Land Agreements
Developers and Landowners may enter into Pre-emption Agreements or Option Agreements in relation to certain areas of land which they may hope to acquire in the future.
A Pre-emption Agreement gives a right of first refusal to a company or a person in the event the landowner decides to sell the land. An Option Agreement, however, normally gives a company or a person the right to require the landowner to sell the land to them. Often the right only applies for a time period which is specified in the agreement.
Occasionally the other party to the agreement refuses to comply with the terms. For instance, the landowner may not give a right of first refusal or they may refuse to sell the land when they are required to do so under the option agreement. Action may need to be taken quickly to enforce a party’s rights under the agreement.
Our Dispute Resolution Team are specialists in this area and can use their combined expertise in both Property law and Dispute Resolution to assess your case and advise you on the options available which may include an application for an injunction and / or a claim for damages.