call now: 586-949-5490

Land Promotion Agreements

As the developer will not purchase the land itself, he will not have to pay SDLT. The promoter funds the entire process, including covering your trial costs for the conclusion of the agreement. This means that if, for some reason, the action is ultimately unsuccessful, the owner of the land will not be pulled out of his pocket. The organizer`s performance is paid on the sale price of the site when it is finally sold. While landowners may decide to question the assessment, it takes time and is costly. The developer always has the advantage, because the estimate is based on the building permit and the technical information it provides. In any event, the owner must ensure that he receives appropriate tax advice from his accountants. Landowners should be wary of whether the benefits of an aid contract could be lost. Is there a risk that the organizer will sell immediately and profitably on the site? While the type of land assistance agreement is generally positive and collaborative for both landowners and developers, it is important that the agreement be carefully documented. Particular attention should be paid to funding targets; Obligations to the developer and owner of the land; The owner`s level of involvement during the trial; How land should be marketed and sold to maximize yield (including adequacy of transportation costs and the application of a cap); and how the proceeds of the sale will be distributed. As a promoter, Landstrom uses its know-how, resources and contacts to bring the country through the process of expertise, consultation by third parties and building permits. All of this is done at no cost to the landowner and aims to maximize the final value of the development area by finding the most appropriate solutions through an excellent design and scope of the proposal.

The goals of landowners are at the heart of every proposal – we appreciate that it is not just about quick returns, but about quality and quality developments in the places where we live. A typical land assistance contract is used when a developer agrees: (i) apply for a building permit for the development of a landowner and (ii) market the property for sale after the lease of the building permit is terminated on the open market. The net proceeds of the sale are then distributed between the landowner and the developer. This model is considered a fear for both parties and has the following benefits for a landowner: We know that the process of selling the land is not always easy, but with The Strategic Land Group, we work hard to ensure you every step of the way, eliminate the stress of selling and give you confidence that the process is in good hands.

Maxi Mini Warehouse

46670 Continental Dr. Chesterfield, MI 48047 1/4 mile east of I-94, exit 241