Real estate developers often enter into a development agreement also know as a joint development agreement (JDA) with the land owners wherein the real estate developers are entrusted with the task of developing land and land owners wanting to encash the opportunity in booming real estate sector of the country agree to provide land on a profit sharing basis. In layman’s language the Joint Development Agreement can be understood as the transaction similar to barter wherein one person hands over the clear title of the property in consideration of flats/ monetary payment or combination of both. While entering into JDA there are many minute points to be considered; if ignored will likely result in dispute. You can here under view a development agreement or joint development agreement sample format and have one prepared for your propery needs.
