Secure the future of your property development with an ironclad Option Agreement. Our specialist solicitors draft and negotiate bespoke agreements that give you the right to purchase land or property at a future date, protecting your interests and maximising your opportunities.
Unlike a standard purchase, an Option Agreement provides powerful benefits for both parties in a property deal, offering a unique combination of security and flexibility.
Gain exclusive rights to purchase a site without committing your capital upfront. This allows you to pursue planning permission with the security of a fixed purchase price, completely mitigating your risk.
Discuss Your DevelopmentBenefit from a developer's expertise and funding to achieve a valuable planning consent on your land. You receive a non-refundable Option Fee upfront and secure a future sale at a price far greater than the land's current value.
Maximise Your Land ValueEssential for long-term strategic land promotion. Option Agreements are a key tool for assembling sites, promoting land through the planning system, and securing future development pipelines.
Discuss a Strategic Site
An Option Agreement is a powerful but complex tool. Our partner-led team has the commercial acumen and technical expertise to draft agreements that truly protect your interests and maximise your opportunities.
We don't use templates. Every condition, obligation, and long-stop date is meticulously drafted to reflect the specific commercial realities of your deal.
Our primary role is to identify and mitigate your risk. We ensure the conditions are objective, unambiguous, and cannot be exploited by the other party.
We are tough, commercially-minded negotiators focused on achieving the most favourable terms for you, whether you are the buyer or the seller.
"I have been using Wildlings Solicitors for the last 5 years for all my business needs. From leases to acquisitions, I have always found them to be extremely thorough and professional. I would highly recommend them to anyone seeking legal advice or services."
- Google Review | Business Services"We have used Nazia at Wildlings Solicitors for a number of commercial leases now and have found her to be extremely helpful and efficient. The transactions are always dealt with speedily and professionally. We would have no hesitation in recommending their services."
- Google Review | Commercial LeasesAn Option Agreement gives a developer the exclusive right to buy a property or piece of land within a specified timeframe (the 'Option Period'), usually at a pre-agreed price or a price based on market value.
An Option Agreement gives the buyer the *option* to buy but no obligation. A Conditional Contract creates a binding obligation to buy *if* the condition is met. The choice depends on the commercial terms of the deal.
This is a non-refundable sum paid by the developer to the landowner in exchange for the "option". It compensates the landowner for tying up their property during the Option Period.
This is the price the developer will pay if they decide to exercise their option to buy. It can be a fixed price agreed at the start, or a formula based on the market value of the land once planning permission is granted.
This is a key point of negotiation. It needs to be long enough for the developer to realistically obtain planning permission, which can often take several years. We negotiate a fair period that works for both parties.
A well-drafted agreement will obligate the developer to actively pursue a planning application at their own cost. This protects the landowner from a developer who simply sits on the option without making any progress.
No. The Option Agreement is registered against the property's title at the Land Registry, which legally prevents the landowner from selling the property to any other party until the Option Period expires.
An Option Agreement can be the key to a highly successful project. Let our expert solicitors draft the agreement that protects your interests.
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Wildings Solicitors are authorised and regulated by the Solicitors Regulation Authority (no. 552128). Wildings Solicitors is a trading name of Wildings Solicitors LLP, a limited liability partnership registered in England and Wales. Registration Number OC360274 registered office 862-864 Washwood Heath Road, Ward End, Birmingham, B8 2NG. A list of Directors is available from the registered offices. We do not accept service by email.
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