🏞 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.
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