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The agreement should contain terms and conditions perfectly structured and as per the intentions of both parties. And the terms and conditions are to be matched with the prevailing law of the land enforceable at the option of aggrieved party(s).
A legal department in the organisation is advisable in case of large real estate firm. The department staff, probably a LLB, can coordinate with outside consultants if required for any kind of legal advice.
It will be very easy for the clients to clear their doubts regarding contracts and agreements. Also company can save considerable time due to the availability of dedicated staff for legal matters.
I think of my opinion the legal should have experince in the same filed and have deals with other competitors if they not i think this the big mistake and my be have problems in the future , the contract sould be strictly and clear for tow parties i mean the partner and tenants .
The real estate companies without legal consultation can not continue to work to Nha will face many problems, the most important1. Non-liberalization contracts of sale or lease until the proper manner that makes it at last get their dues.2-unfamiliarity building regulation laws.3-unfamiliarity how to obtain building permits.4. unfamiliarity civil or criminal proceedings that may be exposed to it the company's contract:
It is very much advisable for real estate companies to seek legal opinion. Some companies have their own legal wing within the company (in-house) and some of them outsource it to legal consultancies.
A well drafted contract in tune with the existing tenancy laws and regulation prevents unwanted issues at a later stage. There are various clients who try to outsmart the company by seeking help of the loopholes in law, so it is very important to draft the contract after a consultation with legal experts.
As the laws and regulations in real estate keeps changing with time it becomes all the more important to engage a lawyer.
Thanks
Agreed with answers
the real estate market is dominated by contracts and binding legal documents such as mortgages and bonds.Without legal consultancy in such a legal framework will be detrimental to both the company and the individual seeking the services. A company secretary is needed with relevant education and qaulification in law and real eastate. finance will be an added advantage. Clients can seek help from such a person with requisite knowledge of both the buisness and the organisation with which transaction is bieng done. A COMPANY SECRETARY can also be employed on a cnsultative basis so as to interact we other stakeholders not involved with the organisation on an advisory basis.
thank you.
