Sdlt On Option Agreements
Options and pre-emption rights are land interests, but are not considered „principal interests“. However, the fact that the granting of an option is linked to its exercise often implies that the grant under FA03/S81A is subject to reporting or that the initial performance must be changed when exercising the option. The acquisition of an option requiring the licensor to enter into a land transaction is treated as a land transaction separate from any land transaction resulting from the exercise of the option, although these may be „related transactions“ in fa 2003, p. 108. A land purchase option is a binding right granted by a landowner for a fee giving a potential buyer the right to purchase until a given date. .