Overage deed (long form—percentage of amount by which development receipts exceed a series of thresholds)
Published by a LexisNexis Property expert
PrecedentsOverage deed (long form—percentage of amount by which development receipts exceed a series of thresholds)
Published by a LexisNexis Property expert
PrecedentsDate: [insert formal date of deed DD-month-YYYY]
Parties
1
[insert name of seller ][of [insert address] OR incorporated in England and Wales with company registration number [insert company registration number] whose Registered office is at [insert address]] (the Seller); and
2
[insert name of buyer ][of [insert address] OR incorporated in England and Wales with company registration number [insert company registration number] whose registered office is at [insert address]] (the Buyer).
Recitals
(A)
[By a sale and purchase agreement (the 'Contract') dated [insert date] the Seller agreed to sell the Property to the Buyer.]
(B)
By a transfer dated [on the date of this deed OR [insert date in its full format DD-month-YYYY]] the Seller transferred the Property to the Buyer.
(C)
This deed is supplemental to [both the Contract and] the Transfer.
1
Definitions
In this Deed, the following definitions apply:
Acceptable Planning Permission
- •
Planning Permission which is acceptable to the Buyer[(acting reasonably) OR (in its absolute discretion)];
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has the meaning given to the term 'social housing'
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