If you are selling land, have you considered whether you would benefit from an overage agreement?
- the grant of a new planning permission, whether this be outline or detailed planning permission;
- the grant of planning permission for a new (and feasibly more valuable) use of the land; or
- completion of the development whereby the buyer makes more money than envisaged when the land was originally purchased.
We can advise on overage agreements and many other aspects of commercial property law. If we can help, please contact Jay Asghar on 01923 650884, or firstname.lastname@example.org
The contents of this article are intended for general information purposes only and shall not be deemed to be, or constitute legal advice. We cannot accept responsibility for any loss as a result of acts or omissions taken in respect of this article.