1. APPLICANT INFORMATION
2. FIRST APPLICANT
3. SECOND APPLICANT
4. ADDRESS OF FIRST APPLICANT
5. LESSEE(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) All costs related to rental/lease transactions, viz. registration charges,
legal fees, taxes, and any other statutory charges shall be borne by the Applicant(s)/Lessee(s) as agreed.
(iii) All costs and considerations as per the Rental Agreement shall be borne entirely by the Applicant(s). These include Deposits/Maintenance costs/Bescom bills/BWSSB bills, etc.
(iv) All information and documents shared by Resurgent Spaces with Applicant(s)/ Lessees, Lessor, legal professionals, or any other parties shall remain confidential and be disclosed strictly on a need-to-know basis.
(v) RS will arrange one site visit to the schedule property/ Apartment for the First Applicant and others Applicants can join.
(vi) 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 Second and/ or other Applicants fully informed of all communications and developments.
(vii) RS acts solely as a facilitator and relies on publicly available information, including data hosted on the RERA website.
(viii) The final decision and risk related to the lease of the property rest
entirely with the Applicant(s)/Lessee. RS shall have no direct or indirect liability for any disputes, losses, or costs arising from the leased property.
(ix) A legal opinion on the property title can be arranged at an additional
cost, payable by the Applicant(s).
(x) The Applicant(s) shall fully indemnify and hold harmless Resurgent Spaces from any liabilities, claims, costs, or disputes arising during or after
the transaction.
(xi) RS will assist and facilitate price negotiations and deal structuring.
(xii) RS professional fees shall be payable by the Lessee, irrespective of
whether the final rental value is within or exceeds the budgeted mandate,
provided the same is agreed by the Lessee.
7. RESURGENT SPACES FEE
The Lessee 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 property 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 Lessor to rent/lease to purchase 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
