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Implementation of this type of agreement is usually dependent on planning permission and other service or building conditions for the development being met. For landowners, the key can be in selecting the developer most likely to deliver - not necessarily the one willing to offer the highest price. |
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The financial structure to each deal is different. Imaginative schemes can increase the reward for the landowner, improve the developer's cashflow or save tax for both parties.
Particularly relevant to farm land, the owner needs to know he can deliver possession to the developer when all the other conditions are satisfied. It can be tricky to achieve when agricultural leases are in place.
Developers need advisers who can protect their interests through the different stages of the project - acquisition, planning and onward sale or lease. Our extensive experience of acting for developers and landowners helps focus the commercial sharpness of our advice.
For more information contact Fiona Gibb |
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