🏞 Land promotion agreement

About this category

A land promotion agreement is a contract between a landowner and a developer in which the developer agrees to promote and develop the land in exchange for a percentage of the profits. The agreement typically covers the terms of the development, the landowner's rights and obligations, and the developer's rights and obligations.

🏞 Land promotion agreement

templates

Land Promotion (Planning Application and Sale)

A land promotion agreement is a legal document used when a developer or land promoter agrees to apply for planning permission for a development on a landowner's property and market the property for sale on the open market once planning permission has been obtained.

What to watch out for

The landowner should ensure that the developer or land promoter has the necessary expertise and experience to carry out the work required.

The landowner should agree on a timescale for the work to be completed, and should have the right to terminate the agreement if this is not met.

The landowner should agree on a percentage of the sale price that will be paid to the developer or land promoter, and should ensure that this is clearly stated in the agreement.

The landowner should ensure that the agreement includes a clause stating that the developer or land promoter will indemnify the landowner against any costs or losses incurred as a result of the work carried out.

Publisher

Genie AI

Jurisdiction

England and Wales

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Associated business activities

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Legal firms who might be able to help

Note: Although we list lawyers as well as legal firms who may be able to help, this does not indicate that the listed law firms have an affiliation or partnership with Genie AI.