Society can terminate development agreement

  • What is a development contract?

    Overview.
    A development agreement is a voluntary contract between a local jurisdiction and a person who owns or controls property within the jurisdiction, detailing the obligations of both parties and specifying the standards and conditions that will govern development of the property..

  • What is master development agreement?

    Master Development Agreement means an agreement between the master developer and the political subdivision to govern a STAR bond district and any STAR bond projects..

  • A Joint Development Agreement (JDA) is a contract between a landowner and a developer to develop a property.
    In a JDA, the developer agrees to provide various services, and the landowner agrees to provide the land for development.
  • Master Development Agreement means an agreement between the master developer and the political subdivision to govern a STAR bond district and any STAR bond projects.
  • Overview.
    A development agreement is a voluntary contract between a local jurisdiction and a person who owns or controls property within the jurisdiction, detailing the obligations of both parties and specifying the standards and conditions that will govern development of the property.

How is a development agreement terminated?

Termination of Development Agreement

At the same meeting at which the PRD Revocation/Zoning Enactments are adopted, the Village will adopt a resolution approving an agreement to terminate the Development Agreement

The Parties will then execute a Development Agreement termination agreement

Termination of Development Agreement

What are the elements of a development agreement?

Each agreement will, of course, require to be tailored to the parties and the circumstances of the particular development, but they tend to have a number of elements in common

Many include some or all of the following obligations on the developer: to carry out the particular development in line with agreed plans and specifications;

What happens if DC terminates this agreement without cause?

In the event DC terminates this Agreement without Cause prior to the completion of the Initial Term, DC agrees that the amount paid by Annies on the effective date of termination is satisfactory consideration for the Formulas in addition to all other remedies available to Annies

If the reply of the builder is not satisfactory and if there is no immediate payment of rent arrears then the society can terminate the DA by passing a resolution to that effect at a special general body meeting. You will have to also simultaneously cancel the power of attorney given to the developer.

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