Drafting points for overage

Key points for consideration when drafting overage agreements, including:

• What is overage, and what are the risks involved?
• Using planning permission as a trigger.
• Dealing with disposals of the land.
• Excepted dispositions.
• Calculating overage - units sale proceeds; market values.
• Protecting overage.

and an analysis of the following cases:

Bride Hall Estates Ltd v St George North London Limited [2003] EWHC 927 (Ch).
Akasuc Enterprise Ltd v Farmar & Shirreff [2003] EWHC 1275 (Ch).
Bride Hall Estates Ltd v St George North London Limited [2004] EWCA Civ 141.
Barnet LBC v Barnet FC Ltd [2004] EWCA Civ 1191.
Francis v Barclays Bank plc [2004] EWHC 2787 (Ch).
Groveholt Ltd v Hughes [2005] EWHC 48 (Ch).
Groveholt Ltd v Hughes [2005] EWCA Civ 897.
Warnborough Ltd v Garmite Ltd [2006] 03 EG 121 (CS).
Chartbrook Ltd v Persimmon Homes Ltd [2007] EWHC 409.
Connolly Ltd v Bellway Homes Ltd [2007] EWHC 895 (Ch).
Ross River Ltd v Cambridge City FC Ltd [2007] EWHC 2115 (Ch).
Johnson v Secretary of State for Communities and Local Government [2007] EWHC 1839 (Admin).
Chartbrook Ltd v Persimmon Homes Ltd [2008] EWCA Civ 183.
Walker v Kenley [2008] EWHC 370 (Ch).
Micro Design Group Ltd v BDW Trading Ltd [2008] EWCA Civ 448.
Transview Properties Ltd v City Site Properties Ltd [2008] EWHC 1221 (Ch).