The deal is in the details
Wiltshire, S.
The deal is in the details - 2004 - House Builder 63(8) September 2004, 41-42(2) .
Provides advice on which issues developers should look out for when making land purchases and what their legal advisors should be doing for them. Stages to go through are: reviewing site plans; reporting on any title problems; drawing up heads of terms that properly reflect what both the developer and landowner want from the deal; carrying out a pre-contract planning appraisal; considering all possible ways of structuring the deal; filling in the gaps in the heads of terms; carrying out detailed searches and title investigations; and finally signing off. Stresses that if all the commercial issues are dealt with effectively early on, the form of contract should be settled with little fuss.
Contracts
PLANNING OBLIGATIONS
SECTION 106 AGREEMENTS
PLANNING GAIN
STAMP DUTY LAND TAX
SPECIAL PURPOSE VEHICLE
RESIDENTIAL DEVELOPMENT
HEADS OF TERMS
SEARCHES
TITLE INVESTIGATION
DEVELOPERS
LAND PURCHASE
The deal is in the details - 2004 - House Builder 63(8) September 2004, 41-42(2) .
Provides advice on which issues developers should look out for when making land purchases and what their legal advisors should be doing for them. Stages to go through are: reviewing site plans; reporting on any title problems; drawing up heads of terms that properly reflect what both the developer and landowner want from the deal; carrying out a pre-contract planning appraisal; considering all possible ways of structuring the deal; filling in the gaps in the heads of terms; carrying out detailed searches and title investigations; and finally signing off. Stresses that if all the commercial issues are dealt with effectively early on, the form of contract should be settled with little fuss.
Contracts
PLANNING OBLIGATIONS
SECTION 106 AGREEMENTS
PLANNING GAIN
STAMP DUTY LAND TAX
SPECIAL PURPOSE VEHICLE
RESIDENTIAL DEVELOPMENT
HEADS OF TERMS
SEARCHES
TITLE INVESTIGATION
DEVELOPERS
LAND PURCHASE