Local Authorities on large developments will normally impose Planning Obligations on the Developer. These obligations will be put into an agreement. Though agreements are known as s106 Agreements. This is after s106 of the Town and Country Planning Act 1990. Campions Conveyancing Solicitors, Pride Park Derby and Mansfield Road, Nottingham City Centre, advise on s106 Agreements when buying New Build Property and also recent new build property.
The Planning Obligations are of three types.
- Set out the nature of the development. This is particularly important for the provision of affordable units, whether to rent outright or buy on a Shared Ownership Basis.
- Compensate for loss or damage by the development.
- Mitigate developments impact. This can include provision of public transport. However the Communal Infrastructure Levy Regulations April 2010, limit the s106 Agreements. Planning Obligations though will continue to be important. That is particularly so for Affordable Housing.
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