Development land: overage and clawback

Front Cover
Jordan, Aug 1, 2001 - Business & Economics - 289 pages
Development Land Overage and Clawback is the first authoritativeexplanation of this evolving area of property management practice.Overage, or clawback, has been used increasingly in recent years byprivate landowners, commercial companies and government departments toensure that a landowner selling land can share in any subsequent increasein its development value. Various methods may be employed to achieve thisobjective, though all have their potential drawbacks as well as benefits.Christopher Jessel explains each in detail, analysing it appropriatenessto the owner's and purchaser's circumstances and offering solutions topractical problems.He explains how to ascertain the 'trigger' event for payment, how tocalculate the amount of any payment and how to enforce paymentobligations. An extensive chapter on drafting sets out the principles tobe followed and is supplemented by an appendix which also includes severalclauses for inclusion in documents.Potentially vast sums may be lost if a practitioner misadvises alandowning client. Development Land Overage and Clawback will ensure thatall practitioners are well-informed of all the opportunities and dangersassociated with this complex and evolving area of commercial land law.Available on 28 days' approval.

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Contents

PROMISE TO PAY AND ASSIGNMENT
11
POSITIVE COVENANTS
33
RESTRICTIVE COVENANTS
57
Copyright

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