Memorandum Of Understanding Between Landowner And Developer Template for South Africa

1. Exclusivity: Used when the landowner agrees not to negotiate with other developers during a specified period

2. Environmental Considerations: Include when the property may have environmental sensitivities or require environmental approvals

3. Heritage Aspects: Required when the property has potential heritage significance

4. Community Engagement: Include when the development requires significant community consultation

5. Existing Tenants: Needed when the property has current occupants or lease agreements

6. Infrastructure Requirements: Include when significant infrastructure upgrades or connections are anticipated

7. Profit Sharing: Used when parties agree to share development profits rather than a straight land purchase

8. Phasing: Include for large developments that will be completed in multiple phases

1. Property Description: Detailed property description including diagrams and title deed information

2. Preliminary Development Plans: Concept drawings and initial development proposals

3. Timeline and Milestones: Detailed project timeline with specific deadlines and responsibilities

4. Due Diligence Checklist: List of investigations and approvals required before development can proceed

5. Cost Allocation: Detailed breakdown of cost responsibilities between parties

6. Required Approvals: List of necessary regulatory and municipal approvals

7. Professional Team: List of appointed or proposed professional consultants

8. Environmental Requirements: Specific environmental considerations and required studies