The exciting world of property development can range from a one-time venture to the creation of a multi-development property business. Developers generally build from scratch on a brand new site or purchase properties in need of renovation, which are developed into new or improved properties, for sale or rental. Either way, the legal boundaries of property development can be complex, and mistakes made early on can see an entire project come to a stand still or have to be abandoned for legal reasons.
Here at Progression Solicitors we have a team of specialist professionals ready to help guide and assist you through your development process, ensuring all boxes are ticked and you are able to maintain time scales and budgets without having the legal worry.
We are able to offer advice and guidance on:
- Construction law – the law referring to the infrastructure, housing, planning permissions and construction of property development.
- Development site acquisition – the legal processes required to acquire a property or land for development on a purchase, lease or exchange agreement.
- s106 agreements – Section 106 agreements are the legal obligations laid out between a local authority and a developer – these include planning permissions and can relate to projects such as affordable housing.
- Joint ventures – the legal agreement of a partnership between a developer, builders, financers and other contractors to design, build and finance a property development project.
- Options – legal agreement between a property owner and the developer, where a profit share of the final development is agreed on top of the original purchase price.
- Conditional contracts – a legally binding contract that sets out certain conditions that must be met in order for a project to be completed, such as money to be released, work to take place, and sales to proceed.
- Development site sales – the legal requirements for the sale and purchase of development sites.
- Plot sales – the legal requirements for the sale and purchase of development plots.