An unconditional contract for the sale or purchase of land is the simplest form of contract and means that there are no conditions attached to your contract. The buyer will be agreeing to complete the purchase of the land on the completion date specified in the contract and the sale/purchase will not be dependent on any other factors.
While conditional contracts can provide certainty for both parties, it is often unsuitable for a development site unless the site already benefits from satisfactory planning permission and a developer is happy to proceed with the transaction as is and not relying on any further permissions being obtained.
Although an unconditional contract is the simplest form of contract for the sale or purchase of land, with development there are very often additional terms needed in the contract to deal with any copyright, community infrastructure levy, or environmental issues attached to the site.
Speak to our team today to see if an unconditional contract is right for you.