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ARTICLE · 05 MARCH 2008

Buying A "Serviced Plot" – Some Points To Watch

Frequently a developer will purchase land to carry out development on the basis that the land either is or will be serviced by the vendor. Here are some basic points to watch out for if you are that purchaser or are acting for him.

United KingdomReal Estate and Construction

Frequently a developer will purchase land to carry out development on the basis that the land either is or will be serviced by the vendor. Here are some basic points to watch out for if you are that purchaser or are acting for him:

  1. What Is The Vendor Doing?

    Does it include, for example:

    • Constructing accesses;
    • Laying service such as electricity, gas, telecoms, water, sewerage, fire main, surface water drainage;
    • Completing landscaping (which may be important to create the required amenity for the land being developed and purchased);
    • Removing spoil heaps or otherwise levelling the site;

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