Define: Property development

How is Property development defined in a legal contract?

• Property development means the process of developing land. Seen in 7 SEC filings
• Property development means the construction, reconstruction, alteration or improvement of residential or commercial buildings, or the subdivision or replatting of a subdivision of residential or commercial property. Seen in 6 SEC filings
• Property development means carrying out work in relation to land, whether by its owner or by someone else with the owner's consent, with the goal of gaining from selling or leasing the land. Seen in 6 SEC filings
• Property development means a major development mainly for residential properties, but also including other categories as authorized, arising from [approved measure] or land approval or directly in terms of the [Municipality's] Town Planning Scheme, in which all the internal infrastructure and community facilities are provided by the Primary Developer. Seen in 4 SEC filings
• Property development means the acquisition of land for the purpose of developing, constructing or causing construction on it and selling completed residential, commercial or industrial buildings, whether as a whole or by parcels therein, and the development and sale of vacant lots for the construction of such buildings on them, including homesteads, hobby farms, orchards or for other similar purposes. Seen in 2 SEC filings
• Property development means the construction, reconstruction, alteration or improvement of buildings or the subdivision or replatting of a subdivision of property. Seen in 2 SEC filings

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of property development' yourself to verify these results. We are always keen to point people to source documents.

‍

Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

‍

Genie Definition 1

• Property development means the process of developing land, constructing, reconstructing, altering or improving buildings, and subdividing property.

Relevant Contract Types

• Real Estate Development Agreement
• Construction Contract

Relevant Circumstances

• When an entity plans to purchase land and develop it into commercial, residential, or industrial properties.
• When an entity plans to improve, alter, or reconstruct existing buildings.

Relevant Sectors

• Construction
• Real Estate

‍

Genie Definition 2

• Property development means the process of acquiring land for construction to sell or lease the resultant residential, commercial, or industrial property.

Relevant Contract Types

• Land Purchase Agreement
• Commercial Lease Agreement

Relevant Circumstances

• When an entity acquires land for the purpose of developing and then selling or leasing the property it develops on the land.
• When an entity is involved in the development of residential, commercial, or industrial properties for lease or sale.

Relevant Sectors

• Real Estate Investment
• Property Management

‍