Landsite - Land Promotion & Advice on Selling Your Land
  • Home
  • Selling Land - FAQ's
  • Contact
  • Our Projects
  • Blog

Blog

A possible danger with Land Promotion Agreements ?

27/2/2021

0 Comments

 
The rise of the land promoter has been a good thing for farmers and landowners across the UK but whilst this holds true for the largest, most well-established and funded promoters, what about the raft of smaller companies that have sprung up ?

The danger here lies in the actual agreement itself as should the land promoter fail then it is worth bearing in mind the landowner may well have signed-up to perhaps a 5 or 10 year (or the ever popular '5y+5yr+5yr' land promotion agreement) period and as such if the land promoter goes into bankruptcy then what are the legal implications for whether the deal can be transferred ?

The Option Agreement does not have this problem and is of course usually taken out with a large, well funded plc housebuilder.

But with the potential ahead for economic problems in the UK, should unemployment rise significantly and / interest rates climb then house sales will suffer and the housebuilders will reduce their need for buying land from land promoters - can smaller land promoters really carry the cost of perhaps several large planning applications with no realistic end sale result in sight ?

If you are concerned about entering into a land promotion agreement or an option agreement with a land promoter or house builder and selling your land in this manner then do call John or Marianne at Landsite (www.landsite.co.uk) on 07971 389985 0r 01527 328401 and info@landsite.co.uk.
0 Comments



Leave a Reply.

    About this Blog :

    Some useful articles & links to resources which landowners can read and connect with to assist them with learning more about the process, pitfalls, challenges and positive outcomes for selling their land.

    Archives

    April 2021
    March 2021
    February 2021

    Categories

    All

    RSS Feed

Land Promotion | Selling Land Advice | Land Consultants
Landsite Limited
Carpenters Hill, Beoley, Worcestershire B98 9BS
​Telephone : 01527 328401 Mobile : 07971 389985
​E-Mail : info@landsite.co.uk Web. www.landsite.co.uk
Proudly powered by Weebly
  • Home
  • Selling Land - FAQ's
  • Contact
  • Our Projects
  • Blog