“As one of the world’s largest retailers Tesco has a large and varied property portfolio. We are grateful to Whirledge & Nott for their assistance in helping to manage property on our behalf and doing so in a way that matches our core values.”
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What is an Option Agreement?
28 May 2024
An Option Agreement is a legally binding contract between two parties – the landowner and the purchaser (often a developer) of the option. In summary, an option agreement provides a mechanism for a potential land transaction, allowing the buyer to secure the right to purchase the property within a specified timeframe. Purpose and Structure: The…
What is an Overage?
08 July 2024
An Overage is an agreement where the subsequent owner pays additional sums to the previous owner if the land is, for example, developed. The Overage can apply for as long a period as the parties agree. The basis on which the payment is made can either be a fixed price or is more usually by…
I have received a letter from a developer/ housebuilder/ promoter what should I do?
20 May 2024
This can be an indication of planning potential. Whirledge & Nott’s Development team can advise on the planning potential and the best method of securing that potential whether by way of a planning application, planning representations or indeed entering into some form of joint venture agreement such as an option or promotion agreement. If you…