Commercial Property

 

What Is An Overage Agreement?

An overage, also known as a claw-back or uplift, is an agreement in which the buyer agrees to pay more money on top of the original purchase price if and when specified events occur. For instance, suppose the buyer enhances the value of the land by gaining planning permission. In this article, what is an […]

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What Is Overage Clause In Property?

An overage clause is typically included in a commercial property sale contract and allows the selling party to receive more monies after the sale is complete and the agreed-upon ‘trigger event’ occurs. Generally, the trigger event is an increase in the value of the property in the future. In this article, what is  overage clause […]

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