Overage Agreements
An Overage Agreement, also known as a ‘clawback’ agreement, is a legal agreement between a buyer and seller of land. It ensures if the land increases in value in the future (usually due to planning permission), the original seller will receive a portion of this increased value.
Contact us to speak to one of our experienced property lawyers for friendly, clear and, above all, practical advice. Please call us on 01630 652405 or email us david@onionsanddavies.co.uk.
Overage Agreement Services – How we can help.
Our experienced property team can assist by carefully drafting the terms of the overage agreement, specifying triggers for payment, the duration of the agreement, and how the additional payment will be calculated. With our comprehensive understanding of property law, we can identify potential pitfalls and work proactively to address these in the agreement.
We also provide clear, understandable advice to individuals who are buying land subject to an overage agreement, helping them fully understand their obligations.
At Onions & Davies, our conveyancing solicitors are committed to delivering a transparent service, explaining legal procedures and costs involved in clear, straightforward language.
Get in Touch
To speak with our residential property team today you can call us on 01630 652405 or email us at david@onionsanddavies.co.uk.
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