Site owners are knowledgeable about their own businesses or professions, however, the intricacies and nuances of gaining the right planning consent on the most favourable terms and then finding a buyer at the highest price for land or property is a science in itself.
A site owner would most usually be contacted by a glad-handing house builder developer to ask that they be allowed to speculatively attempt to obtain a planning consent and then buy and develop the land under an option agreement.
Under those circumstances a site owner may ask, “as a buyer will always want to buy at the lowest price and a seller will always want to sell at the highest price, am I getting the best possible price for my land by locking myself into a single buyer who controls the outcome irrespective of whether or not that outcome is in my best interests?"
With the Land Logic approach there is no potential for a conflict of interest as the land owner and the promoters interests are alligned. Land Logic is paid only on results and has an incentive to gain the best possible planning consent for both the landowner and themselves with the value being determined by the right planning consent for sale at the highest price.
The “land promotion agreement” methodology creates ready to develop land that will generate wide interest from more than one buyer and any house builder/developer will have to bid competitively for the site. Additionally Land Logic offers a further choices (see joint ventures).
“As a land owner with no experience of the development process, my planning application has been a steep learning curve which I could not have navigated without Land Logic.”