sure you enter the most appropriate form of agreement to
realise its maximum value.
If you enter into a Promotion Agreement with Landform, as opposed to the more traditional Option Agreement, you stand to make more money from your land. You only pay Landform a percentage of the land value when it is sold, so Landform has a genuine incentive to maximise the sale value whilst reducing costs.
You will be paid a premium fee on entering the contract and Landform will pay for all your associated legal and surveyor fees of entering the contract.
Landform appoints, pays for and manages a professional team of specialist consultants with a successful track record in delivering planning consents. Landform controls and coordinates this team to deal with all technical, legal, commercial and town planning aspects of the project.
At the point of securing planning permission, your consented land will always be taken to the open market to obtain the highest bid. In this way both parties have a shared objective to maximise the land sales receipts and keep costs to a minimum.
You should expect that the length of each agreement will vary to match the anticipated planning programme of each project with a right to extend in the event of planning delay. Typically Landform focuses on opportunities that require between one and five years to obtain planning consent.
Landform receives its project costs back first and will receive an agreed share of the net sales proceeds.
The division between Landform and you, the landowner, will vary from site to site depending on the level of planning risk associated with the project and the length of time needed to secure planning consent.
Option Agreements are generally made with house builders and house builders want cheap land. A house builder will, at the receipt of planning consent,seek to depress the land value and increase allowable costs and hence pay you less.
A Promotion Agreement is a genuine alignment of
interests between you and Landform. It represents
a working partnership throughout the project, with
a shared interest in securing the highest price
for your land.
Whatever form of contract is chosen our success
is always founded on forming a strong partnership
If you would like us to assess the potential of
your land, or if you have an option agreement that
is coming up for expiry, please get in touch.