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Commercial Property and Planning

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Taking options to acquire

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Most developers will look to negotiate an option for them to purchase the land within the site rather than entering into contracts to purchase the site. An option gives the developer a right to buy the property without any legal commitment to do so.

We have excessive experience in negotiation of option agreements both acting for the land owner and developer clients. Options are generally used by developers where the ability to develop the site or the nature of the development that will be possible is uncertain. The option agreement will need to cover the following basic elements:-

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