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How does an
option agreement work?

When a property owner is considering selling, we may take an option on that site. This means that we will make an offer to the landowner for the property and its land. The option to buy will be above market rates for the current property because we believe we can secure planning permission to develop it.

An option agreement is valid for a defined period of time, during which we will work to secure planning permission to develop the property / land. This is at our cost and at our risk, once planning permission has been granted, then the land owner will sell the property to us at the pre-agreed price.

Should we be unsuccessful on gaining planning permission within the agreed timescales, then the option to buy is removed from the property.

The benefit to the seller is a higher sale price and zero risk

Option Agreements AVF Developments

how

how

How does the process work?

Contracts

We will draw up a contract agreeing the option for us to buy the property / land within a defined time period

Architectural plans

Our architectural team will draw up the necessary plans ready for submission

Planning permission

We will submit a planning application to the local authority for the proposed development

Planning permission – secured

If planning is consented within the agreed time period set out in our contract, you are legally obliged to sell the land to us

Planning permission – not secured within the agreed time period

If we cannot secure planning consent within the agreed period, then the option agreement is removed

We offer fair, local market rates which are more likely to lead to completion. Not only are we professional and experienced property developers, we are also self-funded which enables swift and smooth transactions

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AVF Developments Limited is a Private Limited Company registered in England and Wales
Registered Number: 10777419
Registered Office: 67 Westow Street, Upper Norwood, London, SE19 3RW
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