We have strong, proven experience in handling large and complex property acquisitions.
Where a seller wishes to sell some land that might be capable of development in the future, they might be advised to request that a buyer enter into an Overage Agreement.
Overage is a mechanism where a buyer has to pay the seller some money in the event that the property they bought is later used for something else, or if the buyer obtains planning permission for another use. An Overage might typically last for, say, 20 or 30 years from completion of the sale and might involve a buyer having to pay to the seller a sum equal to an agreed percentage.
Have you ever wanted to just ask a lawyer if they can help you, without worrying about what it may cost to contact them? If so, call HSR Law Solicitors and together we can work out what your next steps might be… in confidence, at no cost and with no obligation. Complete our simple form with your name and contact number and we will call you back to discuss how we can help.
Alternatively, contact Richard Allwood, Katie Allwood, Kate Hardacre or Paul Russell directly: our Agriculture specialists.
Your Overage Agreements Team
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