Land Sales

If you are a landowner and are looking to sell your land then there are a number of potential ways to go about this:

• A straightforward sale of the property. This is the traditional method of sale and would be unconditional i.e. would not have any contractual conditions attached to the sale.
• A sale by way of a conditional contract. This is where the buyer (it is usually the buyer that wants to place a condition upon completion) is not obliged to complete the purchase until a specified condition has occurred.
• An option granted to the buyer to purchase the property provides less certainty for a seller as the buyer will usually be under no obligation to exercise the option. He may choose to do so, or may not.
• A promotion agreement is an agreement entered into with an intermediary (a promoter or strategic land company) who will seek to obtain (at their own cost and risk) planning consent for the property and then look to arrange a sale of the property to a developer. The intermediary then receives a percentage of the sale proceeds upon the sale to the developer.

You should seek advice from our specialist lawyers before agreeing to enter into any arrangement involving the sale of land. We will ensure that you understand the full range of options that are available to you and that you have access to appropriate valuation advice to assist in the decision making process.

With a team of 20 legal professionals dealing with residential development the Myerson residential development team is one of the largest in the North West. The breadth and depth of experience that the team brings is able to be fully utilised to ensure that clients achieve the best possible outcome to their proposed development project. The team is well used to dealing with very complex development matters, whether these relate to complex joint venture structures, overage issues, funding arrangements or residential unit sales.

We provide advice in clear terms tailored to your requirements to ensure that you achieve your desired outcomes with as little stress as possible.