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PR301 |
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Comprehensive option agreement for any land or property with provision for an extension of the option period in exchange for an additional payment to the Seller, thus rewarding him for waiting longer, if for example expected planning consent has been delayed. |
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PR302 |
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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, thus returning 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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PR303 |
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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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PR304 |
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PR304 is as 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. |
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PR311 |
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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. The most usual condition is a grant of planning permission. |
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