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Get Ready for the Solar Rush!
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Getting Started Exclusivity Head of Terms:- Location of the lands
The “Option Period” The Commercial Terms – the Money!!! Exclusivity Clause Maintenance Legal Fees
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The Option for Lease Agreement
1. The Option Period (NB the right to extend) - if there is an option to extend the Option Period, seek to limit the rights of the Developer as follows:- - have they applied for Planning Permission - have they got a grid connection - look for more money!! 2. Landowners obligations 3. Can you use your property throughout the Option Period 4. Planning Permission
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5. Legal Fees 6. Assignment of the Option 7. Insurance 8. Termination 9. Title Matters 10. Registration of a Caution
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The Lease Developers Covenants 2. Landowners Covenants
3. Typical Rental Payments under a lease of a Solar Project 4. Energising Payment 5. Direct Agreement Clause
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