What is an Option Agreement?
Option Agreement is where the sale of the land is negotiated, subject to planning permission being achieved by a developer. You are committing to a developer who will, ultimately, build the houses on the land and promote your land for an agreed time period. When planning permission is obtained, the developer would purchase the land following a valuation exercise by one of our RICS Registered Valuers.
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An attractive timber framed outbuilding with planning consent for conversion…