Option clauses

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Precedents
Panel 11 (transfer of whole)/panel 12 (transfer of part)—Additional provisions1Definitions[Lease•the lease particulars of which are set out in...
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9th Nov
Practice notes
Wrongful interference with an easement is a private nuisance. The existence of the easement must be established for a claim to succeed.Not every...
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9th Nov
Precedents
[To be printed on Landlord’s letterheaded paper]Our Ref:Date:To: [insert name of Tenant]From: [insert name of previous Landlord] [of [insert address]...
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9th Nov
Precedents
This Deed is made on [insert date]PARTIES1[insert name of the owner of the Servient Land] [ of [insert address] OR incorporated in England and Wales...
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9th Nov
Practice notes
TrespassTrespass is the unlawful presence of a person on land in the possession of another. The ownership of land includes the airspace above it....
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9th Nov
Practice notes
When transferring an interest in land, any fixtures form part of the land and are transferred with it, unless there is express provision to the...
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9th Nov
Precedents
1 The Grantor grants to the Grantee the right for the Grantee and his successors in title as owners or occupiers for the time being of...
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9th Nov
Precedents
Transfer of partPrecedent transferAn adaptable Word version of the precedent form TP1 can be downloaded, saved or printed from this link:Drafting...
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9th Nov
Practice notes
Effect of appointmentA fixed charge receiver is appointed under a legal charge or mortgage and only has power to deal with and dispose of the charged...
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9th Nov
Practice notes
The Solicitors Regulation Authority’s (SRA) Handbook (SRA Handbook 2011) which contains the Solicitors Regulation Authority’s Code of Conduct (SRA...
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9th Nov
Practice notes
The implied or deemed surrender and re-grant of a lease arises where an agreed variation of the terms of the original lease is so fundamental that the...
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9th Nov
Practice notes
The Third EditionThe third edition of the Standard Commercial Property Conditions was published on 27 April 2017. It is an update to Standard...
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9th Nov
Practice notes
Contracts are often drafted on the basis that a condition or conditions must be satisfied before completion takes place (a condition precedent)....
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9th Nov
Practice notes
Coronavirus (COVID-19): This Practice Note contains guidance on subjects potentially impacted by the government’s response to the COVID-19 outbreak....
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9th Nov
Practice notes
Joint insuranceJoint insurance arises where two or more people insure separate insurable interests in the same property with the same insurer under a...
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9th Nov

Most recent Option clauses content

Practice notes
Call options are frequently used by developers to secure a right to buy land if planning permission is obtained. Taking an option provides the...
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8th Apr
Practice notes
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...
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8th Apr
Practice notes
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...
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8th Apr
Practice notes
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....
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8th Apr
Practice notes
Unless the option agreement or contract specifically allows for extensions of time, the time limit must be strictly adhered to. It cannot be extended...
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8th Apr
Precedents
Option to purchase the reversion1The Landlord and the [Original] Tenant agree in the terms set out in Schedule 1.Schedule 1[Original] Tenant’s option...
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29th Nov
Precedents
1 Definitions [Guarantor for the purposes of clause 2, the ‘Guarantor’ includes any person acting as guarantor for the...
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26th Sep

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