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  • Overview

    Gilbert Green was contacted by local agents to advise their farming client on an old option that had been granted several years ago to a local housebuilder.  The option was now held by a national housebuilder and a situation had arisen where it was arguable that the option had expired.  Based on this, we were able to negotiate more favourable terms for the clients, converting the old option into a conditional contract and negotiation of a new, parallel option.  This not only enabled certainty as to price, but it also provided an opportunity to impose new terms to protect the value and amenity of the retained farm. The transaction was extremely important for the client as it provided future working capital for the farming business and comfort for the owners of the farmhouse as to the scale and layout of the development.

    The transaction involved two different families owning the farm, and a farming company with an old Agricultural Holdings Act tenancy. In conjunction with the clients’ land agent and valuer, Gilbert Green negotiated the terms of the new sale direct with the national house builder purchaser. Whilst negotiating a complex set of documents, Gilbert Green also dealt with the negotiation and completion of a complicated Section 106 Agreement. Following the grant of planning permission we completed the sale.

  • Related Services

    Agriculture & Rural Affairs

    Commercial Property & Development

    Our Commercial Property & Development team give commercially orientated advice and ensure a speedily concluded transaction whether you are purchasing, selling or leasing commercial property.

Get In Touch

By submitting an enquiry through 'get in touch' your data will only be used to contact you regarding your enquiry. If you would like to receive newsletters from Thomson Snell & Passmore please use the separate form below.

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General Private Client UpdatesGeneral Commercial UpdatesConstruction UpdatesCourt of Protection UpdatesAgriculture & Rural Affairs UpdatesCommercial Property UpdatesEmployment UpdatesDispute Resolution UpdatesCorporate & Commercial UpdatesCharities & Not for Profit UpdatesFood & Drink UpdatesEducation UpdatesTransport & Logistics UpdatesFamily Business & Owner Managed Businesses Updates

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Jargon Buster