To send enquiry to Rix & Kay please click the link below...

Enquiry

Overage and Clawback agreement

For more information, articles, videos and more...

Click Here

Overage, clawback and sometimes uplift are all terms used essentially to describe the same which is a requirement by a seller that in certain circumstances at some later stage the buyer is to pay additional sums for the same piece of land.

Commonly overage provisions will require further payments to be made where:-

It is important that in negotiating the terms of the overage that suitable proportions are negotiated so that the buyer of the property continues to be motivated develop land otherwise the existence of the overage will simply sterilise the property.

Your most convenient Rix & Kay office.

Ashford Office
Suite 4c, Third Floor,
International House, Dover Place
Ashford, Kent, TN23 1HU

Tel: 01233 225660
Fax: N/A
DX: N/A

Brighton & Hove Office
7 The Drive
Brighton & Hove
BN3 3JS

Tel: 01273 329797
Fax: 01273 324082
DX: 59257 Hove

Seaford Office
26 Sutton Park Road
Seaford, East Sussex
BN25 1QU

Tel: 01323 897766
Fax: 01323 490278
DX: 38905 Seaford

Sevenoaks Office
16 South Park
Sevenoaks
Kent
TN13 1AN

Tel: 01732 440855
Fax: 01732 440854
DX: 30025 Sevenoaks

Uckfield Office
The Courtyard
River Way
Uckfield, East Sussex
TN22 1SL

Tel: 01825 761555
Fax: 01825 764172
DX: 133963 Uckfield 2

  • This field is for validation purposes and should be left unchanged.