Buying site subject to Planning Permission

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bacchus

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I was wondering if somebody out there could explain the process when buying a site subject to PP.

It is a fiarly open query, so few questions to get the tread started:
1- Who of the vendor / buyer applies for PP? Is the permission granted to the vendor or the buyer?
2- Considering PP can takes months (years?) to be granted, is the site "Sale Agreed" during all that time, and becomes "Sold" when PP granted?
3-Is it possible to prevent the vendor from increasing the price once PP has been granted?


Any info/links/etc welcome...

Thanks
 
The buyer usually signs a contract with the vendor to purchase the site,which is conditional on the buyer receiving full planning permission within a specified time limit. The buyer then applies for planning, if granted the purchase proceeds, if not granted, it does not. As a contract is signed the vendor cannot increase the price.
 
Hi Vanilla,
So, in that case, one's will have to pay €1000s to solicitor/surveyor/engineer/architect/ you name it.....before owning the site, and may be left with nothing after all these expenses, correct?
Is there a way around this?
 
Well, you could risk applying for planning without a signed contract, but then you would be in the position where the vendor is not obliged to sell to you if you get your planning. The legal fees for such a contract would not be big- I think the planning fees would be much higher. Its your euro so you decide if you want to take the risk or not.
 
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