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Home > Forum > Delhi > Home Loan > Tripartite agreement.

Tripartite agreement.

Q: What is tripartite agreement? Do we need tripartite agreement if we want to but a flat on loan?

tripartite agreement
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Replies (2)
1
Tripartite agreement in real estate India means agreement signed by three parties - The Buyer, The Bank and The Builder. It usually contains the loan amount and property details.It lists out the obligations of all the 3 parties involved.
sujatha


2
Tripartite Agreement is an agreement between the Borrower, Promoter/ Developer and the Bank. An agreement is tripartite if three parties are involved, so the name "tripartite" provides no indication of what the parties involved have agreed on. Several famous pacts in history were named Tripartite Agreements.
Sukhwinder Kher


3

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