Call option—market value incorporating the Standard Commercial Property Conditions (Third Edition)
Call option—market value incorporating the Standard Commercial Property Conditions (Third Edition)

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

  • Call option—market value incorporating the Standard Commercial Property Conditions (Third Edition)
  • Parties
  • Schedule 1 [Property matters
  • Schedule 2Option Notice

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

  2. In this Agreement the following definitions apply:

    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 the Price is agreed or determined