Net Lawman have options to buy many assets. These are options to buy land (real property). We also have an option suitable for intellectual property (set up for a domain name) and one suitable for “goods” (set up for a horse).
When to use:
All these contracts will take effect to create a valid option to buy land.
The standard version IE-PR303 is most fitting for dealing with a land owner who is happy with legal documents, or with his solicitor.
IE-PR301 is as IE-PR303, but with built-in provision for an extension of the option period in exchange for an additional payment to the Seller. This rewards the Seller for waiting longer.
IE-PR302 is as IE-PR303, but with built-in provision for increasing the exercise price in proportion to the increased value of the land, thus returning a “fair” proportion of the increase to the seller, regardless of the level of success of any scheme.
IE-PR304 is as IE-PR303, but with warranties and “legal” provisions reduced. This recognises that many land owners may be reluctant to sign an agreement which appears too legalistic.
IE-PR305 is as IE-PR304, but even simpler. It contains only the basic points necessary to create a valid option and buy the land.
IE-PR311 is a conditional contract - the entire deal is under contract and both sides are bound - subject only to one or more conditions being met, such as a grant of planning permission.
These agreements are suitable for:
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any type of land - field, farm, shop, garage, house, derelict site, or other land.
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any situation where an option is required. If land is to be bought for a large scheme, then IE-PR301, 302, or 303 will be appropriate. If the land owner may be reluctant or the land value small, the IE-PR304 or 305 will be suitable.
