The term developer refers to any individual or entity that sells, leases, or offers to sell or lease lots in a subdivision. This includes activities such as advertising these properties for sale or lease. Developers play a crucial role in the real estate market by creating and managing residential or commercial properties.
In legal practice, the term developer is primarily used in real estate law. It is relevant in various legal contexts, including:
Individuals looking to engage in property development can benefit from using legal forms and templates provided by services like US Legal Forms, which offer resources drafted by licensed attorneys.
Here are a couple of examples of abatement:
Here are a couple of examples of developers:
The primary statute governing developers is found in the Interstate Land Sales Full Disclosure Act, specifically 15 USCS § 1701. This law aims to protect consumers from fraud in the sale of land and requires developers to provide detailed information about the properties they are selling.
Examples of state differences (not exhaustive):
| State | Specific Regulations |
|---|---|
| California | Developers must comply with the California Subdivision Map Act. |
| Texas | Texas requires developers to register subdivisions with the state. |
| Florida | Florida has specific disclosure requirements for developers. |
This is not a complete list. State laws vary, and users should consult local rules for specific guidance.
| Term | Definition | Key Differences |
|---|---|---|
| Builder | A person or company that constructs buildings. | Focuses on construction rather than sales or leasing. |
| Real Estate Agent | A licensed professional who represents buyers or sellers in real estate transactions. | Acts as an intermediary rather than directly selling or leasing properties. |
If you are considering becoming a developer or are involved in a real estate transaction, here are some steps to take:
Browse our library of 85,000+ state-specific legal templates.
A developer is responsible for managing the sale, lease, or advertisement of properties in a subdivision.