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Joint Ventures & Collaboration Agreements

These can take many forms but basically they leave you involved some way in the planning and/or development process.

This might mean that you contribute to the cost of obtaining planning permission and the development and, as a result, of your land ownership then become entitled to a larger share of the profits (assuming there are any). It could be a profit sharing agreement where the Developer obtains planning permission and carries out the development on your land with the result that any profit is shared. Or it can be any combination of the two. Tax advice from your Accountant is vital.

For advice on Joint Venture and Collaboration Agreements or any other development issues contact our Real Estate team at realestate@herrington-carmichael.com.

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