Call option—fixed price plus indexation incorporating the Standard Commercial Property Conditions (Third Edition)
Call option—fixed price plus indexation incorporating the Standard Commercial Property Conditions (Third Edition)

The following Property precedent provides comprehensive and up to date legal information covering:

  • Call option—fixed price plus indexation incorporating the Standard Commercial Property Conditions (Third Edition)
  • 1 Definitions
  • 2 Interpretation
  • 3 Grant of Option
  • 4 Right of access
  • 5 Alienation
  • 6 Registration of the Option
  • 7 Seller not to further encumber
  • 8 Exercising the Option
  • 9 Deposit
  • More...

This Agreement is made on [date].

Parties

  1. 1

    [insert name of Seller] [of [insert address][ and whose address for service in England and Wales is [insert address]] OR incorporated in England and Wales with company registration number [insert company registration number] whose registered address is at [insert registered office address]] (the Seller);

  1. 2

    [insert name of Buyer] [of [insert address][ and whose address for service in England and Wales is [insert address]] OR incorporated in England and Wales with company registration number [insert company registration number] whose registered address is at [insert registered office address]] (the Buyer).

    1. 1

      Definitions

      In this Agreement the following definitions apply:

      [Base Price

      1. £[insert figure];]

      Buyer’s Solicitors

      1. means [insert name of solicitors] reference [insert matter and fee earner reference details] or such other solicitors as the Buyer may notify to the Seller in writing;

      [Charge[s]

      1. the charge[s] appearing at entr[y OR ies] [insert entry numbers] on the Charges Register of title number [insert title number] as at [insert date and time of official copy entries].]

      Completion

      1. the date on which a transfer of the Property to the Buyer is actually completed;

      Completion Date

      1. the date which is [10] Working Days after:

        [(a) ]the date on which the Buyer serves the Option Notice; [or]

        [(b) if the calculation of the Price is referred to an arbitrator for determination pursuant to paragraph 1.3 of Schedule 1, the date on which the

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