Terms and Conditions

1. Parties Involved

First Party: The individual or entity renting, purchasing, or engaging with the real estate company.
Second Party: Sorha Aana Developers Pvt. Ltd., represented by Manoj Kumar Karki, Managing Director.

2. Agreement Purpose

This agreement outlines the relationship between the First Party and the Second Party for the purposes of leasing, purchasing, or managing real estate properties such as land, homes, apartments, and other premises.

3. Obligations of the First Party

The First Party agrees to cooperate with the Second Party in all matters related to the transaction, including timely payments, documentation, and adherence to local regulations.

In case of real estate leasing or renting, the First Party agrees to hand over the property in the condition mentioned in the agreement. Any damages beyond normal wear and tear will be the responsibility of the First Party.

4. Obligations of the Second Party

The Second Party agrees to provide the necessary support for the transaction process, which may include but is not limited to facilitating the property sale, purchase, or lease.

The Second Party, Sorha Aana Developers Pvt. Ltd., will oversee the management, listing, and legal processing related to the property.

5. Payment Terms

The First Party is required to make payments as per the agreed terms. Any delays or defaults in payment may lead to penalties as defined by local real estate laws or this agreement.

In the case of leasing, the First Party will be responsible for timely rent payments. Failure to do so can result in legal action or forfeiture of the lease.

6. Commission and Service Charges

The Second Party, Sorha Aana Developers Pvt. Ltd., is entitled to a service fee or commission as mutually agreed upon at the time of signing this agreement. This fee is for the services provided in facilitating the transaction.

Any additional services provided, such as repairs, renovations, or legal consultancy, may incur additional charges, which will be discussed in advance with the First Party.

7. Termination of Agreement

Either party may terminate this agreement if the other party fails to comply with the terms outlined. Notice of termination must be provided in writing at least 30 days prior to the intended termination date.

In the case of early termination by the First Party, penalties or compensations may apply based on the contractual obligations of both parties.

8. Dispute Resolution

Any disputes arising from this agreement will be settled through mutual discussion and negotiation. If the issue cannot be resolved amicably, it may be escalated to legal arbitration as per local laws.

9. Legal Compliance

Both parties agree to comply with all applicable local, regional, and national laws governing real estate transactions. Any violations of these laws by either party may result in immediate termination of the agreement and possible legal action.

10. Property Maintenance and Repairs

The First Party is responsible for any damages or repairs required during the lease period unless otherwise mentioned in the agreement.

The Second Party will assist in resolving maintenance issues that fall under the purview of their services but is not responsible for routine property maintenance unless agreed upon.

11. Documentation and Communication

All official documentation must be signed and provided in a timely manner by both parties to ensure the smooth execution of the agreement.

Communication between both parties will be documented, and any changes or updates to the agreement must be recorded in writing.

12. Confidentiality

Both parties agree to keep the terms of this agreement and any related transactions confidential, unless required by law to disclose information.

13. Force Majeure

Neither party shall be held responsible for delays or non-performance due to events outside their control, such as natural disasters, strikes, or governmental actions.

14. Additional Clauses

Any additional clauses that are specific to the property or transaction will be discussed and included in a separate annexure.

15. Signatures and Witnesses

This agreement is valid only upon the signing of both parties, witnessed by an authorized individual. A copy of the signed agreement will be provided to both parties.

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