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Convert Development Agreement to Word

Convert Development Agreement to Word

Aug 6th, 2022

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How to Convert Development Agreement to Word

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The 2017 budget introduced changes related to Joint Development Agreements (JDA), which have gained popularity. A JDA is an agreement between a landowner and a developer, where the landowner transfers land to the developer for development. In return, the developer develops the property and returns the land with constructed houses. Unlike typical transactions where the landowner pays the developer in cash, in a JDA, the landowner retains a portion of the developed houses as payment. For example, if four houses are built, the landowner keeps two, while the developer keeps the other two. However, potential issues may arise in such transactions, which need to be considered.

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