I interested in giving my land to a builder for development. The locality is at habsiguda. what are the demands can we write in the agreement!!!please give me the guidelines!!!!!!!!!!
2006-08-16 23:54:05 · 2 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
You can go in for a joint venture agreement for share in profits or sale proceeds. For this purpose you need to get your land valued. Then you need to find ou the estimated cost of construction that the builder is going to incur. Compare the value of the your land with the total cost and your share of profit must be in this proportion.
2006-08-17 04:02:57 · answer #1 · answered by king_con 3 · 0⤊ 0⤋
Good answer from King_Con. A joint venture agmt is one way.
You can also have a long-term lease to the builder and agree either on rent as a flat fee or as a % of revenues generated from the development (e.g. % of lease income from an office bldg/retail center etc).
You can "sell" the land and take back a note to be paid out to you (just like a mortgage).........there are a hundred different ways to do this...
2006-08-17 07:43:56 · answer #2 · answered by boston857 5 · 0⤊ 0⤋