The online resource for UK Property Law

Overage

Introduction What is “overage”? What are the constituent elements of an overage clause? How long will it last? What will trigger the payment? How will the payment be secured? What are the drafting issues? In this detailed article Peta Dollar, the editor of the Property Transactions section of the site, answers these questions and more. What is “overage”? When land is sold, the vendor will normally do his best to sell at the best possible price – indeed, if the…

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