Patrick Mullaney | Schwabe, Williamson & Wyatt A development agreement is a voluntary contract between a property owner and a local government to establish the rules that will direct the development, use, and mitigation of a specific property. The intent of Washington’s development agreement statutes is to reduce development costs by providing increased regulatory certainty.… Continue reading Use of Development Agreements to Facilitate Complex Development
Tag: Development Agreement
A Development Agreement Is A Contract And Can Alter Map “Vested Rights”
Kevin Brodehl | Patton Sullivan Brodehl Most developers are familiar with the notion that under California’s Subdivision Map Act, the vesting tentative map statutes provide a way of fixing a developer’s rights. Put simply, obtaining a vesting tentative map allows a builder to rely on the regulations, conditions, and fees existing at the project planning… Continue reading A Development Agreement Is A Contract And Can Alter Map “Vested Rights”
Did Your Developer Go Bankrupt And Leave your Association Holding The Bag? Your Remedy May Lie Within The Developer Agreement
Lydia Chartre | Husch Blackwell | August 7, 2019 Even the best and most established real estate developers can face hard times, especially in the aftermath of recession and economic downturn, as we experienced a few short years ago. Many condominium and subdivision developments found themselves half completed, both in terms of units and homes… Continue reading Did Your Developer Go Bankrupt And Leave your Association Holding The Bag? Your Remedy May Lie Within The Developer Agreement