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ARTICLE · 30 MAY 2023

A Guide To Overage Provisions Of Land

Myerson Solicitors LLP
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An overage provision is a contractual arrangement that allows the seller of land to receive additional payments in the future if certain conditions are met.

United KingdomReal Estate and Construction
Myerson Solicitors LLP
Myerson Solicitors LLP

What is an overage provision?

An overage provision is a contractual arrangement that allows the seller of land to receive additional payments in the future if certain conditions are met.

Typically, these conditions relate to the future use or development of the land.

Benefits of overage provisions

There are several benefits to incorporating an overage provision into a land sale:

  1. They allow the seller to maximise their profits from the sale of the land, as they can receive additional payments in the future if the land is developed in a particular way.
  2. They can provide a useful source of income for the seller in the future, even if they have already moved on from the property.

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