Land transactions can be structured in several ways, but two of the most common mechanisms are option agreements and conditional contracts. While both are designed to give buyers and landowners a degree of flexibility and certainty, they work very differently in practice.
- Option agreements give a buyer the right (but not the obligation) to purchase a property within a set timeframe, often while they pursue planning permission or assess development potential.
- Conditional contracts, by contrast, are binding agreements to buy provided certain conditions, such as securing planning consent, are satisfied.
Understanding which approach is best depends on your goals, your risk appetite, and how much control you want over the process.
Download the full article to see how these agreements work in detail and what they could mean for your next project.
Download the full case study here
Whether you’re a developer looking to secure land opportunities or a landowner seeking certainty, our commercial property team at Lightfoots Solicitors can help you choose the right structure for your deal.
To find out more, please get in touch:
01844 212 305
enquiries@lightfoots.co.uk
www.lightfoots.co.uk