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Overage

Overage

Overage or (sometimes called clawback) goes in and out of favour and usually arises where the landowner wants to make sure that having agreed a price with a developer and completed the sale to it that the developer does not then go on to modify any planning permission obtained on the land or dispose of it for alternative more profitable uses. Overage ensures that if the developer seeks to do this following its purchase of the land then any additional profits are shared with the landowner pursuant to a particular agreed percentage.

We are fully versed in the complexities of overage and we are able to provide overage arrangements in documentation to future proof the profits from the land for the Seller and if acting for a developer to ensure that such arrangements do not adversely affect the viability of the site and to give the developer enough opportunity to fully realise the profits from the land it has acquired.

For further details on how we can maximise your return on a land sale/minimise future profit constraints for the developer speak to David Burrows on 0161 832 4666 or complete the online enquiry form and one of our team will get in touch for a no obligation chat.

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