Project declaration: concept, content, sample

Before starting the construction of any building, the developer must draw up a project declaration. If it is planned to erect a multi-storey residential building, apartments in which will be sold, for example, under an agreement of shared participation, this document is published on the official website of the construction company. This is necessary so that every future homeowner can get acquainted with him, draw conclusions about the reliability of the developer.

Document concept

The project declaration reflects all available and necessary information about the developer and the construction project. This is done so that the potential buyer can study the planned object and the organization with which he will have to conclude an agreement on the purchase of real estate. The developer has the original of such a document, and he must place copies in newspapers, the Internet, making them publicly available.

Contents of the declaration

What information should reflect the project declaration? On this account, all answers are given by state law.

• The document must indicate the name and location of the object planned for construction, and in addition, information about the developer and the time of his work.
• Information about the state registration of the construction object.
• Information on all participants is entered in the project declaration.
• Facts such as objects already built by this organization will be able to influence the choice of the buyer. They are reflected in the previous three years.
• Important data is information about the license for the right to carry out construction activities, as well as the number and term of the permit.
• The project declaration (sample below) should disclose the funds put into the project, reports on the costs incurred and on the basis of the results for the past year.

Part two

A project declaration is a document in the second part of which there is all the necessary information about a future construction project.

• Here you can find everything about the purpose of the project, stages and terms of its implementation.
• Is there a building permit?
• What rights does the developer have on the land allocated for development, all the information about the latter (cadastral number, area, communications).
• Where exactly will the future residential building be located, its description.
• The number of apartments in the building, garages and other facilities (non-residential premises).
• What is the common property in the house, distributed between the participants of such construction from the moment of commissioning.
• Estimated time to put the building into operation.
• What measures are proposed for voluntary insurance against financial and other risks.
• How much will the construction of an apartment building cost?
• Organizations engaged in construction and installation works (contractors).
• Other ways to raise funds for the project.

Sample

A sample project declaration for construction is given below.

First comes the name of the document, then information about the developer is indicated:

1. Information about the developer.
2. Information about the founders.
3. All previous projects for three years.
4. Type of licensed activity, data on the specified document.
5. Information on finances for the current year, accounts payable and receivable.

There should also be information about the object:

1. Project goal, stages and deadlines.
2. Permission available.
3. What rights does the developer have on the provided land, information about the land itself.
4. The location of the future home.
5. How many apartments, garages, and other objects are contained in the project.
6. Purpose of non-residential premises.
7. Common property in shared ownership of participants.
8. Estimated commissioning time.
9. Possible risks.
10. Project cost.
11. List of contracting organizations.

The obligations of the developer must be presented for review:

1. Constituent documents.
2. Certificate of state registration.
3. Information on registration with the tax authority.
4. Approved annual reports, financial statements.
5. Conclusion of the audit body for the last year of the developer carrying out entrepreneurial activities.

Thus, the project declaration is the most important document on the basis of which all further activities of the developer are carried out, the rights of potential participants are determined, and possible risks are foreseen. Without this document, it is impossible to begin the construction of an apartment building.