We fund and manage the planning and marketing process. Only if planning is obtained do we share in any profit after a successful sale - otherwise we foot all the bills.
A land promotion agreement is used where a developer or land promoter agrees to apply for planning permission for a development on a landowner's property and markets the property for sale on the open market once planning permission has been obtained.
The promoter funds the planning and marketing costs initially. If planning permission is obtained, the property is sold. The promoter's costs are reimbursed to the promoter out of the gross sale receipts and the promoter receives a proportion of the net sale proceeds.
If planning permission is not obtained by a certain date, the agreement automatically terminates and the promoter's costs are not reimbursed to the promoter.
HOW IT WORKS
At Class Q, we recognise that securing planning permission is more than just adhering to local and national policy. It requires a sound understanding of a variety of competing factors and ensuring these are applied expertly to reach a favourable outcome.
Class Q provides professional and meaningful advice in order to tackle challenging planning issues and deliver value.
Our services include:
Local plan promotion/monitoring
Advice on Section 106 and the Community Infrastructure Levy (CIL)
Class Q is always keen to hear from landowners and agents who have land or buildings suitable for development. Opportunities we consider include:
GREENFIELD & BROWNFIELD SITES
URBAN & RURAL LOCATIONS
MIXED-USE COMMERCIAL & RESIDENTIAL
SHORT & LONG-TERM STRATEGIC OPPORTUNITIES
JOINT VENTURES & PARTNERSHIPS
Introducers are remunerated.
Get in touch here for a free, no commitment site appraisal.