Option clauses

Option clauses guidance:

In all but the simplest cases and particularly with development land, a fixed price may not be sufficient and the price will be based on the market value of the land. An...

Practice Note

Option agreements are strictly construed and the option may be lost if the option holder does not exercise it correctly. An option agreement is a contract for sale and...

Practice Note

A call option is (generally) an equitable interest in land and must be protected by registration in order to bind the grantor’s successors in title. The exception is...

Practice Note

Call options are frequently used by developers to secure a right to buy land if planning permission is obtained. Taking an option provides the developer with time to make...

Practice Note

Unless the option agreement or contract specifically allows for extensions of time, the time limit must be strictly adhered to. It cannot be extended by reference to...

Practice Note

Option to purchase the reversion 1 The Landlord and the [Original] Tenant agree in the terms set out in Schedule 1. Schedule 1 [Original] Tenant’s option to purchase the...

Precedents

1 Definitions [Guarantor for the purposes of clause 2, the ‘Guarantor’ includes any person acting as guarantor for the Tenant at the date of exercise of the Option (but...

Precedents
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