ABSTRACT

The increases between two appraisals do not go to the landowner, but to the broker and the developer. Sometimes, extensive litigation follows.

Moreover, despite the desperate need for new projects, joint development is much more difficult because of strict urban regulations, expensive building costs, and the uncertainty that the regulatory process creates. As a result, only if landowners make sure that joint development is profitable and they are in agreement on allocating profits can joint development be carried out.