Well, as we all know, a tripartite agreement is required when availing a loan for buying an under construction property and is the key legal document for the buyer, seller and the bank. Tripartite agreements help buyers acquire loans for properties against the planned purchase of the property as such homes/apartments are still not in the name of the customer until possession.

What are the various provision and rules regarding the drafting of Tripartite agreements? What all details should be included when drafting one?
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