An option and development agreements work covers contracts that give a purchaser or developer the right to buy land at a future date and to secure planning or development permissions. A solicitor drafts, negotiates and files the option deed, considers the price mechanism, and coordinates any linked development agreement, planning obligations, and collateral security. They review reserved matters, ensure triggers for exercise are clear, and manage risk around partial entries, funding, and warranties as the project progresses.
What a solicitor handles in these matters
The solicitor handles the drafting of option terms, triggers for exercising the option, and any price adjustments or indexation. They structure related development agreements, ensure security interests and guarantees are in place, and coordinate with planning authorities, landowners, lenders, and contractors to align timelines and obligations with the project’s funding and delivery milestones.
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