Taking security over development contracts

The development documents are key to any real estate finance transaction involving property development. They deal with the nature of the development, the development team’s relationships and responsibilities and the cost of the development. Accordingly, the lenders will typically take security over all the rights of the borrower under the key development contracts.

This guidance note outlines:

• • the key development contracts and insurances in respect of which security is typically taken; and
• • how such security may be taken.

See Taking security over development contracts.