There are many different property development projects for which a joint venture structure may be suitable. Some common examples include:
- A project where a property owner and builder agree to build a duplex on the basis that the builder and the owner each receive a unit by partition on completion;
- Joint property owners who develop the property using a third party builder;
- A developer and a property owner who develop a property by engaging a third party builder.
To help you structure these projects, By Lawyers have added a new precedent: Joint Venture Agreement – Townhouses development project.
This document is located in our Joint Ventures Guide and may be used in any of the situations listed above.
Our Joint Ventures commentary has also been updated to discuss use of the new agreement and the accompanying documentation necessary.
The By Lawyers Joint Ventures Guide ensures that practitioners can feel confident drafting agreements that capture the full complexity of their clients’ property development projects.