Balance the risk and profit
Language: English Series: Estates Gazette ; (0723) 9 June 2007, 160-161(2)Publication details: 2007Subject(s): Summary: Mainly for Students article examines the implications of preletting agreements from the developer?s viewpoint. There are financial benefits and drawbacks. Prelet negotiations may delay construction and increase land finance costs. However, banks will normally take a favourable view of prelets. The developer?s risk may also be reduced. A significant prelet may stimulate interest in a site. The property cycle is considered, with rent reviews potentially taking place upon the date of occupation.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L138486 (Browse shelf(Opens below)) | 1 | Available | 138486-1001 |
Mainly for Students article examines the implications of preletting agreements from the developer?s viewpoint. There are financial benefits and drawbacks. Prelet negotiations may delay construction and increase land finance costs. However, banks will normally take a favourable view of prelets. The developer?s risk may also be reduced. A significant prelet may stimulate interest in a site. The property cycle is considered, with rent reviews potentially taking place upon the date of occupation.