Key learning outcomes

  • Understand the range of contract documentation for property development
  • Appreciate when options can be exercised, triggers in conditional contracts, and obligations to sell
  • How best to liaise and communicate with other professionals and third parties

This course covers the documentation you need to be familiar with, including:

  • Exclusivity Agreements, Call Options, Put Options and Pre-emption Agreements
    • What they are
    • When to use them
    • The advantages and disadvantages of the different agreements
    • Protection under them
  • Options
    • Pricing and valuation issues
    • Timing and extension
    • Control of seller's actions
    • Exercising options, and protection
    • Stamp Duty Land Tax (SDLT) issues
  • Conditional Contracts
    • Triggers, e.g. what amount to 'satisfactory planning permission'
    • Affordable housing and other constraints
    • Defining 'onerous' conditions in a practical way
    • Calculating the price-valuation points and formulae
    • SDLT issues on sales and assignments
  • Land Promotion Agreements
    • Key features and problems of land promotion agreements
    • Timescale
    • Valuation
    • Obligations to sell
    • Securing payment and dividing the spoils
    • Avoiding SDLT issues
  • Liaison with other professionals
    • The importance of being a team player with your client's consultants and advisers
    • Communication and reporting issues
I found the course was very practical dealing with issues that are likely to come up in practice

Hannah is a very engaging and articulate course leader. The content was very interesting and explained well.

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Purchase course documentation
Course Notes - Property Development Contracts: Advanced Issues £60

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