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

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

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

    1. 1

      Definitions

      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

      Planning Application

      1. an application for Planning Permission made by the Buyer or on behalf of the Buyer in accordance with this contract

      Planning Obligation

      1. an agreement with the local planning or

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