Land Promotions, Options and Overage Agreements

Our Commercial Property team, working alongside the Agriculture team where necessary,  will ensure that if you are selling land which may have a potential for future development your interests as a seller are protected.

If you are selling land that  may be used for development, there is the potential for the buyers to profit considerably.  By speaking with your legal adviser early on,  we can help you determine the best way to ensure that you, as a seller, share in this profit. We can advice on overages, options agreements, promotions agreements and conditional contracts.  Given the potential increase in the value of the land attributable to the planning consent, it is important that advise is sought at an early stage, before the planning process begins.  Factors such  as the length of the option agreement or promotion agreement, the percentage due to the developer or promoter and the minimum price payable to the landowner will all affect the return on value for you, as a seller.

Our Commercial Property team are also able to advise you on disputes relating to existing option and promotion agreements.   Agreements drafted a number of years ago may be unclear and open to ambiguity.   There is more often than not scope for different interpretations, even in well drafted agreements, particularly involving the subject of the open market value of the land and what are reasonable and proper deductions from the price, such as adverse ground conditions and off site works.

Our Commercial Property team provides straightforward advice on the implications of any land sale which may have potential for future development.

The Commercial Property team

Meet our Commercial Property team who can advise all all aspects of promotion and option agreements.

an image of Zoë Paton-Crockett, a Butcher & Barlow LLP employee

Zoё Paton-Crockett

Northwich - Gadbrook Park

an image of John Hyatt, a Butcher & Barlow LLP employee

John Hyatt

Sandbach

an image of Graham Gigg, a Butcher & Barlow LLP employee

Graham Gigg

Northwich - Gadbrook Park

an image of Mike Bracegirdle, a Butcher & Barlow LLP employee

Mike Bracegirdle

Northwich - Gadbrook Park

an image of Jonathan Aldersley, a Butcher & Barlow LLP employee

Jonathan Aldersley

Northwich - Gadbrook Park

Daniel Woodcock

Daniel Woodcock

Northwich - Gadbrook Park

an image of James Hodgson, a Butcher & Barlow LLP employee

James Hodgson

Bury - Head Office

an image of Rebecca Jepson, a Butcher & Barlow LLP employee

Rebecca Jepson

Northwich - Gadbrook Park

an image of Stephen Hale, a Butcher & Barlow LLP employee

Stephen Hale

Northwich - Gadbrook Park

an image of Jade Atkinson, a Butcher & Barlow LLP employee

Jade Atkinson

Prestwich

a photo of Will Allen, a Butcher & Barlow LLP employee

Will Allen

Northwich - Gadbrook Park

Angharad Al-Bazi

Bury - Head Office

Benjamin Davenport -Lawton

Benjamin Davenport-Lawton

Northwich - Gadbrook Park