Unfortunately, in commercial property contractual disputes can be common place. Disputes can cover a range of issues but particularly frequent are disputes regarding option and overage agreements.
Once land has the benefit of planning permission it is likely its value will increase. Owners therefore add an obligation to the buyer to make an overage payment should this happen. However parties often later disagree on the amount payable and how and when that payment should be made, particularly if the agreement in place is not as clear as it should be.
These areas can be complex and highly contested. Professional expertise is needed from the outset to understand your position and agree an effective and swift resolution.
Speak to GA’s property litigation specialists by calling 01752 203500 or use our online enquiry form.
