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Planning Tips for Asset Management: Expiry of Permissions

Although many projects are being re-evaluated in the current market conditions, it is vitally important not to let a permission lapse. Turley Associates has highlighted the need to review outstanding permissions before tactical options diminish.

To read more, please download the Comment below.

Since August 2005, the vast majority of planning permissions have been issued subject to the default three year time period for commencement. There are also still unimplemented permissions on 5 year commencement conditions dating from 2004 and 2005 which also demand close review. With fewer developments currently proceeding serious consideration needs to be given to preserving the benefit of these permissions for more conducive times.