Determining the best structure for your property development can get complex.
The success or failure of any good property development all starts with having strong footings and a solid foundation. If the foundation is defective, the construction that follows is undermined, and the costs to rectify are significant. Just as it applies when using concrete and steel, so too when using pen and paper.
Metaphors aside, the key message here for property developers is to have a strong legal structure, and to get it right early!
There are various factors that need to be considered when coming up with the right legal structure; property development is complex, and all too often specialist advice is not sought until it’s too late.
The main factors are...
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