In a Joint Development Agreement (JDA), a landowner donates his property to the development of a real estate project, while the developer is in charge of the project's development, approvals, launch, and marketing.
One of the most typical features in the real estate industry is the Joint Development Agreement (JDA), which binds the landowner and the developer in an agreement for the development of new projects. The latter promises to offer some provisions in exchange for the former providing the land.