Overage

Overage definition

/ˈəʊv(ə)rɪdʒ/

What does Overage mean?

Overage (or clawback) is a seller’s right to recover additional payment(s) from a buyer at some point in the future, usually after completion of a sale, often triggered by the occurrence of an event which increases the value of the land (eg the grant of planning or completion of development).

Variances

An overage agreement
Clawback
Overage Clause

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