Development Management Agreements
Do you know what a Development Management Agreement is?
And WHEN and WHY you NEED to use one?
Well… there are multiple reasons why you would use a DMA!!!
Richie Muir from LawLab is joining us this week, and this is a “not to be missed” session if any of these situations apply to you…
Do you want the ability to profit from the development process without you owning the property?
Maybe you are in a situation where you need to do it for asset protection reasons… where one entity holds title but takes no risk, and another entity does the development and takes all the risk.
Alternatively, you might be doing the project in joint venture with the owner of the property and you are going to run the development process on their behalf.
Either way there are issues that you need to consider regarding the roles and responsibilities, schedules, timelines, payments, control of the property, security of the property…
Let’s face it – if you are doing property developments then you need to hear what Richie has to tell you!