Commentary

113 Development rights

COMMONHOLD vol 8(1)
| Commentary

113 Development rights

| Commentary

5: DEVELOPMENT RIGHTS

113 Development rights

Any developer will regard it as essential to be able to complete his development and sell the units, as well as being free to adapt the development. In a development of any size or complexity a developer may not have finalised his proposals for the later stages; planning requirements may impose changes on the development. A developer may decide not to complete the development.

This freedom is readily available in the context of a non-commonhold freehold development or of a leasehold development. A developer may be prepared to enter into contractual commitments with purchasers to provide,

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