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Option to buy/right of first refusal agreements

An option agreement is used where the seller has agreed to sell, but the purchaser is awaiting the outcome of a planning application, or the occurrence of some other future event, before committing to the purchase.

A pre-emption agreement is used where a buyer wants the opportunity to buy a property in the event that the seller decides to dispose of it, usually during an agreed period.

Both these agreements can be complex, requiring various conditions to be met within specific time frames and with various calculations being used to establish the purchase price.

Using our specialist experience, we ensure that your individual needs are met and that your interests are protected when entering into any agreement of this kind.