Permanent Alternate Accommodation Agreement (Society Redevelopment)

₹499.00 incl. GST

A detailed agreement between the developer, the society and an individual member for a new flat in the redeveloped building, rent during construction, corpus and protections for the member.

Editable Word document4 pagesDetailedInstant download

Template for general reference only; not legal advice. Adapt it to your facts and have it checked by an advocate before use.

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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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How do I get the draft?

Once you pay (or, for free and included drafts, once you are logged in), the Word file is available immediately under My account, Downloads.

Can I edit it?

Yes. Every draft is an editable Word document. Fill in the blanks and adapt the clauses to your facts.

Does it need stamping or registration?

Many property and transfer documents attract stamp duty, and some must be registered. Check the stamp and registration requirements for your document and State, or ask your advocate.

Is this legal advice?

No. It is a template for reference. Have it checked by an advocate before you rely on it.

Can I share it?

Paid drafts are licensed for your own use. Free drafts may be shared freely.

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