COVID-19- WE ARE  OPEN FOR BUSINESS AND HERE TO HELP
logo
NEED LEGAL ADVICE, CALL US NOW
0808-164-4106
EXISTING CLIENTS TEL 0808-169-5677

Option and Overage Agreements Solicitors Sheffield

Wilford Smith's solicitors work closely with our clients to best understand how their business operates, their commercial aspirations and drivers to ensure that, whatever the nature of the development agreement, it fits their commercial requirements as accurately as possible.

Under an option agreement, one party gives the other the right to buy land or property at a fixed price. In return, the developer will usually agree to take on certain obligations, such as agreeing to make an application for planning permission, and in some cases will pay an option fee. As such, the seller will find a buyer for their land if certain conditions are met, while the buyer will only be obliged to commit to the purchase if the project is a viable one.

Overage agreements enable a seller to share in an uplift in the value of their land following a sale if this is attributable to a change in circumstances. This may occur if the buyer attains planning permission or if the property or land goes on to be used in another way than it was used for at the time of sale. As a result, the seller is offered additional protection should the land increase substantially in value while the buyer can secure the purchase for a lower initial price.
Contact our Property Development Solicitors Sheffield

Our Option and Overage Agreement Specialists are based in Sheffield and advise and represent clients throughout England and Wales. Contact us today on 0808 164 1028 to find out how we can help.

GET LEGAL ADVICE TODAY

Upload a File

File(s) size limit is 20MB.

PRACTICE AREAS

WE CAN HELP WITH
A WIDE RANGE
OF MATTERS
EXPLORE

SIGN UP FOR OUR LATEST UPDATES

Sign up for our monthly newsletters for the latest news & articles
At Wilford Smith we are invested in your success. Our team will get to know you, your family, your business, and your market sector. To us, you and needs are unique. You can be confident that by instructing us, we will take care of all your legal matters throughout your lifetime, providing creative solutions and protecting your best interests.

CONTACT  US

SHEFFIELD

  • Meadowhall Business Park
  • S9 2EQ
  • Tel: 0808 164 4106
  • Fax: 0844 225 0572

ROTHERHAM

  • Smithy House 22 Westgate,
  • Rotherham S60 1AP
  • Tel: 0808 164 4106
  • Fax: 0844 225 0572

LONDON

  • 20 Old Bailey
  • LondonEC4M 7AN
  • By appointment only
Copyright ©2022 Wilford Smith, All rights reserved.
2022 Wilford Smith is the trading name of WS Strategic Ltd. a limited company registered in England and Wales, registration number 07777022. Registered office – Meadowhall Business Park, Sheffield S9 2EQ. We are authorised and regulated by the Solicitors Regulation Authority. SRA Registration Number 640898.