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Residential Property Development
The right foundations for development deals
Mundays residential property development team has expertise in all aspects of the sale and purchase of land and buildings for residential development.
The team acts for a number of developers in buying sites, setting up new estate structures and processing plot sales. We also act for individuals and groups of residents wishing to sell their property and/or excess garden land and for commercial clients selling brownfield sites.
The team ensures that sales proceed as quickly as possible and on acceptable terms. In many development deals this involves much more than the basic conveyancing process: there can be complicated negotiations between the parties over timescales and overage payments and with residents’ associations and insurers over restrictive covenants and rights of way. The local authority may require a planning or highway agreement before giving planning consent and there may be environmental issues.
Sellers need to ensure that sales dovetail with their personal circumstances. Developers need to ensure that purchases meet their development and funding programmes. We try to ensure that development deals comply with these requirements.
The residential property development team has a wide range of expertise covering:
- Liaison with clients’ agents
- Confidentiality and lock-outs agreement
- The sale and purchase of land and buildings
- Conditional sale, pre-emption and option agreements
- Indexation of purchase price
- Overage structure
- Building licences
- Short-term leasebacks
- Joint ventures
- Restrictive covenant and defective title indemnity insurance
- Deeds of release and deeds of grant
- Security documentation
- Negotiation with residents’ associations
- Planning and highway agreements
- Stamp duty land tax
- Formation of management companies
- Estate documentation and plot sales
- NHBC
- Whether you are an established house-builder, a first-time developer or a seller of development, rely on Mundays to make your deal happen.
Please contact Kevin Healy for further information: kevin.healy@mundays.co.uk
