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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…
How does a contract farming agreement work?
24 June 2024
A contract farming agreement involves a partnership between a landowner or occupier (the farmer) and a contractor. The farmer directs the contractor to carry out practical operations and management of a crop or other enterprise based on the farmer’s guidelines and benefiting the farmer’s business. The roles and operations are outlined in the contract between…