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Window of opportunity

By: Contributor(s): Language: English Series: Estates Gazette ; (0926) 4 July 2009, 104-106(3)Publication details: 2009Subject(s): Summary: When new developers acquire partially developed sites from distressed developers they need to assess how much work was done, what costs are required to complete the work, including liquidated damages, the value of retention, and liability for defective work and insurance. Also discusses how to structure the deal, safeguard the new developer and title issues on stalled developments.

When new developers acquire partially developed sites from distressed developers they need to assess how much work was done, what costs are required to complete the work, including liquidated damages, the value of retention, and liability for defective work and insurance. Also discusses how to structure the deal, safeguard the new developer and title issues on stalled developments.