Jurisdiction(s):
United Kingdom

Key definition

Developer definition

What does Developer mean? In legal practice, a developer is the party that procures, funds and manages a property development, commissioning design and construction to deliver the completed works. A developer need not own the land or the works; it may act through a special purpose vehicle and is commonly the employer under JCT or NEC building contracts. Developers negotiate development agreements (including with public bodies), let professional appointments, and give or take collateral warranties. They usually secure planning permission and enter planning obligations (for example, section 106 agreements in England and Wales, section 75 agreements in Scotland, section 76 agreements in Northern Ireland,...

Property Development Agreement: Precedent Funder Step-in Rights Clause with Warning and Step-in Notice Mechanism

Published by a LexisNexis Property expert

Precedents

Note: This clause relies on the defined terms already set out in the Lexis+® UK Precedent Property development agreement: ‘Developer’, ‘Owner’, ‘Property’, ‘Working Day’ and ‘Works’. Further definitions are provided below.

1 Funder’s step-in rights

1.1 For the purposes of clause 1, ‘Funder’ denotes any lending institution to whom the Owner grants a charge over its interest in this Agreement or the Property as security for finance that allows the Owner to meet the cost of:

acquiring, clearing and preparing the Property; [and]
carrying out the Works[.]...

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Web page updated on 22/05/2026

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