Positive overage covenant with restriction: turn overage (overage payable on disposal) | Practical Law
A standard document enabling a seller to take a share of any uplift if the buyer sells (or "turns") the property for a higher price within an agreed overage period without necessarily improving the planning position or selling a completed development. This type of overage is often referred to "turn overage" or "anti-embarrassment overage". Provision is made for a restriction to be entered against the buyer's title and for the creation of a chain of deeds of covenant with the buyer's successors in title.