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Option Agreements

Option agreements are common in property development. Whether you are buying or selling property, we can draft an option agreement which will adequately protect you and promote your interests.

Steven Taylor

Managing Partner

Property Development

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Leading Development Specialists

Expert Advice

Professional Service

Accurate drafting of an option agreement is essential. We can assist in ensuring your option agreement sufficiently protects you in the face of unforeseen circumstances which may arise in the time before the option is exercised.

Option agreements will provide for a purchaser to buy land during a fixed period, which may be extended in some circumstances, either at a fixed price or at market valuation following the grant of a planning consent.

Because an option agreement does not commit a purchaser we understand that it is not necessary to undertake all the usual due diligence and that agreeing and exchanging option agreements is essential to secure a site for development.

Option agreements often include overage provisions and dispute resolution clauses and we have the experience required to draft these agreements.

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Whether you’ve got questions or you’re ready to get started, our team are ready with expert legal advice.

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Steve is really great.

The team consistently ensures that the barrister is familiar with the client and the case before attending court. They always prepare an excellent brief. It is a pleasure to work with them.

The team are always easy to contact when we need urgent assistance or advice. In complex matters, the cases are allocated to the person with the relevant experience to deal with the matter appropriately.