1. APPLICANT INFORMATION
2. FIRST APPLICANT
3. SECOND APPLICANT
4. ADDRESS OF FIRST APPLICANT
5. SELLER(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 costs and considerations as per the Builder’s/Seller’s cost sheet or agreement shall be borne entirely by Applicant(s).This includes legal fees,stamp duty,registration charges, applicable taxes,and government fees.
(iv) All information and documents shared by Resurgent Spaces with Applicant(s)/ Seller(s), Builder(s), 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 property/ apartment for the first applicant and other applicants can join.
(vi) RS will respond to all relevant queries of the First Applicant on a best
effort basis.
(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 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) 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 First Applicant, irrespective of whether the transaction value is within the budgeted mandate or exceeds it, provided the same is agreed by the First Applicant in writing.
7. RESURGENT SPACES FEE
The First Applicant shall pay a professional fee of 2% plus applicable GST in favour of Resurgent Business Pvt. Ltd. upon approval of the draft Sale Agreement or at the latest, before signing of the Sale 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 Sale 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 First Applicant. The Applicant(s) shall not terminate this agreement and directly approach the Seller/Builder 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
Authorized Signatory (Resurgent Spaces)
