Overage agreements

Powerful, complete and practical overage agreements for property selling, both seller and buyer versions. Suitable for any land or site with possible future development value. These overage agreements could be used for any land deal, regardless of value. Use by incorporating in the contract for sale or as a stand-alone agreement. The benefit of an overage agreement is that the buyer is not at risk of buying at a price which does not reflect current value, while the seller can look for a future share of future value without the expense and work involved in achieving that future value.
    Templates

    Overage agreement: strong; seller side

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    A powerful overage agreement for a property seller to put to a buyer. Includes opportunities to soften as necessary in order to accommodate the buyer. Suitable for any site or plot with possible future development value.

    Overage agreement: buyer side; simple

    A complete and practical overage agreement for a property buyer to put to a seller as an incentive for the seller to sell his land. The agreement can be as soft as the buyer wishes. It is drawn as a simple version so that the buyer can minimise his future obligations. Practical and flexible.

    Overage agreement: buyer side; concessionary

    A fair and practical overage agreement for a property buyer to put to a seller in response to seller's request for an overage payment. Includes opportunities to harden or soften as necessary in order to reach agreement. For any deal, great or small. Practical and flexible.

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    What customers thought
    Tomas McHale
    Very good document. Really met my immediate needs and couldn't find anything similar anyplace online or in the precedent libraries.
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