Time to vary your section 106 agreements

March 1, 2009
With housebuilders reviewing the viability of schemes in the light of current market conditions, section 106 agreements have become one of the key targets when it comes to reducing development costs. Many section 106 agreements were negotiated and accepted by housebuilders on assessments of land values and house prices that are now wholly unrealistic. A well drafted section 106 agreement …

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