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Option agreement question

  • 28-11-2022 5:58pm
    #1
    Registered Users Posts: 117 ✭✭


    A landowner has signed an option agreement with a windfarm developer where the developer has the option to purchase land if they get planning permission for the windfarm. If the landowner dies before the option is activated, is the subsequent owner of the land bound by the agreement ?



Comments

  • Registered Users Posts: 243 ✭✭chunkylover4


    It depends on how the agreement is drafted and whether or not it is a deed. Is there a clause in relation to succession and was it executed as a deed?



  • Registered Users Posts: 117 ✭✭MunsterM


    I don't know the details. The landowner is an elderly relative and myself and other family members were wondering what will happen to the land when they die.

    I guess we'll find out when the time comes.

    Thanks for replying.



  • Registered Users Posts: 636 ✭✭✭cap.in.hand.


    The developer will be the one in control now you'd think not the landowner.... it's more so the land not the landowner

    Post edited by cap.in.hand. on


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