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Options on Land and Conditional Contracts - Commercial Property

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Have you found a site which would be perfect if only it had the benefit of planning permission? Would you like the security of knowing that you can purchase the site at a later date without being gazumped?

Whether you are a sole trader looking at a plot of land for one or two houses or a large developer looking at a site for a multi-million pound development tbi can help you secure the land. Don't run the risk of the seller deciding to increase the asking price or sell the land to a third party. An option agreement gives you the protection to enable you to make a planning application and to carry out a full assessment into the viability of your proposals whilst placing an obligation on the seller to sell the land to you as agreed.

Alternatively, a contract conditional upon (for example) the obtaining of planning consent, a ground investigation survey, an environmental impact assessment, a liquor licence or a suitable access may be more suitable for you. tbi can advise you on the advantages and disadvantages of both.

tbi also acts for many sellers of potential development land to developers. Our experience of acting on behalf of both buyers and sellers places us in an excellent position to be able to advise you.

Further Information

Contact:

Head of Commercial Property
Martin Levinson
malevinson@tbi.law.co.uk
01740 646023

Tony Winfield : acwinfield@tbi.law.co.uk
01740 646024

Sara Garnett : sgarnett@tbi.law.co.uk
01740 646025

Philip Mitcheson : pmitcheson@tbi.law.co.uk
01740 646026

George Parker-Fuller : gparker-fuller@tbi.law.co.uk
01740 646027

tbi
12 Evolution
Wynyard Park
Wynyard
TS22 5TB

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Limited Liability Partnership. Registered in England Number 0C315000.
Registered Office: York Chambers, York Road, Hartlepool, TS26 9DP
This LLP is regulated by the Solicitors Regulation Authority and authorised and regulated by the Financial Services Authority
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