Option agreements

Option agreements give prospective purchasers a right to buy a property at a predetermined price within a specified timescale. Both Landowners and developers have successfully utilised and benefited from option agreements for many years.

The terms of these agreements can be complex and our specialist legal team will simplify and guide you through the negotiation and documentation process. Our commercial property team will take time in preparing and negotiating an option agreement best suited for you and your business.

We have extensive experience in negotiating and completing option agreements for landowners and developers in Darlington, the North East, and nationally including foreign companies inwardly investing. Adam Wood has specialist experience in relation to option and licence agreements for opencast mining and quarry sites. Neil Stevenson has particular expertise in option agreements for wind farms.

Whatever the nature of the option agreement, Latimer Hinks has the expertise to advise you. Our services include:

  • Preparing and Negotiating Option Agreements
  • Stamp Duty Land Tax Advice
  • Advising on Overage/Clawback Issues
  • Taxation Issues

Key contacts in option agreements