Overage, or clawback, Agreements govern matters following the completion of a sale of land or property. These agreements allow a seller to recoup a percentage of any uplift in the value of the property or land sold in the event that the new owner or owners are granted planning permission for future development. These documents can be very technical in nature, as they have to account for matters which have not yet occurred. Fortunately, our commercial property team have amassed a wealth of experience in negotiating these agreements and can provide expert advice in relation to their preparation, completion and future enforcement.
For further information, please contact our specialist team to discuss.