What this draft covers
- Parties: developer, society (confirming party) and member
- Description of existing and new flat, carpet area and amenities
- Rent, brokerage, shifting charges and corpus
- Timelines, delay compensation and bank guarantee
- Possession, occupation certificate and defects liability
- Stamp duty, registration and schedules
When to use it
Use when a member of a housing society is vacating for redevelopment and needs a registered agreement for the new flat before handing over possession.
Format: Editable Word document (.docx), 4 pages.
Preview
[To be executed on non-judicial stamp paper / e-stamp of the applicable value]
PERMANENT ALTERNATE ACCOMMODATION AGREEMENT
THIS AGREEMENT is made at Mumbai on this [●] day of [month], 20[●]
BETWEEN
[Name of developer], a [company / partnership firm] having its office at [address], [PAN ●], through its authorised signatory [name], hereinafter called the “DEVELOPER” of the FIRST PART;
AND
[Name of the Society] Co-operative Housing Society Ltd., Registration No. [●], having its address at [address], through its authorised office-bearers, hereinafter called the “SOCIETY” of the SECOND PART;
AND
[Name(s)], residing at [address], [PAN ●], hereinafter called the “MEMBER” of the THIRD PART.
WHEREAS
A. The Society owns the land bearing [CTS] No. [●] of Village [●] and the building known as [●] (the “Property”), described in the First Schedule.
B. The Member holds Share Certificate No. [●] and Flat No. [●] admeasuring [●] sq. ft. carpet area in the …
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