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08:20 Oct 27, 2006 |
English language (monolingual) [PRO] Law/Patents - Law: Contract(s) / Property sale | |||||||
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| Selected response from: juvera Local time: 08:16 | ||||||
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SUMMARY OF ALL EXPLANATIONS PROVIDED | ||||
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4 +1 | assemblage of land/property is necessary |
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3 +1 | Amalgamation required |
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Discussion entries: 1 | |
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assembly required Amalgamation required Explanation: Looks as if this may be the definition intended of the term used. As when the individual lots/units are assembled into one unit for the ultimate sales contract. |
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assembly required assemblage of land/property is necessary Explanation: The expression is "assembly/assemblage required". It is usually means buying up a number of plots or properties for the purpose of a development project. Sometimes, of course, it may not be a development, just that the buyer intends to buy a property or properties, on condition that all of them would be available for sale. Here the explanation is in this part of your text: "Prior to the Closing, Seller will be required to acquire title to all of the Property." That is the "assembly (assemblage) required". Later on they mention "contractual agreement on four of the lots", and that is confirmation of tha fact, that there are a number of lots to be assembled, require assemblage, before the sale is confirmed. ...agreement has been entered into with partners for the redevelopment of the southern part of Beswick... To support the process of land assembly required to enable this development to proceed, a compulsory purchase order is now proposed. This is designed to acquire for development the land not owned by the Council.... which includes a number of private dwellings, small businesses and privately owned vacant land. www.manchester.gov.uk/localdemocracy/committees/executive/2... More assembly required. Two holdouts hold up HQ hotel developers' land acquisition process...The developers need the two properties before they can move ahead. www.bizjournals.com/washington/stories/2003/06/09/story1.ht... Extract from a development seminar: Site acquisition and pre-development planning Location, ownership and assembly Describe the ownership of the site and how is (was) acquired. Is (was) an assemblage required? www.spsu.edu/cnst/CNSTWEB/Capstone/Capstone Handbook Revise... -------------------------------------------------- Note added at 2 days4 hrs (2006-10-29 12:21:19 GMT) Post-grading -------------------------------------------------- Most often that is the purpose of the assemblage, but I think it is up to them, and depends of the situation. They may want to rearrange the assembled land title differently, and sell some of the surplus. What I mean is that the surplus may be - say - the Eastern edge of three plots next to each other, while the Western parts are used for their development purposes. The Eastern and Western assemblage would become two separate titles, instead of the original three. That wouldn't necessarily affect the original land survey plots, but they would show an East-West sub-split. But that depends on the country's land registry system. |
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