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How do I partner with a property developer?
18 June 2024
Collaborating with a property developer can serve as a strategic decision to capitalise on opportunities and minimise potential risks. Below are a few guidelines to keep in mind when establishing a joint venture (JV) with a property developer. Understand the Basics of JVs: A JV is a collaborative effort with a third party aimed to…
What is a Promotion Agreement?
15 May 2024
A promotion agreement is a legally binding contract between a landowner and a developer. It allows landowners to leverage a developer’s expertise to navigate the complexities of planning and maximise returns on their property. Promotion agreements are often used in residential developments and are particularly suitable for complex planning situations and longer-term projects. Developer’s Role: …
What is an Overage?
08 July 2024
An Overage is an agreement where the subsequent owner pays additional sums to the previous owner if the land is, for example, developed. The Overage can apply for as long a period as the parties agree. The basis on which the payment is made can either be a fixed price or is more usually by…