Changing times have seen an increase in parties combining to achieve a desired outcome and this is particularly true when it comes to developing land and property.
Whether for residential or commercial development, we can advise on the best structure and what the parties need to agree upon. The "devil is in the detail" with joint venture agreements and we can guide you to make sure your interests are protected.
We provide advice on joint ventures to clients around Yorkshire from our offices in Leeds, York and Sheffield. For an initial discussion on the specifics of your joint venture, contact a member of our team today by calling 0333 323 5292, or complete our online contact form and we will get back to you.
Joint Venture Terms
Frequently, one party will own land but will not necessarily have the skill or resource to see it profitably developed, and another will have those missing elements. Working together, the land can be developed and both parties profit.
But getting the terms of such a joint venture arrangement just right for a particular development and deciding what each party can contribute is quite a skill in itself - this is where we can help. We have extensive experience of managing property joint ventures, be they contractual or in the form of a joint venture company or limited liability partnership.
Important elements to consider when entering a joint venture agreement can include the following:
- Financial contributions from each partner
- Third-party financing
- Ongoing capital requirements
- Defaulting partners
- Frameworks for dealing with any arising issues
- Exit strategies
No matter the arrangement, Lupton Fawcett can help you draft a watertight agreement for you and any partners involved.
To ensure the success of a joint venture, tax efficiency must be considered. Here at Lupton Fawcett, our tax team can help you ensure that your joint venture remains tax transparent, whilst ensuring additional costs, such as capital gains, remain at a minimum. We can also provide you with help and advice around any tax issues you and your joint venture may face.
How We Can Help
At Lupton Fawcett, we have two specialist teams ready to advise you on your joint ventures. Our commercial property team and our tax team will ensure that no stone is left unturned, providing you with all the help and advice that you and any partners will need, protecting your interests from the very start.
Talk to us
With offices in Leeds, York and Sheffield, our team of commercial property solicitors has a wealth of experience in providing help and advice to clients around Yorkshire and beyond. To speak to an expert today, contact Lupton Fawcett by using the contact details below and we will be in touch as soon as possible.
Get in Touch
With Lupton Fawcett on your side, you're taking control. Contact us today.