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tdlawyer
tdlawyer, Lawyer
Category: Law
Satisfied Customers: 1096
Experience:  11 years experience of general practice.
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Can I sell a plot of currently undeveloped land with a proviso

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Can I sell a plot of currently undeveloped land with a proviso that if developed later by the new owner I would get a share of profits from future sale? If so, what is this called??

tdlawyer :

Hi, my name isXXXXX can answer this for you.

Customer:

Thank you. What else do you need to know?

tdlawyer :

It's okay - the answer to your question is: yes, you can do this. It's called an overage agreement.

Customer:

Thank you

tdlawyer :

Is there anything else I can assist with?

Customer:

no thank you

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