Podcast Location:
Download it here [file size: 23.8 MB]
Categories:
Commercial Property
CPD Points:
Up to 1 point. details »

Due to the difference in guidelines between the SRA and the Bar Standards Board, CPD points are awarded differently for Solicitors, Barristers and Legal Executives:

Regulated by the Solicitors Regulation Authority:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Regulated by the Bar Standards Board:
Listen and pass the quiz: Gain 1 accredited CPD point (60 minutes)

Regulated by ILEX:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Cost:
  • FREE
Length:
30 minutes of audio
(+ optional 5 minute online quiz)
Plays on Computer:
Yes Downloadable as MP3:    Yes
Contributor(s):
Course Aims:

This podcast is aimed at those who advise on joint ventures, particularly those involving the use of property. The focus of this mini-series will be about structuring a joint venture and whether to use a legal entity or whether to use a contractual arrangement as a vehicle for the enterprise. In this part, two partners from McGrigors continue their discussion of some of the common contractual methods through which a JV can be undertaken including the respective advantages and disadvantages of management service agreements, participating mortgages, equity sharing leases and the role of institutional investors.

Outcomes:
After completing the course you will:
  • Be aware of the advantages and disadvantages of using a management service agreement as the basis for a property joint venture;
  • Understand what role institutional investors play in a contractual joint venture in an era of poor liquidity;
  • Understand what a participating mortgage is and its respective benefit or disadvantage when used in a property joint venture;
  • Be aware of the benefits and drawbacks of an equity sharing lease;
  • Be aware of the principles legal entity solutions to a property joint venture and their respective benefits and drawbacks;
  • Be aware of the important tax and regulatory issues that should inform the decision as to how a property joint venture might be structured.
Level:
Beginner Difficulty: 1 of 5
Classification:
Practical Guide
Sources and References:
  • There are no relevant citations for this podcast.
Tags:

This is the second in a two-part CPDcast mini-series on structuring a property joint venture. . It will examine the commercial considerations for the parties when entering a JV. This podcast continues the discussion begun in Part 1 with an appraisal of management service agreements before moving onto discuss equity sharing leases. The podcast will conclude with a discussion in more depth of the principle legal entity vehicles including private companies, LLPs and 1907 limited partnerships.

The firstpodcast in this mini-series can be accessed here:Joint Venture Solutions in Property Development - Part 1.

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