Your Questions Answered
What is an Exclusivity Agreement?
The Exclusivity Agreement grants GVD exclusivity for a period of six months. In this time, the Company will design an initial scheme and submit it to the council for pre-application advice.
What is a Promotion Agreement?
A Promotion Agreement is a type of joint venture between the landowner and GVD to maximise the value of the land. GVD will apply for planning permission for development, market the land with planning permission and put for sale on the open market.
What is an Option Agreement?
An Option Agreement, the land owner typically gives a company the right to buy the land, either at a fixed price or as a percentage of market value. The company will usually take on various obligations such as to pursue planning permission.
How do GVD get paid?
We are only paid after gaining planning permission and after your solicitor has completed the sale to the buyer. We will then receive direct from your solicitor, a pre-agreed percentage of the sale price. The major share is paid to you as the landowner.