Business Its Legal Ethical & Global Environment
10th Edition
ISBN: 9781305224414
Author: JENNINGS
Publisher: Cengage
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What are the unique risks of land development projects from the developer’s and lender’s points of view?
What are some of the physical considerations that a developer should be concerned with when purchasing land? How should such considerations be taken into account when determining the price that should be paid?
Why It’s important to distinguish between the cost of land and the cost of land improvement?
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- Why would refinancing be an alternative to sale of the property?arrow_forwardIn the issue of land use control, whose interests should prevail: the individual property owner or the public body seeking to impose such controls?arrow_forwardWhen valuing specific properties investors must consider?arrow_forward
- Why allow the fair value option for financial assets and liabilities and not for, say, buildings or land?arrow_forwardWhen does a project deny the merit consideration?arrow_forwardWhat is the difference between the assignment of a take-out commitment to the construction lender and a triparty agreement? If neither device is used in project financing, what is the relationship between lenders in such a case?arrow_forward
- The cost of land improvements includes fencing, paving, parking areas, and lighting. true or false?arrow_forwardExplain the Costs of Defending Intangible Rights.arrow_forwardA presale agreement is said to be equivalent to a take-out commitment. What will the construction lender be concerned about if the developer plans to use such an agreement in lieu of a take-out?arrow_forward
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