Our specialist commercial lawyers can advise in respect of development land and are experienced with acting for both landlords and developers including:
- Contracts for the sale or purchase of land conditional on planning consent being obtained, or other conditions being satisfied.
- Acquiring land for development.
- Option Agreements for land including transactions imposing positive obligations upon developers to seek planning consent for development prior to exercising the option to purchase.
- Overage Agreements – ensuring that landowners are entitled to receive further consideration in the future and sometimes many years after the sale has completed if planning consent is obtained for development or other conditions arise which result in an increased value of the land in the future.