Overage agreement

Buyer version; simple
Recommended

Key features

This is a simple yet 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 minimises the buyer's future obligations.
Compliant
Compliant with the latest law in
  • England & Wales
Document propertied
Document properties
  • Length:6 pages (1550 words)
  • Available in:
    MsWordMicrosoft Word DOCXApple pagesApple PagesRTFRTF
watertight guarantee
Backed by our watertight guarantee

If the document isn’t right for your circumstances for any reason, just tell us and we’ll refund you in full immediately.

writing in plain english
Written in plain English

We avoid legal terminology unless necessary. Plain English makes our documents easy to understand, easy to edit and more likely to be accepted.

Notes
Guidance notes included

You don’t need legal knowledge to use our documents. We explain what to edit and how in the guidance notes included at the end of the document.

email
Support from our legal team

Email us with questions about editing your document. Use our Lawyer Assist service if you’d like our legal team to check your document will do as you intend.

About this document

This agreement has been drawn for a property buyer to present to a prospective seller as an offer and around which the sides can negotiate a final contract.

It is a comparatively simple version in which the seller’s rights do not pass from the present buyer to a future buyer. The effect is that the present buyer is bound for the overage period, but can sell a title “clean” of attached overage.

Furthermore, to make calculation of the charge simple, it bites only when a planning consent increases the land value by a given (substantial) sum. It thus avoids the possibility of multiple small charges.

The aim of this agreement is to provide overage terms that entices future owners to develop the property, and not one that ensures that they do not.

When to use this agreement

This agreement can be used in the acquisition of any land, for any purpose. However, we assume it will be used most frequently for a situation where the buyer intends to apply for planning permission for substantial development.

This document is in plain English. Nonetheless it is a sophisticated document drawn by a property specialist solicitor. It is suitable whether you are an individual or work through a company incorporated in England or Wales.

Net Lawman also offers an agreement for a buyer where the obligations of the buyer are rather greater but nevertheless considerable softer than the very tough versions often offered by a seller.

Contents

  • Definitions
  • Interpretation
  • Payment terms
  • Surveyor’s valuation
  • Release to enable transfer
  • Miscellaneous matters
Sample overage agreementSample page from the simple overage agreement

Choose the level of support you need

Document only

Complete the document template yourself using our guidance notes
£34.80 (incl. VAT)
Save with a membership
  • okComprehensive template covering legal and practical points
  • okDetailed guidance notes a step-by-step instructions to help you complete your document with confidence.
  • okUp to date with latest law our lawyers regularly review how new relevant law affects each document in our library
  • okWritten in plain English avoiding legal terminology unless necessary. plain English makes our documents easy to understand, easy to edit and more likely to be accepted
  • okSupport from our legal team email us with questions about editing your document
  • okMoney back guarantee that if the document isn't right
Most Popular

Lawyer Assist

Support from our legal team during and after editing
215 Reviews
£274.80 (incl. VAT)
Save up to 40% with a membership
  • okComprehensive template covering legal and practical points
  • okDetailed guidance notes a step-by-step instructions to help you complete your document with confidence.
  • okCustom workspace - get expert answers fast: a dedicated space for priority expert assistance, keeping you on track.
  • ok
    Review of your edited document by our legal team including:
    • understanding your requirements
    • checking that your document will achieve your goal
    • reporting on whether your changes comply with the law
    • answering your questions about how to word a new clause or achieve an outcome
    • checking that your use of defined terms is correct and consistent
    • correcting spelling mistakes
    • reformatting the document ready to sign
Membership plans

Standard

For occasional users of small businesses and start-ups
£95.00 per year
no auto-renewal
Save on average £270*
  • Documents included
    (average document price £37)
    10
  • Lawyer Assist Service included
    (average price £196)
  • Discount on further Lawyer Assist
    30%
  • Discount on Bespoke Drafting
  • Telephone support
  • Priority email support
    ok

Professional

For larger businesses and professional service firms
£195.00 per year
no auto-renewal
Save on average £718*
  • Documents included
    (average document price £37)
    25
  • Lawyer Assist Service included
    (average price £196)
  • Discount on further Lawyer Assist
    40%
  • Discount on Bespoke Drafting
    10%
  • Telephone support
    ok
  • Priority email support
    ok

Professional Plus

For more frequent users of Lawyer Assist
£375.00 per year
no auto-renewal
Save on average £929*
  • Documents included
    (average document price £37)
    25
  • Lawyer Assist Service included
    (average price £196)
    2
  • Discount on further Lawyer Assist
    40%
  • Discount on Bespoke Drafting
    10%
  • Telephone support
    ok
  • Priority email support
    ok
* Calculated on the basis of average price.
© 1999 - 2025 Net Lawman Limited.
All rights reserved