Developer Agreements – Residential Land Developers In Melbourne
Some key benefits are as follows:
- The land owner achieves a better return for their land.
- The developer does not have the initial capital outlay for the land.
- Minimises input and stress by the land owner.
- Minimalise Tax outlays.
- No further capital outlay by land owners.
- Lowers risk to the land owner as developer carries the costs.
For over a decade, Kaikura Land Sales has continued to deliver comprehensive project and land sales services to clients in South East Melbourne. Our business provides a friendly and contemporary approach, taking you on your personal journey as we guide you along the way.
We value each project and understand that it will merit a unique set of requirements. At Kaikura Land Sales, our residential development projects have a distinguished list of benefits for homeowners in Melbourne.
Here at Kaikura Land Sales, we strive to deliver and exceed expectations by understanding how the industry works and making it work for our clients as well.
Our knowledge in bridging the gaps for developers and new landowners with new estates in South East Melbourne has been notably helpful in allowing us to create a meaningful business with a legion of partnerships from our previous ventures. With our clear-cut processes, our clients can check and engage with our projects as we carry out what is necessary for the development.
Among the services we offer is drafting a developer agreement that works for all parties, the landowners and the developers. Drafting a developer agreement lays out the necessary arrangements before any projects are conducted.
What is a Developer Agreement?
It is a written and formal agreement that denotes the use of land; the subdivision of land; the erection or demolition of a building; the carrying out of works on the land. In general, this is an agreement between the landowner and the residential land developer for the development of the land. Unlike other contracts such as construction contracts, leases and contracts of sale, development agreements do not have to adhere to certain standards and policies. Standards Australia, a reputable standards organisation, has not published any policy regarding an Australian Standard Development Agreement.
Drafting a Developer Agreement
Traditionally developers have received the majority of the uplift in land development by purchasing land, developing it, and seeing the benefits financially. Kaikura Land Sales can work with the landowner to ensure they receive the maximum they can for their land with minimal energy spent by the landowner.
Development agreements are very useful tools for projects of any scale: large or small. They ensure certitude in the face of complicated land-use regulations created to address the dynamic and diverse goals desired by all parties.
Why Draft a Developer Agreement?
Having a developer agreement before you start any project secures your position as a landowner. The contents of this agreement will depend on the negotiation done by the parties to achieve everyone’s best interest.
Most agreements are commercially driven, all landowners and residential land developers in Melbourne want to get the most optimal negotiations that are fair and promising.
As a landowner, by using our Developer Agreement service you will get to enjoy these key benefits:
- The landowner achieves a better return for their land – Every owner seeks for a better investment. Having a Developer Agreement in place in place maximises return on the sale of land and ensures correct mechanisms for sharing in the development profit.
- The developer does not have the initial capital outlay for the land – Ideally, developers avoid a lot of upfront costs through this agreement as we minimise initial funding by eliminating the need to purchase land and other initial investments.
- Minimises input and stress by the landowner – In some cases, land development could really take serious involvement from landowners. When proper negotiations are done, a Developer Agreement addresses the roles of the landowner and land developer in the project.
- Lowers risk to the landowner as developer carries the costs – There are some risks involved, such as planning risks, construction risk, market risk, occupational health and safety and general quality and defects on the constructed property. It is common that a developer is required to procure the necessary warranties to allow the landowner to enact a response if in any case there are defects in the property.
Kaikura Land Sales, Your Partner in Development
With our knowledge and expertise in the real estate industry, Kaikura Land Sales aims to be consistent in streamlining better opportunities for everyone. At Kaikura Land Sales, we have all the needed tools to be your trusted partner for your future land development.
Kaikura Land Sales is your partner in development. Call us now at 03 5995 3223 to know more about our services.
