1) What Are Ownership Rights and Flat-for-Land Deals?
Owners transfer land share rights; receive independent units in the new building in return.
2) How Are Share Ratios Set?
Negotiated from land value, construction cost, zoning density, and market conditions. Net area and floor must be specified per owner.
3) Essential Contract Clauses
Project definition, delivery date, delay penalties, quality standards, common areas, temporary housing, transfer restrictions, dispute resolution, architectural annex.
4) 2/3 Majority and Minority Rights
Two-thirds owner agreement often suffices under Law 6306; minority rights remain protected by law.
5) Why Technical Feasibility Matters
Zoning, density, storeys, and cost must be clear before signing; concept design supports negotiation.
6) Listed Buildings
Conservation approval and restoration cost must be reflected in shares.
7) Common Mistakes
Vague area promises, open-ended delivery, missing quality definition.
8) Conclusion
Prepare agreements with technical and legal support. Contact us.