Option agreements

An option agreement gives a purchaser the opportunity in the future to buy assets such as land, property or a business at a predetermined price or a price calculated using an agreed formula.  

Option agreements can also be drafted in such a way that they will be triggered by a certain event, such as the granting of planning permission.

We are experienced in all aspects of option agreements and act for both property owners and developers, assisting with negotiation and drafting of agreements, pre-contract enquiries and title investigations.

We can advise on the use of overage provision within a contract, which allow the seller of the land to receive further payment after the sale if developments take place that increase its value.

To find out more about how we can help you, please contact us on 01702 339222 or at commercial@btmk.co.uk