Finger on the trigger
Lethbridge, Alexandra
Finger on the trigger - 2008 - Estates Gazette (0811) 22 March 2008, 84-86(3) .
Examines the complex legal framework known as overage, which enables parties other than the landowner to share in an increased value of land. A seller may be entitled to a share of increased value even after the time of sale. Most property deals contain some measure of overage. Such conditions are normally invoked upon one of two trigger events occurring: planning and development. Considers the length of overage rights, methods of protecting those rights, and ways in which overage value may be calculated. Provides an overview of emerging trends as the laws of overage continue to develop.
United Kingdom--
Finger on the trigger - 2008 - Estates Gazette (0811) 22 March 2008, 84-86(3) .
Examines the complex legal framework known as overage, which enables parties other than the landowner to share in an increased value of land. A seller may be entitled to a share of increased value even after the time of sale. Most property deals contain some measure of overage. Such conditions are normally invoked upon one of two trigger events occurring: planning and development. Considers the length of overage rights, methods of protecting those rights, and ways in which overage value may be calculated. Provides an overview of emerging trends as the laws of overage continue to develop.
United Kingdom--