Vacant Land/ Contemporaneous Building Contracts/or 'Traditional' House and Land Packages

Building Contracts - There is an emerging trend among Builders to change the traditional House and Land Package process. Increasingly, this is now done as a Land purchase (either from the Builder or the Land Development Agency) with a separate Building Contract between the Builder and the Buyer. The Builder requires the Buyer to enter into both Contracts simultaneously.

Both Contracts are usually lengthy, complex and involve numerous potential traps for the Buyer which may see them liable for additional unbudgeted and unanticipated building costs. However, so long as all the legal issues are properly covered, they can be a very affordable way to enter into the property market.

Unit Plan Purchases -

• KJB Law acts on behalf of Clients purchasing into established Units Plans, ensuring that Clients are aware of the importance of inspecting the Body Corporate Registrar and what to look for on undertaking such an inspection, while we cover the legal side of the Conveyancing transaction.

Small Units Plans -

• If buying into a small units plan (eg what is sometimes [albeit incorrectly] called a dual occupancy), we are also able to provide an explanation of what the Buyer needs to do to run their body corporate, sample minutes for their meetings and a simple units plan register for them to maintain. We do not charge for this separately. To our knowledge, we are the only firm that provide Buyers with this practical assistance when they are purchasing into a small units plan.

Off the Plan Unit Purchases -

• Due to changes in the Unit Titles Act, there are substantial disclosure requirements upon developers when a sale of a unit is being made “off the plan”. These disclosure requirements provide greater certainty for Buyers as to the type of unit development into which they will be purchasing. Unfortunately, it also results in extremely large contracts. KJB Law assists you by cutting through the wealth of material to those matters of which it is important for a Buyer to be aware, as well as advising our clients on those matters in relation to which changes should be sought to provide adequate protection for the Unit Plan Buyer.

Enquiries

Karen Watt (ACT) E:
Narelle Darcy (ACT) E:
Catherine van der Winden (NSW) E:
Helen Taylor (ACT - Off the Plan) E: