Understanding option agreements
An option agreement is a legal agreement between a landowner and a potential purchaser.
It gives the purchaser an agreed period in which to investigate the land, pursue its development potential and, subject to the terms of the agreement, the right to purchase it.
You continue to own the land throughout the option period. The terms, timescales and circumstances in which the option can be exercised are agreed at the outset.
1. No upfront cost
We cover the costs associated with exploring the development potential of your land, including planning, surveys and professional fees. You are not expected to fund the process.
2. Agreed from the outset
The key terms are agreed before the option is put in place, including the option period and the circumstances in which the land may be purchased. You continue to own the land throughout the option period.
3. You remain in control
You retain ownership of your land while we carry out the work needed to understand its potential. We keep you informed throughout, so you know what is happening and why.
4. Our interests are aligned
We invest our time, expertise and resources in securing the best possible outcome for your land. The aim is simple: an outcome that works well for both of us.
A shared opportunity
Working towards the right outcome
Your land
You retain ownership throughout the process. We take the time to understand the land, its circumstances and what matters to you.
Every opportunity is different. Our role is to understand your land, explore its potential and work with you towards an outcome that makes sense for everyone involved.
Our role
We use our experience and expertise to investigate the opportunity, manage the planning process and identify a suitable route forward.
Working together
We keep you informed throughout and work towards an outcome where our interests are aligned and both parties benefit from a successful result.
Your land. Our expertise. A shared opportunity.
A good outcome for you is a good outcome for us.