Keyword/Phrase

Absolutely seized and possessed

Appoint the developer
Earnest money
Handover the vacant possession
NOC and town planning authorities
Execute a power of attorney
Signed and execute all applications or plans
Equivalent to free hold
No outstanding encumbrances
Deed of conveyance
Recieve the rent and profits
Put up the notice or signboards
Marketable title
 Explanation
Owner is absolutely seized and possessed of a piece of land
Vendor appoints the developer to develop the property at their own cost
Earnest money is paid by the developer to the vendor
Owner shall handover the vacant and peaceful possession of property
Developer at their own cost and expenses persuade the matter regarding NOC and town planning authorities
Vendor shall execute a power of attorney in favour of developer
Vendor shall render all assistance, co - operation and execute or caused to be signed and executed all applications and plans
property is equivalent to free hold
property is free from all sorts of encumbrances
a legal way of transferring legal rights of ownership of immovable property from one person to another
Vendor shall entitle to receive the rent and profits
Vendor have authorised and allowed the developers to put up the notice or signboards
when a seller is selling land to a buyer is that the seller will deliver marketable titleto the buyer at the date of the closing
 Keyword/Phrase
Obstruct the development work
Transfer the benefit and burden
Easement right
keep indemnified the owner
 Explanation
Obstruct the development work to be carried out by the developers
Developers shall be entitled to transfer the benefit and burden of this agreement subject to the terms and conditions
Develop and convey are not subject to easement or rights in the nature of easement
prevent the owner against all losses
 Keyword/Phrase
Entitled to enter into usual agreements
Specific performance
Agreement shall not be treated as partnership
 Explanation
Developer shall be entitled to enter into usual agreements for sale of flats etc
If development be not completed to any wilful default then developer then developer shall be entitled to specific performance
There is no partnership between owner and developer