Professional Documents
Culture Documents
Final Modify 01.07.18
Final Modify 01.07.18
Stamp: Rs………………../-
Ward: Aminabad
V-code: ….……………..
BUILDERS AGREEMENT
This Builder Agreement is made here on this ____day of
______2018 between:
AND
1. Mohammad Farooq S/O Mohammad Zahir R/O 179
afzal mahal, Victoria street, opposite shia college,
Chowk, lucknow, Uttar Pradesh-226003
2. Mohammad Fareed Siddiqui S/O Mohammad Farooq
Siddiqui R/O 179 Afzal mahal, Victoria street,
opposite shia college, Chowk, lucknow, Uttar Pradesh-
226003
hereinafter referred to as the “Second Party” of the
Other Part.
4. That the second party assured the first party that they
are financially capable to execute and complete the
present project without any interruption or delay.
5. That the first party has declared and the second party
has satisfied himself that the aforesaid property, the
subject of this agreement, is wholly free from all
encumbrances such as sale, gift, mortgage, stay, surety
and security, family disputes, acquisition, etc and is not
charged with the payment of any money, or liabilities etc.
6. That in terms of this agreement, the second party will
construct the lower ground floor, upper ground floor, first
floor and second floor.
11. It is further agreed that the First Party shall adjust the
security amount to the Second Party after completion of
the said project and handing over of the possession of the
respective share to the first party.
16. That the second party will provide Electric Load sanction
of the proposed site/Building at his own cost.
19. That the owners/first party shall bear all the outstanding
charges such as property tax, etc. up to the date of
signing of this agreement and during construction the
same will be borne by the builder/second party, whereas
there after both the parties or their nominees/assigns
shall bear the same in proportion to their shares of
constructed area in the building.
22. That the entire South portion of the said building shall
fall in the proportionate share of the second party while
the entire North portion of the building shall fall in the
proportionate share of the first party.
24. That, owners/first party shall have the right to sell, gift,
mortgage, lease etc of their northern share/ portion of
the said building while second party shall have also right
to sell, gift, mortgage etc. of their southern share of the
said building and both the parties can receive all the sale
consideration or advances thereof from the prospective
purchasers.
25. That after the completion of the building and after
handing over possession by the second party to the first
party of the portion allocated to the first party, the first
party will become the owner of all those portions and are
liable to pay all taxes and charges assessed by the Local
authorities in respect thereof. Similar conditions will also
apply to the portions allocated to the second party.
However, it may be clarified here that the second party
will remain liable to pay all the penalties, charges, taxes
etc imposed / demanded of all the building / property by
all L.D.A, Government or any Local authority in respect
of the period during construction and before handing
over possession.
26. That the roof above the portion allocated to the parties
will be in the exclusive ownership of that party and the
other party will have no right to interfere/encroach/use
the other portion.
28. That the second party will complete the inner portion of
the building with plaster on walls, tiles on floor and iron
shutters etc while on the outer portion, the second party
will complete the building in an excellent manner and the
common areas will be completed with tiles flooring, steel
railings and proper lighting and electric fittings.
30. That the second party shall bear and pay the bills of the
labour contractors, suppliers of building materials, wages
and salaries payable to the workmen and other persons
employed for the purposes of carrying out the
construction work.
34. That the second party shall pay all the fee/charges of the
Architect, R.C.C. Consultants, Engineers, Contractor,
Labourers etc appointed by him for the development of
the project and none of them can claim any fee or other
charges from the first party.
36. That the first party will permit the second party and the
second party will remove / demolish the existing
structure and construct a multistoried building upon the
said property at his own costs, risks, expenses and
responsibility on “Principal to Principal” basis and not as
agent of first party.
37. That both the parties are entitles to book the portions
allotted to them of the proposed building for sale / rent
at the price settled by them and the other party will have
no concern with it. Further both the parties can receive
the advance amounts from the proposed persons and the
other party has nothing to do with it.
38. That both the parties will have a right to execute deed of
the portions allocated to them after receiving all the
price. However there is no such requirement in the case
of letting out the portions on rent.
BOUNDARY
East : Lane
West : Aminabad Road
North : Lane
South : Other Property (Arya Homeopathic)
1. FIRST PARTY
2. SECOND PARTY/BUILDER