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Overage Clause - help!
Comments
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[FONT=Calibri,sans-serif][FONT=Calibri,sans-serif]Does "[/FONT]development value" =
* cost of development , or
* value the development adds to the property
? I don't know. Needs a legal interpretation from someone who does.
[/FONT]
I got the feeling this was the buyer's solicitor's wording, not the seller's.0 -
My guess about this would be that it is cheaper than usual for the area and with a bigger garden than usual of the area because it has the overage clause. A property is only worth what someone will pay for it. If a lot of people don't want to buy a house with an overage clause then that is what is wrong with this property which is why it may appear to be good value.0
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