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What is the Sustainable Farming Incentive?
07 May 2024
The Sustainable Farming Incentive (SFI) is a new government scheme that provides financial support to farmers to adopt and maintain sustainable farming practices that can protect and improve the environment. The SFI offers a 3-year agreement that rewards farmers for implementing environmentally friendly practices such as improving soil health, enhancing biodiversity, and reducing carbon emissions….
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…