Oxfordshire County Council Section 106 Agreement: Understanding the Basics

If you`re a property buyer or developer in Oxfordshire, you`re likely to come across the term “Section 106 Agreement.” But what exactly does it mean, and how does it affect your plans?

Simply put, a Section 106 Agreement is a legal agreement between a developer and the local authority (in this case, Oxfordshire County Council) that outlines certain planning obligations. These obligations are typically related to infrastructure or community facilities that the development may impact.

For example, if a developer is building a new housing development, the Section 106 Agreement may require them to contribute to the funding of a new school or library to accommodate the increased population. Or if the development is likely to cause additional traffic, the developer may be required to invest in road improvements or public transportation.

The purpose of the Section 106 Agreement is to ensure that developers are not only building new properties, but also contributing to the long-term development of the surrounding community. It`s a way of balancing the benefits of new development against any potential negative impacts.

So, what should you know if you`re planning a development in Oxfordshire? Here are a few key points:

– You may be required to enter into a Section 106 Agreement as a condition of planning permission.

– The specific obligations outlined in the agreement will be tailored to your development and the local area.

– You will need to negotiate with the local authority to come to an agreement on the terms.

– The obligations outlined in the agreement may have significant financial implications, so it`s important to budget accordingly.

– Failing to comply with the Section 106 Agreement can result in legal action, fines, or even the revocation of planning permission.

As a copy editor with experience in SEO, I recommend that anyone planning a development in Oxfordshire familiarize themselves with the Section 106 Agreement process and seek professional advice as necessary. By understanding and complying with the obligations outlined in the agreement, you can ensure that your development not only benefits you but also the wider community.