Absolutely Notting Hill: Master class participation agreements
Sat 01 Jun 2013
Do you own a flat in the converted house in a prime street? If you are thinking of selling are you aware if you join forces with your neighbours and sell at the same at the same time you can achieve a premium? Why? Houses in prime areas are generally much more valuable than flats. How do you achieve this premium? First you need to get each flat owner and the freeholder to agree to sell. You should then appoint an experienced Chartered Surveyor to value each property and they will set the correct apportionment and then a solicitor will draft the participation agreement. This participation agreement is a contractual arrangement and will bind all parties into selling their respective interests. Therefore it is essential good advice is taken and all parties agree on a fixed marketing period and the lowest price at which all parties will be bound to sell. Do this and you may achieve a 30% premium or more above the intrinsic value of the flat.
Marsh & Parsons is delighted to announce the appointmentof Siobhan Staunton as the new Head of New Homes, based in Kensington. Siobhan joins Marsh & Parsons from St.George and previously Ward Homes (part of Barratt), where she has managed the sales and marketing of luxury developments across central London. Siobhan has also worked as an Area Manager for a large national estate agent with clients including St James, Crest Nicholoson and Shanly Homes, where she gained a wealth of experience in this highly competitive field.
Beaney Pearce will be taking part in the Three Peaks Challenge to climb the three highest peaks in Britain - Ben Nevis, Scafell Pike and Snowdon, on the 8th and 9th June. We will be raising money for an incredibly important children's charity. Action Medical Research, which is dedicated to improving the health of babies and children in the UK. Please show your support and help them raise as much money as they possibly can by logging on to action.org.uk/sponsor/beaneypearce.