HCRI Construction Disbursing Agreement is made between two companies for the purpose of disbursing lease advances under the lease. This agreement lists the terms and the conditions under which a landlord has to disburse the lease amount, to the developer who wants to develop the land, for the tenant who has leased the land from the landlord. The landlord agrees to pay for the development and construction, subject to the terms and conditions of the lease and the HCRI Construction Disbursing contract.
This Agreement states that any or all improvements that are made on the land and all equipments installed will be on the property of the landlord and will also be a part of the lease property under lease. The parties involved in the agreement have to agree to the terms and conditions that are drafted in the agreement and stick to the rules and regulations of the laws of the State.
[Also Read: Construction Contract]
Sample for HCRI Construction Disbursing Agreements
A sample of the agreement can be downloaded from below.
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