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Understanding overage

By: Contributor(s): Language: English Series: The Estate Agent ; November 2009, 31-32(2)Publication details: 2009Subject(s): Summary: Discusses overage, the right of someone who is not the landowner to receive part of the future enhanced value of a property long after the sale transaction. Provides details about calculation of the payment, the possibility of more than one overage payment and the duration of the overage.

Discusses overage, the right of someone who is not the landowner to receive part of the future enhanced value of a property long after the sale transaction. Provides details about calculation of the payment, the possibility of more than one overage payment and the duration of the overage.