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Cover of Company Directors: Duties, Liabilities and Remedies

Company Directors: Duties, Liabilities and Remedies

Edited by: Mark Arnold KC, Simon Mortimore KC
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This book is now Out of Print.
A new edition was published, see:
Development Land Overage and Clawback 2nd ed isbn 9781846610554

Development Land Overage and Clawback


ISBN13: 9780853086697
ISBN: 0853086699
New Edition ISBN: 9781846610554
Published: February 2001
Publisher: LexisNexis Butterworths
Country of Publication: UK
Format: Hardback
Price: Out of print



Out Of Print
An explanation of an evolving area of property practice used increasingly in recent years by private landowners, commercial companies and government departments. Overage, or clawback, can be used to ensure that a landowner selling land can share in every subsequent increase in its development value.

Various methods may be employed to achieve this objective, and all have their potential drawbacks as well as benefits. Christopher Jessel explains each in detail, analyzing its appropriateness to the owner's and purchaser's objectives and circumstances and offering solutions to practical problems.

For each method he explains how to ascertain the ""trigger"" event for payment, how to calculate the amount of any payment and how to enforce payment obligations. There is an extensive chapter on drafting, presenting numerous models for property draftsmen.

Subjects:
Property Law
Contents:
Purpose and origins
promise to pay and assignment
positive covenants
restrictive covenants
mortgages and charges
ransoms
landlord and tenant
options
vehicles
government clawback and tax
negotiation and drafting
the future
worked examples
precedents and draftings.