Landowner call option where planning is being obtained by the buyer—market value incorporating the Standard Commercial Property Conditions (Second Edition) [Archived]
Landowner call option where planning is being obtained by the buyer—market value incorporating the Standard Commercial Property Conditions (Second Edition) [Archived]

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

  • Landowner call option where planning is being obtained by the buyer—market value incorporating the Standard Commercial Property Conditions (Second Edition) [Archived]
  • Parties
  • Schedule 1 [Property matters
  • Schedule 2Option Notice

ARCHIVED: This Precedent incorporates the Standard Commercial Property Conditions (Second Edition) and is no longer maintained. The Third Edition of the Standard Commercial Property Conditions was published on 27 April 2017. For a maintained version of this Precedent incorporating the Third Edition, see Landowner call option where planning is being obtained by the buyer—market value incorporating the Standard Commercial Property Conditions (Third Edition).

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:

    Appeal

    1. an appeal against a Planning Refusal made by or on behalf of the Buyer;

    Buyer’s Section 288 Challenge

    1. an application made by or on behalf of the Buyer pursuant to section 288 of the