Options and Overage

We act for both developers and land owners in negotiating Option Agreements and Overage Agreements.

An Option Agreement gives a developer the right to buy a piece of land within a specified period e.g. 5 years. This is often used for speculative development proposals.  Options can range from the very simple, just giving the buyer an absolute right to buy at a future time of their choosing, to the complex, requiring the buyer to apply for planning permission or to acquire additional land or rights.

Option and Overage Agreements

An Overage Agreement can be used where the seller is concerned that the land they are selling may have further development potential.  The Overage Agreement will require the buyer to pay further monies to the seller if they obtain a further or enhanced planning permission to develop the land in the future.

Accreditations

We are particularly proud to be a member of the Association of Leasehold Enfranchisement Practitioners, the Conveyancing Quality Scheme and Lexcel which are badges of assurance to our clients that they will receive a consistently high level of service, integrity and professionalism from us.

How Can We Help?

  • Andrew Pluck

    Head of Department, Partner

Get in touch

Telephone one of our offices

Please telephone the following numbers to arrange an appointment:

Eastbourne: 01323 727321

Hailsham: 01323 841481

Polegate: 01323 487051

We will maintain complete confidentiality and discretion at all times.