Course description
Consortium agreements and collaboration agreements each come with their own set of considerations. The former are agreements between developers, especially housebuilders, who are developing a site together or sharing a site; the latter are agreements between landowners who wish to develop their individual landholdings as a whole and enter into an agreement with a developer.
In order to avoid the pitfalls associated with each, it is vital that property professionals understand the risks involved.
Peta Dollar presents this succinct and informative webinar which illustrates the serious pitfalls involved, so that you, or your client, can avoid them.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
This webinar will cover consortium agreements (agreements between developers, especially housebuilders, who are developing a site together or sharing a site) and collaboration agreements (agreements between landowners who wish to develop their individual landholdings as a whole and enter into an agreement with a developer).
There are serious pitfalls involved in these types of arrangements which this webinar will address.
What You Will Learn
This webinar will cover the following:
Consortium Agreements:
- What type of structure is best in the circumstances? Should the parties form a company or other artificial vehicle to carry out the development, or should they just enter into an agreement between themselves? Could such an agreement cause a partnership to be formed?
- Should the development site be held in joint names? If so, what are the issues that arise here?
- Should one party be appointed to carry out (parts of) the development on behalf of the others?
- What issues arise from agreements with the landowners (assuming that the developers do not yet own the land)?
- What issues arise in relation to s106 planning obligations?
- How should costs be dealt with?
- What about disputes between the parties?
- Tax issues
- Lessons from the cases
Collaboration Agreements:
- What issues need to be covered between the landowners before a developer is found?
- What issues need to be covered between the landowners after a developer is found?
- Equalisation issues
- Should the landowners enter into individual agreements with the developer or a single joint agreement?
- Pitfalls - tax, collective investment schemes
Expenses
MBL Seminars Limited
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