Streak Legals

 Vijyant Nigam

 23 Years Exp

 Construction Agreement Review (Show More)

 Lucknow , Industria Area Chinhat

 View Answers by this Partner (1)

 Profile Views : 38639

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


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Name : Vijyant Nigam

Law Firm Name : Streak Legals

Country : India

City : Lucknow

State : UTTAR PRADESH

Practicing Since: 2002

About Your Firm : Working in the legal field, conveyancing, litigation, drafting, vetting, agreements, MOUs, Contract, Registration, Notaries

Manpower/Employee Details

Sr Employee Associated Sr Employee Enrollment/Reg.No Sr Employee Enrollment/Reg.State
Vijyant Nigam 9809/2002 Bar Council Of Uttar PRadesh
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 Streak Legals :  Much difference Mortgage means to put something as guarantee against any loan or advances from any FI, viz/ bank or financial institution. Lease means to lease out any property by its owner to someone for a certain period of time against which the owner of the property will get rent.