These agreements are non-refundable and non-transferable. If you need changes or questions, please contact us before you download. By clicking on the button below, I agree with the terms and conditions of sale. The parties to the REA agreement depend on the number of owners involved and all names must be included in the agreement. The purpose of the REA agreement is to grant the right of use to the co-owners of the property, but not the property. The aim is to develop the common good and ensure that the benefits of such commercial use accrue to the co-owners of the property. These agreements ensure that the development, maintenance and operation of the property proceed smoothly. These agreements are concluded against both residential and commercial real estate, but especially for the development of shopping malls. The details of the facilitation must be mentioned in the agreement with respect to entry, entry and parking opportunities. The minimum period of termination for changes to the planning plan should be mentioned in the agreement. Provisions should also be introduced for each escalation clause. What is a mutual facilitation agreement? A reciprocal facilitation agreement is a legal contract between two or more landowners for the commercial development of a territory they share. The beneficiary does not own the property, but only has the right to use or access it under the terms of the contract.

Like the term “reciprocal,” the owners of the common area grant each other equal rights with regard to the use of the common domain. A mutual facilitation agreement – REA agreement is required if two or more owners of adjacent land decide to jointly develop a commercial property. These agreements are against mixed surfaces that own both commercial and residential properties. Owners can use common corridors or other access. These agreements are used for the development and operation of integrated shopping centres. You can download a form for the Mutual Facilitation Agreement here and adapt the model of the Mutual Facilitation Agreement to your wishes. In the development of the REA agreement, consideration should be given to the following: if two or more landowners want to develop common land, the REA agreement is extremely important. Construction, operation and the reciprocal facilitation agreement.