Rental agreement )
Legal Opinion (Written) ( Villas )
Power of Attorneys ( General Power of Attorney )
Property & Documents Inspection ( Documents Inspection in Builder Office )
Agreements/Deeds ( Mortgage Deed )
Lease/Rental Agreements ( Commercial Office Rental Agreement )
Legal Opinion (Written) ( Independent House )
Wills ( Make A will )
Agreements/Deeds ( Exchange Deed )
Lease/Rental Agreements ( Commercial Shop Rental Agreement )
Legal Opinion (Written) ( Revenue/Other Site )
Notary & Attestation Services ( Get A Document Notarised )
Agreements/Deeds ( Release Deed )
NRI Services
Power of Attorneys for NRIs ( General Power of Attorney by NRI )
Subject : Cost of rental agreement
Question : What is the total cost of rental agreement including stamp paper for rental in Hebbal apartment and how much time to send
Answer by Versatile Legal : If the term of the rent is less than one year, the minimum stamp duty payable is Rs. 500/- on a rental agreement. Normally, the stamp duty is payable on the rental value and the security deposit that is paid. If the details of the property, rent and security deposit, parties addresses are sent, we could take about two hours to send the draft of the rental agreement.
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 Versatile Legal : Yes you can but incorporate the property description in detail and also specify that this property is under construction and will be delivered to you within a particular timeframe. In the event you have signed an agreement of sale with the builder, make the agreement as an annexure to the Will, so that it will not be disputed later on that the property was acquired after execution of the will.
Subject : Difference between a "mortgage" and a "lease"?
Question : What is the difference between a "mortgage" and a "lease" Please explain
Answer by Versatile Legal : Mortgage is the transfer of an interest in specific immovable property for the purpose of securing the payment of money advanced or to be advanced whereas lease of an immovable property is the transfer of a right to enjoy a property for a specified time period and can be express or implied.
In a mortgage, there is interest involved whereas in a lease, the permission to use the property is granted subject to payment of lease rent and security deposit.
