Consortium agreements (increasingly called cooperation agreements) are a mechanism for a group of landowners to eliminate potential conflicts between them when it comes to planning a development program for multiple landowners. Collaboration agreements can be lengthy. In general, there is a delay in obtaining the building permit, often with a second round for complaints, and then a deadline to allow the sale. For large projects with progressive development, this can be a 50-year delay. The comprehensive agreement between landowners is often referred to as a cooperation agreement (or consortium agreement). If there is a separate developer or developer, they are sometimes a party, but they tend to have their own independent agreement with the landowners. This result is achieved by specific provisions of the statutes of each company and Unilever PLC, as well as by a series of agreements between the company and Unilever PLC (para. B, the compensation agreement, the mutual agreement agreement and the mutual credit commitment agreement), the so-called foundation agreements. At the time of the letter, it is assumed that HMRC accepted the principle that compensation can be obtained in a much simpler form than the cooperation documentation. This would avoid the need for complex land pool trusts or cross-options. We believe that this approach will be widely known in the coming months. The discounts do not act in any form of development contracts for home builders and do not accept introductory fees (unless they are passed on to their customers if the price cannot be adjusted for the benefit of the customer).
In the early stages of land assistance, Sworders has successfully promoted sites for more than 100 landowners over the past 25 years, either through third-party developers, and over the past 25 years has secured endowments for 16,500 homes and new endowment projects for 7,500 homes. More recently, Sworders has submitted a series of five-year requests for supply shortages and has preferred sites that, in some cases, have not even been considered under the local plan. In our Spring 2018 newsletter, Robert Field examined some of the tax considerations in which landowners pool land for development. This article aims to introduce some of the agreements that typically occur when merging landowners for development and some of the common issues beyond tax.