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What documents should buyer check in builder-buyers agreement?- Property Hotline
Posted
December 21, 2016
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December 21, 2016
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3:27Now PlayingExpert: Nirav Jani, Associate Partner at Hariyani & Co.
Question: I am on the verge of signing a ' builder - buyer ' agreement with a developer in Pune. Your channel has been suggesting to observe due diligence while signing such agreement. Can you help me to provide a checklist of documents I should ask from the developer? Is he duty-bound to supply me a copy of all such documents? I also want the draft agreement to be vetted by a professionally sound legal counsel. What is the fee normally charged by the legal counsels?
Answer: In the builder-buyer agreement you should avail an allotment letter and agreement for sale (MOFA Agreement). Confirmation on whether Society has been formed, title documents pertaining to the land, title certificate of an advocate, IOD and commencement certificate, building completion certificate, sectioned plans of the building and title documents and permissions. These are the important documents in builder-buyer agreement.
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