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Farm Business
Agricultural Matters
Effect of overage on land value/price
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<blockquote data-quote="Tarw Coch" data-source="post: 6085758" data-attributes="member: 1008"><p>If the agreed price is reasonable and given that it’s family you’re dealing with I’d just crack on. </p><p>Had exactly the same happen 25 years ago, bought some land off my late uncles widow then they added a 50% uplift clause with a 25 year lifespan. That made no difference to the bank and we borrowed every penny.</p><p>I very much doubt wether it will ever come for building, at least not in my lifetime so was fairly pointless but kept the sellers happy.</p></blockquote><p></p>
[QUOTE="Tarw Coch, post: 6085758, member: 1008"] If the agreed price is reasonable and given that it’s family you’re dealing with I’d just crack on. Had exactly the same happen 25 years ago, bought some land off my late uncles widow then they added a 50% uplift clause with a 25 year lifespan. That made no difference to the bank and we borrowed every penny. I very much doubt wether it will ever come for building, at least not in my lifetime so was fairly pointless but kept the sellers happy. [/QUOTE]
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Effect of overage on land value/price
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