This document provides a checklist of key issues to consider when setting up a joint venture for property development between a developer and a private investor.
To access the checklist, click here.
Once completed, the checklist can then be signed as non-binding heads of terms.
The next steps would often include obtaining tax advice to confirm the proposed structure, and preparing suitable legally binding documents. In the case of a joint venture structured as a UK special purpose company, for example, the legally binding documents would often include a shareholders agreement, articles of association and a charge over the relevant property in favour of the investor.
We would like to thank all those who have kindly contributed their suggestions and comments to this document.