Joint Venture Agreement Between Land Owner And Developer

Joint Venture Agreement Between Land Owner And Developer Template for Singapore

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Key Requirements PROMPT example:

"Need a Joint Venture Agreement between Land Owner and Developer for a 50-story mixed-use development project in Singapore's Central Business District, where the land owner will contribute land valued at SGD 100 million and the developer will manage all development aspects with a planned completion date of December 2025."

Document background

The Joint Venture Agreement Between Land Owner And Developer is a crucial document used when property owners seek to leverage their land assets by partnering with experienced developers in Singapore. This agreement is particularly relevant in Singapore's highly regulated property market, where development projects must comply with strict URA guidelines and building regulations. The document typically covers land valuation, development obligations, profit-sharing mechanisms, and project management structures, while ensuring compliance with Singapore's Property Act, Planning Act, and other relevant legislation. It's commonly used for both residential and commercial developments, providing a clear framework for risk and reward sharing between the parties.

Suggested Sections

1. Parties: Identification and details of the Land Owner and Developer

2. Background: Context of the joint venture, including property details and development intentions

3. Definitions: Key terms used throughout the agreement

4. Joint Venture Structure: Legal structure, ownership percentages, and governance framework

5. Property Contribution: Details of land contribution and valuation

6. Development Obligations: Developer's responsibilities, timelines, and quality standards

7. Financial Arrangements: Capital contributions, profit sharing, and cost allocation

8. Project Management: Decision-making process and operational control

9. Term and Termination: Duration and circumstances for termination

10. Governing Law: Applicable Singapore laws and jurisdiction

Optional Sections

1. Foreign Investment Provisions: Required when one party is foreign-owned, addressing specific regulations and restrictions under Singapore law

2. Environmental Compliance: Specific environmental obligations and compliance requirements for environmentally sensitive developments

3. Staged Development: Provisions for phase-wise development including timeline, obligations and conditions for each stage

4. Marketing Rights: Rights and obligations for property marketing, including pre-sale arrangements and marketing budget

5. Intellectual Property: Treatment of designs, branding and other intellectual property rights in the development

Suggested Schedules

1. Property Details: Legal description, title details, and site plans of the development property

2. Development Plans: Architectural drawings, development specifications and building plans

3. Financial Model: Projected costs, revenues, and returns for the development project

4. Construction Timeline: Detailed project milestones and deadlines for development completion

5. Required Approvals: List of necessary regulatory approvals and permits required for the development

6. Management Structure: Organizational chart and key personnel responsibilities

7. Insurance Requirements: Required insurance policies and coverage for the development

8. Form of Guarantees: Template for performance or financial guarantees required from parties

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok��˰� | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Real Estate Development
Construction
Property Investment
Urban Planning

Relevant Teams

Legal
Real Estate Development
Finance
Operations
Risk Management

Relevant Roles

Chief Executive Officer
Development Director
Legal Counsel
Project Manager
Finance Director

Industries

Planning Act (Chapter 232): Primary legislation governing land use planning and development control in Singapore, including requirements for planning permission and land use changes

Land Titles Act (Chapter 157): Legislation governing the registration and transfer of land titles in Singapore, establishing the land titles system and procedures for dealing with property

Building Control Act (Chapter 29): Regulates building and construction works, setting standards for building safety, structural integrity, and construction practices

Housing Developers (Control and Licensing) Act (Chapter 130): Controls and licenses housing developers, protecting buyers' interests and regulating housing development projects

Residential Property Act (Chapter 274): Restricts foreign ownership of residential property in Singapore and regulates transactions involving residential properties

URA Guidelines: Urban Redevelopment Authority's comprehensive guidelines covering development control parameters, zoning regulations, and planning requirements

State Lands Act (Chapter 314): Governs the management and disposition of state lands, including leasing and acquisition procedures

Land Acquisition Act (Chapter 152): Provides framework for government acquisition of private land for public purposes and compensation procedures

Companies Act (Chapter 50): Primary legislation governing company formation, operation, and dissolution in Singapore, relevant for joint venture structuring

Contract Law (Chapter 53): Fundamental principles governing formation and enforcement of contracts in Singapore

Environmental Protection and Management Act: Regulates environmental protection standards and requirements for development projects

Building Maintenance and Strata Management Act: Governs management and maintenance of strata-titled properties and common property

Stamp Duties Act: Imposes stamp duties on property transactions and legal documents related to real estate

BCA Regulations: Building and Construction Authority's technical requirements and standards for construction works

REDAS Guidelines: Real Estate Developers Association Singapore's industry guidelines and best practices for property development

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Let's create your Joint Venture Agreement Between Land Owner And Developer

Authors

Alex Denne

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