This is a conditional contract - the entire deal is under
contract and both sides are bound - subject only to one or
more conditions being met. The most usual condition is a
grant of planning permission
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Comprehensive option agreement for any land or property
with provision for increasing the exercise price in proportion
to the increased value of the land. This returns an agreed
proportion of the increased value to the seller, regardless of
the level of success of any scheme. Protects buyer if full
proposals fail
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This standard comprehensive version is suitable for dealing
with a land owner who requires an option agreement in its
simplest form. Completely watertight yet elegantly easy
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This standard comprehensive version is suitable for dealing
with a land owner who is happy with legal documents, or
with his solicitor. It does not contain the additional provisions
of other documents
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A put option is an obligation on the buyer to buy within the
option period (exercisable by the vendor who has paid the
prospective purchaser a sum to take the obligation to buy).
This is a comprehensive put option agreement, for the
granting and exercise of an assignable time-limited put option
over land
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