Commercial Property
Sale of Development Property

Are you fortunate enough to own some land which is ripe for development? Do you want to ensure that you share in the uplift of the value of land should planning permission be granted for it in the future?

Are you unsure as to whether you should sell the land at its present value or sell it with the benefit of planning consent for development? Do you want the price you would get for selling the land with the benefit of a planning consent without the hassle of obtaining that consent yourself? tbi can advise you on the benefits of a conditional contract where the sale (and sometimes the price) is dependent upon the planning consent obtained by the purchaser.

If you are concerned about ensuring that you also get a share of the benefit of any future development, tbi can advise you in relation to overage or claw back provisions. tbi can prepare the relevant documentation to ensure that you receive a percentage of any future increase in the value of the land as a result of any planning consent granted within a defined period.

tbi is experienced in all aspects of the sale of development property from a contract conditional upon planning permission being obtained to more complex agreements where the purchase price is dependant upon the permission granted or arrangements where the purchaser will transfer land to the vendor in part payment.

tbi can help you by ensuring that you are given the best legal advice in relation to the form of sale contract, as sometimes options are considered as alternatives to conditional contracts - tbi knows the pros and cons.