Commercial Property

 

What Is An Option Agreement For Land Purchase?

An option agreement for land purchase option is a legal arrangement between a landowner and a prospective buyer of a site, generally a builder or developer. In essence, the option holder has the right to acquire the site from the landowner at an agreed-upon price and within a specified time period, assuming the option’s terms […]

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What Is 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 overage […]

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