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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 Option Agreement?
28 May 2024
An Option Agreement is a legally binding contract between two parties – the landowner and the purchaser (often a developer) of the option. In summary, an option agreement provides a mechanism for a potential land transaction, allowing the buyer to secure the right to purchase the property within a specified timeframe. Purpose and Structure: The…
Alternative solutions to eviction
24 April 2024
Eviction should generally be considered a last resort, as it can be a time-consuming and costly process for both landlords and tenants.