n Without Prejudice - Reversionary rights : property law
|Article Title||Reversionary rights : property law|
|© Publisher:||JetBlue Publishers (Pty) Ltd|
|Publication Date||Sep 2013|
|Pages||44 - 45|
Most developers of security estates tend to include a condition in the agreement of sale when selling vacant land that the new owner should commence and/or complete building operations within a specific period of time. The intention is obvious - the developer wishes to complete the project as soon as possible and, in addition, the more houses being built, the better the sales of land still owned by the developer.
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