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Uplift/overage clauses

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  • Uplift/overage clauses

    Hi I wonder if anyone can help me understand a bit more about uplift clauses. We are looking at buying a house with 3 acres, however this 3 acres has a 40% uplift clause on it for perpetuity. Although we'd have no intention of building houses on it, I do run a small business from home so would need a wooden structure (eg 10 square metres) on it to run my business from. Can anyone advise me how the uplift would work in this case....

    How do they work out the increase in value?
    If you only develop a small portion of land how is this calculated?

    Thank you x