Conditional Contracts

Conditional contracts for the sale and purchase of land may be used by a developer when it wishes to secure an interest in land with potential for development but does not want to be obliged to acquire it until the condition (which is usually but not always, related to the grant of planning permission) is satisfied. A landowner will wish to ensure that a developer is obliged to acquire the land if the condition is satisfied. The consideration and drafting of the scope and terms of any such conditions and the timescales and triggers for their satisfaction is thus paramount for both parties. Davies and Partners has the expertise to assist either developers or landowners to achieve their objectives and having satisfied the condition(s), to conclude the sale and purchase.