Development Agreements

Development Agreements are legal contracts between developers (often builders or real estate companies) and local governments or authorities. These agreements outline the terms for a development project, such as zoning, infrastructure requirements, and timelines. They ensure that both parties understand their responsibilities and rights, helping to manage community impacts and promote orderly development. Essentially, Development Agreements help facilitate a planned approach to growth, balancing developer interests with public needs, like environmental impact and community benefits, ensuring that projects align with local regulations and goals.