Landowner letters can lead to binding decisions.
A speculative letter may simply ask for a conversation, but it can also be the first step towards an option agreement, promotion agreement, exclusivity arrangement, direct purchase, subject-to-planning deal or auction sale route. Before agreeing terms, it is sensible to understand the planning potential, buyer demand and whether the offer has been properly tested.
We can help you check
- Whether the proposed route is likely to protect your position.
- Whether the land should be marketed to other developers or promoters.
- Whether the proposed fee, discount, option period or promotion period appears commercially sensible.
- Whether obvious planning, local plan, access, title or Section 106 issues need further advice.