An Agreement Entered Into Between The Promoter And The Allottee Under Real Estate

By September 11, 2021 No Comments

7. Lease certificate: if the development is on leased land, the developer must issue to the Allottee or the Association des Allottes a lease certificate attesting that all fees and charges relating to the leased country have been paid. If the organiser does not do so, the aggrieved Allotte may lodge a complaint for violation of Article 11(4)(c) of the Act. (z) the form and date on which the Authority prepares an annual report in accordance with Subsection 1 of Section 78; (zq) “approved plan” means the master plan, the master plan, the service plan, the parking and transportation plan, the landscape plan, the basic plan, the urban plan and any other plan, and includes, where applicable, a construction plan, authorizations such as environmental authorizations and other authorizations approved by the competent authority before the start of a real estate project; Buy-back programme: Buy-back programmes are one of the most attractive systems in which the client assures the allotte that the client would buy back the property if the Allotte did not wish to take back its property at an estimated price after a specified period. In such agreements, Allotte may either retain the land or sell it to the contracting authority at the predetermined price. It should also be noted that these systems resulting from the MOUs do not fall within the competence of the Authority or the judicial officer. The forum deals with contractual obligations arising from the purchase contracts of contracting authorities. As regards the use of the letter of intent requested by RERA, the Memorandum of Understanding should be part of the BBA. However, a Memorandum of Understanding containing the secure return system could be considered a contract of sale if the decision-making authority established under the RERA and the Court of Appeal would broadly interpret the definition of the purchase agreement under Section 2(c), taking into account the objectives of RERA and without limitation the definition set out in Article 13(2) and the prescribed purchase agreement, and thus will have exclusive jurisdiction for: Matters related to Article 79. . . .