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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 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…
I have received a letter from a developer/ housebuilder/ promoter what should I do?
20 May 2024
This can be an indication of planning potential. Whirledge & Nott’s Development team can advise on the planning potential and the best method of securing that potential whether by way of a planning application, planning representations or indeed entering into some form of joint venture agreement such as an option or promotion agreement. If you…