Landowner's Development Agreement
A development agreement for use where a landowner already owns the land to be developed and engages a developer to carry out the development on its behalf. The standard document assumes that the landowner intends to sell the property on completion of the development and the developer will receive a fee based partly upon the development value.
No one understands what needs to be contained within development agreements better than a real-estate broker who became a legal expert. And no one better understands the consequences of mistakes than a legal expert who routinely litigates real estate disputes.
Understanding the Purposes for Development Agreements
Development agreements are not something you want to download off of the Internet. Since every real estate transaction is different, no two development agreements should ever be drafted in an identical fashion. There is no "off the rack" or "one size fits all" solution. Prior to actually drafting such agreements, Richard Watts gets to know your personal circumstances and determines all of your needs and objectives. In many cases, Rich handles the negotiations that precede drafting the agreements.
As an experienced real estate legal expert, a good legal expert provides services in preparing new development agreements or reviewing proposed development agreements. We help developers put together a strategy and an action plan with our experience in the real estate development world. We understand land use and zoning issues, the entitlement process, and construction.