Difference Between An Option Agreement And A Promotion Agreement

It is often argued that the interests of the landowner are best served by a development agreement and that it is the developer who benefits most from an option agreement. But the boundaries these days are very blurred and the best deal for all parties is usually reached through negotiations to share the rewards. A transportation agreement is an agreement that a landowner has with a development specialist to promote the landowner`s land through the planning process to obtain a building permit. Once the building permit is issued, the landowner and developer work together to market the land and sell it to a developer. The price paid by the developer would then be divided between the landowner and the developer on a pre-agreed basis. .