Neighbours Joint Agreement To Sell With Planning Permission (Small Development)
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Genie AISource file
neighbours_joint_agreement_to_sell_with_planning_permission_(small_development)_template.docxJurisdiction
England and WalesRelevant sectors
Type of legal document
🏡 Land collaboration agreementBusiness activity
Collaborate on landA land collaboration agreement is a contract between two or more parties that outlines the terms of their collaboration on a land-based project. The agreement may cover aspects such as the ownership of the land, the rights and responsibilities of each party, and the duration of the project.
The legal template titled "Neighbours Joint Agreement To Sell With Planning Permission (Small Development) under UK law" is a document specifically intended for parties who are neighbors and jointly own adjacent properties in the UK. The template aims to facilitate their agreement to sell their properties as a combined package, highlighting that the sale includes planning permission for a small development project.<br><br>This template acknowledges that both neighbors have obtained planning permission from the relevant local authority for undertaking a small-scale development on their respective properties. The agreement allows them to collaboratively market and sell their properties with the shared benefit of selling as a joint package, potentially increasing the market value and attracting potential buyers seeking a larger development opportunity.<br><br>By using this legal template, the neighbors establish the terms and conditions for selling, including the specific details of the development project and planning permission. The template may also outline any profit-sharing arrangements, responsibilities, and obligations for each party related to the sale, such as survey costs or legal fees. The agreement may establish the conditions for withdrawal or termination in case one or both parties choose to opt out of the joint sale.<br><br>Overall, this template provides a legally sound framework for neighbors in the UK who wish to combine the marketability and value of their properties by collectively selling with the added advantage of having planning permission for a small development already granted.
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