Where land is potentially suitable for development for housing, employment or for other uses developers will often wish to enter into agreements with landowners to secure land for future building projects.
For many years, developers have used option agreements to gain control over potential development sites, but we are now seeing promotion agreements being increasingly used instead. There are similarities between the two types of agreement - but also important differences.
Each situation needs to be considered individually, depending upon the circumstances and intentions of the parties. We can help you identify the best method of unlocking the value of your land.
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