Real Estate/Development
Mar. 4, 2003
Practical Tips for Crafting Development Agreements
BY RONALD I. SILVERMAN, LISA M. DITTMAN AND AREN E. KAMIENOWICZ Municipalities and real estate developers have become increasingly aware of the benefits that development agreements can provide. A development agreement can freeze in advance the rules that will apply to a project throughout the life of the agreement, thus providing the certainty desired by the developer and demanded by the developer's lenders and investors.
Municipalities and real estate developers have become increasingly aware of the benefits that development agreements can provide. A development agreement can freeze in advance the rules that will apply to a project throughout the life of the agreement, thus prov...
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