1. APPLICANT INFORMATION
2. FIRST APPLICANT
3. SECOND APPLICANT
4. ADDRESS OF FIRST APPLICANT
5. LESSOR(s) MANDATE
6. TERMS & CONDITIONS
(i) Resurgent Spaces (RS) is a brand owned by Resurgent Business Pvt.Ltd., Bangalore. RS deals only in RERA-approved projects, except properties constructed prior to the implementation of RERA.
(ii)The First Applicant shall represent and be fully responsible for the Second and/or any other Applicant(s).
(iii) All information and documents shared by Resurgent Spaces with Applicant(s), Lessor(s), Lessee(s), legal professionals, or any other parties shall remain confidential and be disclosed strictly on a need-to-know basis.
(iv) RS will arrange one visit to see the property at mutually convenient date and time when First Applicant (along with other applicants ) can see it.
(v) RS will respond to all relevant queries of the First Applicant on a best effort basis. The onus shall lie on the First Applicant to keep the Second and/or any other Applicant(s) fully informed of all communications and developments.
(vi) RS acts solely as a facilitator and relies on publicly available
information, including data hosted on the RERA website.
(vii) The final decision and risk related to the Lease of the property rest entirely with the Applicant(s) / Lessor(s). RS shall have no direct or indirect
liability for any disputes,losses,or costs arising from property leased.
(viii) A legal opinion on the property title can be arranged at an additional
cost, payable by the Applicant(s).
(viii) The final decision and risk related to the purchase of the property rest entirely with the Applicant(s)/Buyer. RS shall have no direct or indirect liability for any disputes,losses,or costs arising from property purchased.
(ix) The Applicant(s) shall fully indemnify and hold harmless Resurgent Spaces from any liabilities, claims, costs, or disputes arising during or after the transaction.
(x) RS will assist and facilitate price negotiations and deal structuring.
(xi) RS professional fees shall be payable by Lessor, irrespective of
whether the transaction value is within the budgeted mandate Or may be
at variance , provided the same is agreed by Lessor
.
7. RESURGENT SPACES FEE
The Lessor shall pay a professional fee equivalent to one month’s rent plus applicable GST in favour of Resurgent Business Pvt. Ltd., payable at the time of preparation of the draft rental/lease agreement or, at the latest, before signing of the final rental/lease agreement.
8. VALIDITY
This Agreement shall be valid for a period of one (1) year from the date of execution and shall automatically lapse thereafter, unless renewed afresh or upon completion of the transaction / execution of the rental/lease agreement, whichever is earlier.
9. TERMINATION
Either Resurgent Spaces (RS) or the First Applicant may terminate this agreement by providing one (1) week’s prior written notice, without assigning any reason, in the event that no lessee is finalised within a mutually agreed reasonable timeframe.However, the professional fee shall accrue to RS and become payable within seven(7) days of termination if a property recommended by RS is accepted or finalised by the Applicant(s). The Applicant(s) shall not terminate this Agreement and directly approach the Lessee to lease the same property identified through the efforts of RS. In such an event, the RS fee shall remain fully payable by the Applicant(s), notwithstanding termination.
10. JURISDICTION
All disputes shall be resolved amicably in accordance with the Indian
Arbitration and Conciliation Act, 1996, including all amendments thereto. The
seat and jurisdiction shall be as per applicable Indian laws.
11. SIGNATURES
