‘Ransom Strips’ - An Introduction for Real Estate Professionals
Introduction
This live broadcast session will explain the value of owning a ransom strip and how and when to create them.
It will provide guidance towards how to calculate and structure payments for transfer of ownership or the grant of rights over a ransom strip. It will also consider practical steps to be taken by landowners to protect ownership of a ransom strip.
What You Will Learn
This live and interactive session will cover the following:
- What is a ransom strip?
- Why own a ransom strip?
- Whether size matters?
- When to create a ransom strip
- The relative merits of creating a ransom strip against other approaches (e.g. restrictive covenants or overage provisions)
- The approach to calculating compensation for releasing a ransom
- Structuring the timing of payments for release
- Considering what is approved in exchange for a payment and whether future ransom value should be retained
- Payment of costs
- Practical steps to protect a ransom strip
Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.