Promotion Agreements in Practice

Terms, timescales and aligning interests with the landowner

A promotion agreement works best when your interests and the landowner's point in the same direction, and that alignment has to be drafted, negotiated and protected in the contract. This book explains how. It sets out the legal world a promotion agreement lives in and why planning is where the agreement is won or lost. The central chapter covers what the contract must contain, including terms, timescales and the clauses that keep promoter and landowner aligned rather than set against each other. You will see that a promoter who never builds anything still carries duties and risks beyond the planning outcome, and why the tax on the uplift is large enough that getting it wrong can cost more than any other single mistake. A compliance checklist sets out the series of steps that must each be done correctly, and the final chapter describes the characteristic disasters of land promotion and what they cost. Next in this series: “Building a Promotion Business”.

What’s inside

• The legal framework in plain English
• Permissions, licensing and planning
• The contracts, and what must be inside them
• Insurance, safety and your legal duties
• Tax treatment and choosing a structure
• Your compliance checklist
• Getting this wrong: what it actually costs

Educational material only, not financial, legal or tax advice. Results are not typical and are not a guarantee of income. Freedom Property Academy LTD, registered in England and Wales.