Buyer’s CIL liability/planning gain liability termination clause
Buyer’s CIL liability/planning gain liability termination clause

The following Property guidance note provides comprehensive and up to date legal information covering:

  • Buyer’s CIL liability/planning gain liability termination clause

    1. 1

      Definitions

    2. CIL

      1. the Community Infrastructure Levy introduced by sections 205 – 225 of the Planning Act 2008 (and/or any equivalent form of taxation or levy introduced by HM Government)

      CIL Liability

      1. a sum equal to such liability that the Buyer shall reasonably consider it may have in relation to CIL on the assumptions that:

        1. (a)

          the Buyer shall complete the purchase of the Property within [four] months of the date of the Satisfactory Planning Permission

        2. (b)

          the Buyer shall begin the Development within [13] months of the date of Satisfactory Planning Permission

      [Condition

      1. the Buyer obtaining Satisfactory Planning Permission]

      Development

      1. the use of the whole or part of the Property for [specify purpose]

      Expert

      1. a person with at least [10] years’ post qualification experience including significant relevant experience in the subject matter of the dispute

      2. <