The Process For Buying & Selling Land

We will investigate all aspects of the  land  purchase from services  to rights of access and  light  to fencing  and  to restrictive covenants (which  may  prevent your  intended use or future development of the land).

We are  also able  to advise  in circumstances where  the  seller  of the land  is looking  to impose  a 'clawback' to entitle the seller to a share of the  increased value  of the  land should  planning permission be obtained for the future development of the land.

Land Sale

Some questions we regularly get asked to answer might help your understanding of this area of conveyancing:-

Q -   My neighbour wants to purchase a small  part  of my garden land.  What  do I need to consider?

A  -  If you are prepared to sell and if you agree  upon  a sale  price, then  there are  a number of additional factors to be considered:-

1.Your conveyancer will need a scale plan  with  measurements in metres for Land  Registry purposes.

2.Who is  to pay  the  legal  costs  of the  sale,  whether you,  your  buyer  or each to pay their  own costs?

3. What is your  neighbour's intended use of the land  and  do you have  any issues with  those  intentions?  Should  your  neighbour be permitted to build  upon the land  and, if so, do you have any concerns  about  what  or how big they may build?

4. Are there any points with  regard  to access, light  or services  which  may need to be considered?

5. What  provisions may  be necessary as  to fencing  obligations and  then the future maintenance and repair of the fencing?

Q2 -   I own  a field adjoining the  public  highway. What  should  I consider before putting it on the  market for sale?

A2 -    1. You should  first  seek  specialist advice  as  to whether the  land  has  or may  have  development potential in the  future as, if so, then  this  will reflect  upon the  value  of the land.  Clearly,  the land  is more valuable if it has or may have future development potential.

2.  If the land  does not currently have  permission for development but you are   concerned   that it may  gain  permission  for  development in  the future,  then  you   could   seek   to   impose   restrictions  on   the   land preventing it being developed without your consent or otherwise for you to  impose   a  'clawback'  whereby   you   would   become   entitled  to  a percentage of  the  increased value  of  the  land   should   it be  granted permission for development in the future.

Of course, all these  terms would have to be negotiated with your buyer.

Tilly,  Bailey  & Irvine  are  able  to  prepare the  appropriate documentation to ensure that whatever terms have been  agreed  with your buyer are  made  binding  against the land for your ongoing benefit and  protection.