Whether you are a landowner or a developer, you will find a well-negotiated promotional agreement to be of great benefit.
For a promoter, the agreement defines a timescale during which they have the right to promote the land to the local authority and to apply for planning permission.
For the landowner, a promotional agreement can often result in an upfront payment, as well as gaining a solid commitment from the promoter that they will be seeking opportunities to obtain planning permission on the land in question as quickly as they can.
Once planning permission is obtained the promoter and landowner work with us to market the property for sale to secure a sale to a developer. The sale proceeds are then split in accordance with the promotion agreement.
At Howkins & Harrison, we know just how crucial it is to ensure a promotional agreement is fully and properly negotiated. The length of the agreement, as well as the detailed terms about who receives what and at which times, are all vital in making sure the agreement works properly for both parties.
Our surveyors are qualified and experienced in this specialist area and we can provide you with considered and detailed advice.