What is a renewable energy Option & Lease agreement?
A. An Option & Lease agreement is an agreement which is drawn up between a developer and a landowner. It conveys specific rights to the developer to pursue a business plan under specified terms and conditions. The agreement can be viewed as being in two parts, but both parts having been negotiated and terms and conditions agreed together. The option will run for a specified period within which the business potential can be explored. At the end of the option period the agreement terminates, or, if the business plan can be realised and developed, the terms of the lease are put into place by the issue of the agreed notice.
