The owner-contractor agreement is "construction contract in exchange for land share".
Content of the Agreement
- Land share of the owner
- Contractor's share of the flat
- Construction period
- Technical specifications
- Temporary rental assistance
- Penal clause (delay)
Landlord Rights
- Selection of specific flats
- Technical control
- Delay penalty
- Withdrawal from contract (fundamental violation)
Contractor Guarantee
- Building inspection insurance
- Financial assurance
- Bank guarantee (large projects)
Supreme Court 15. HD
15. HD accepts that "interpretation in favor of the owner" should be made in urban transformation contracts and that contractor's faults can have serious consequences.
Real estate lawyer is recommended.