How is Development Approach defined in a legal contract?
- Development Approach means a method of assessing undeveloped land that is most suitable for parceling into individual properties. The procedure involves calculating a possible final sales price for the cumulative lots that the land can optimally be split into and subtracting all associated development costs, inclusive of the developer's expected profit. What is left, the residual, is the unprocessed land's market worth. Seen in 3 SEC filings.
- Development Approach means a technique of appraising undeveloped land ideal for subdivision into lots. It encompasses estimating a final sale price for the total count of lots into which the land can most effectively be subdivided. Seen in 1 SEC filing.
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 development approach' 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
- Development Approach means a method that calculates potential sale price for segmented undeveloped land, deducting all development costs. The balance is the unbranded land's market worth.
Relevant Contract Type
Relevant Circumstances
- Acquisition of undeveloped land for commercial or residential development.
- Partnership formation for real estate development.
- Assessment for potential development of corporate-owned undeveloped parcels.
Relevant Sectors
Are you creating, reviewing or negotiating a document?
🚀 Try our AI Legal Assistant! It can suggest a definition just for your specific needs (Simply import your contract, then ask it to draft a definition suitable for your document, that's it!)
Try using Genie's Free AI Legal Assistant
Generate quality, formatted contracts with AI
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
Let our Legal AI make edits for you
Ask Genie to edit your document in the same way you’d ask a paralegal. Genie makes track changes, and explains its thinking just like a junior lawyer would.
AI review
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
Book your personalised demo now
Collaborations with
