Section 106 agreements, also known as planning obligations, are legal agreements between developers and local authorities that ensure that development proposals contribute to the local community in various ways, such as providing affordable housing or improving infrastructure. In this article, we`ll take a closer look at section 106 agreements and their role in the development process.
Firstly, what is a section 106 agreement and why is it important? A section 106 agreement is a legal agreement between a developer and a local authority that sets out the conditions that the developer must follow as part of the planning permission granted. These conditions will typically relate to the provision of affordable housing, education, transport, community facilities, or other infrastructure requirements.
The purpose of section 106 agreements is to ensure that new developments contribute to the local community in a meaningful way and to mitigate any negative impacts that the development may have on the area. These agreements are particularly important in areas where there is high demand for housing or where infrastructure is already under pressure.
For developers, section 106 agreements can be seen as an additional cost or burden of the planning permission process. However, they also provide certainty and clarity about what is expected of the development and can help to build positive relationships with local authorities and communities.
So, what does this mean for a Section 106 Agreement plc? A Section 106 Agreement plc is a company that specializes in managing and administering section 106 agreements on behalf of developers and local authorities. These companies have expertise in negotiating and drafting section 106 agreements and in ensuring that the conditions are met throughout the development process.
Working with a Section 106 Agreement plc can provide developers with a range of benefits, including reduced risk of non-compliance with the planning permission conditions, and more efficient management of the section 106 process. For local authorities, working with a Section 106 Agreement plc can help to ensure that the agreements are properly enforced and that the development meets the required standards.
In conclusion, section 106 agreements are an important part of the planning permission process and play a crucial role in ensuring that new developments contribute to the local community. Working with a Section 106 Agreement plc can help to ensure that these agreements are properly negotiated, drafted and enforced, reducing the risk of non-compliance and benefiting both developers and local authorities.