Cooperation agreements are rarely simple, but the potential benefits of cooperation with other landowners in the development of significant development are considerable. Flexibility is necessary given all variables (including the state of the housing market) and can be a long-term agreement. The most successful landowners have clear goals from the beginning. In the case of a promotion agreement, once a PPS has been granted, the promoter must market the website and try to find a suitable buyer. Once the land is sold, the proceeds of the sale are divided between the landowner and the project developer. The organizer is entitled to reimbursement of his doctoral expenses and a share of the net proceeds of the sale in fees. Sometimes a developer also wants to include in an advertising agreement an option to purchase the property or part of it. In the case of a promotion agreement, the interest of the landowner corresponds to that of the project promoter, both parties wishing to obtain the best price for the country. During the term of your mandate phase, agree on an appropriate contribution to your attorney`s and agent`s fees. Negotiating an option or contract of carriage may take a few months.
This is a long and complex document and will last for many years, which may take some time to formalize the document. The promoter will also carry out extensive due diligence to the campaign. Consortium agreements (increasingly referred to as cooperation agreements) are a mechanism that allows a group of landowners to eliminate potential conflicts when it comes to mastering a multi-owner development program. The problem arises when a particular owner`s land is sold. .