The Agreement Between Land Owner And Developer is a crucial document in Singapore's property development landscape, used when a land owner grants development rights to a developer without transferring ownership of the land. This agreement is particularly relevant in Singapore's highly regulated real estate market, where development must comply with strict governmental controls and urban planning guidelines. The document typically covers development rights, construction obligations, profit-sharing arrangements, timelines, and regulatory compliance requirements. It's essential for both greenfield developments and redevelopment projects, providing a comprehensive framework for the parties' rights and obligations while ensuring alignment with Singapore's property development regulations.
Agreement Between Land Owner And Developer for Singapore
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Key Requirements PROMPT example:
Agreement Between Land Owner And Developer
"Need an Agreement Between Land Owner And Developer for a mixed-use development project in Singapore's Central Business District, with specific provisions for green building standards and a profit-sharing arrangement of 70-30 between developer and land owner, targeting construction start in March 2025."
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1. Parties: Identifies and defines the Land Owner and Developer with full legal details
2. Background: Details of the property, development intention, and context of the agreement
3. Definitions: Key terms used throughout the agreement
4. Development Rights: Scope of development rights granted to the developer
5. Development Obligations: Developer's responsibilities regarding planning, construction, and completion
6. Payment Terms: Financial arrangements, including land cost and payment schedule
7. Timeline: Development milestones and completion dates
8. Warranties and Representations: Both parties' assurances regarding authority, title, and capacity
9. Compliance with Laws: Obligations to comply with relevant Singapore legislation and regulations
10. Termination: Circumstances and procedures for terminating the agreement
11. Dispute Resolution: Procedures for resolving disputes between parties
12. General Provisions: Standard contractual provisions including notices, amendments, and governing law
1. Profit Sharing: Terms for sharing development profits between land owner and developer
2. Environmental Requirements: Specific environmental obligations and green building requirements
3. Strata Management: Future management structure for strata-titled developments
4. Marketing and Sales: Terms regarding the marketing and sale of developed units
5. Financing Arrangements: Specific terms related to development financing and security arrangements
1. Schedule 1 - Property Details: Legal description of land, boundaries, and title details
2. Schedule 2 - Development Plans: Architectural drawings, site plans, and specifications
3. Schedule 3 - Payment Schedule: Detailed breakdown of payment milestones
4. Schedule 4 - Planning Permissions: Copies of existing approvals and requirements
5. Schedule 5 - Construction Timeline: Detailed project schedule with milestones
6. Schedule 6 - Technical Specifications: Detailed construction and material specifications
7. Schedule 7 - Required Approvals: List of necessary governmental and regulatory approvals
8. Schedule 8 - Form of Warranties: Standard forms of warranties to be provided
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