Overage

Overage guidance:

[To be printed on headed notepaper of applicant including full contact details] HMRC SDLT Deferment Applications [[insert relevant HMRC address]] United Kingdom Dear...

Precedents

Date [insert date of deed] Parties 1 [insert name of party giving the covenant] of [insert address OR incorporated in England and Wales with company registration number...

Precedents

Date [insert date of deed] Parties 1 [insert name of buyer] [of [insert address] OR incorporated in England and Wales with company registration number [insert company...

Precedents

Date [insert date of deed] Parties 1 [insert name of buyer] [of [insert address] OR incorporated in England and Wales with company registration number [insert company...

Precedents

Date [insert date of deed] Parties 1 [insert name of seller] of [[insert address] OR incorporated in England and Wales with company registration number [insert company...

Precedents

Date: [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...

Precedents

Overage is a covenant or contractual obligation by the buyer to make an additional payment to the seller in the event that specified events occur. It is important to...

Practice Note

Overage (sometimes known as clawback or deferred consideration) enables a seller to benefit from an uplift in the value of land (eg where planning permission is obtained...

Practice Note

When a solicitor is instructed to draft and negotiate an agreement that includes receipt of overage payments, those instructions include an obligation to provide...

Practice Note

The ScheduleOverage—ascertainment and payment 1 Definitions In this Schedule the following definitions apply: Buyer’s Surveyor a chartered surveyor with not less than 15...

Precedents

The ScheduleOverage–ascertainment and payment 1 Definitions In this Schedule the following definitions apply: Additional Residential Unit any Residential Unit on the...

Precedents

The ScheduleOverage–ascertainment and payment 1 Definitions In this Schedule the following definitions apply: Buyer's Surveyor a chartered surveyor with not less than 15...

Precedents

The ScheduleOverage—ascertainment and payment 1 Definitions In this Schedule the following definitions apply: Affordable Housing Unit means: (a) an ['affordable housing...

Precedents

The ScheduleOverage—ascertainment and payment 1 Definitions In this Schedule the following definitions apply: Buyer's Surveyor a chartered surveyor with not less than 15...

Precedents

[insert precedent overage deed (this precedent is designed to be a schedule to be ‘bolted on’ to our front end overage deed)] The ScheduleOverage—ascertainment and...

Precedents

Schedule 1 1 Definitions In this Schedule the following definitions apply: Buyer's Surveyor a chartered surveyor with not less than 15 years' experience in the...

Precedents

Definitions HMRC Her Majesty’s Revenue and Customs Lease the lease of the Property dated [insert date] and made between [insert parties] SDLT stamp duty land tax as...

Precedents

Definitions Deferred SDLT has the meaning as set out in clause [insert number] HMRC Her Majesty’s Revenue and Customs SDLT stamp duty land tax as provided in Part 4 of...

Precedents

Date [insert date of deed] Parties 1 [insert name of seller] [of [insert address] OR incorporated in England and Wales with company registration number [insert company...

Precedents

An unpaid vendor’s lien operates as a type of equitable charge giving the vendor full security in equity for payment of the agreed purchase price. It applies to freehold...

Practice Note

This Practice Note is about the VAT implications of overage payments. Why does this matter? Very broadly, VAT will be due on overage if the original sale giving rise to...

Practice Note
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