Option Agreement Solicitors

With one of the UK's largest, most popular and most experienced property law teams, we offer far more than standard conveyancing.

Our experienced lawyers spot the opportunities and mitigate the risks. Option agreements are a good example of an area where having the right lawyer often makes a huge difference.

When to consider an option?

An Option Agreement may be commercially appropriate where a potential buyer considers that the value of the land is significantly dependent on obtaining planning permission which is not currently in place.

A buyer/developer will commit, via an option agreement, to buy if planning is successfully obtained.

Types of property related options

A property option can be versatile and structured to suit various commercial objectives, including:

• Development options for securing future development sites

• Call options giving the right to purchase property

• Put options giving the right to sell property

• Conditional options that trigger upon specific events

• Pre-emption rights (first right of refusal on property sales)

How We Can Help

We provide comprehensive, highly experienced legal support across all stages:

• Advising on alternative structures (promotion agreements, conditional contracts)

• Option Agreement Drafting and Negotiation

• Structuring options to meet your commercial objectives including appropriate option periods and extension mechanisms, option fees and purchase price calculations

• Advising (in conjunction with accountants) on tax-efficient structures and SDLT implications

• Ensuring compliance with planning and regulatory requirements

Please do get in contact to discuss how we can help you.