ABSTRACT
Chapter 11 discussed in some detail the various options available to owners of land wishing to implement development, ranging from outright freehold or long leasehold disposal, to various types of partnership arrangements, and even direct development where freehold land ownership was retained. Chapter 13 examined financial appraisal methods appropriate to outright disposal; this chapter is concerned with the different financial arrangements available in partnership agreements and direct development by local authorities. As with any financial arrangement there are an almost infinite variety of alternatives but the appraisals discussed in this chapter will relate to the main types of arrangement, with a brief examination of what is involved and the implications to the various parties.
