Why Off-the-Plan Contracts Have an 18-Month Settlement Deadline
The Land Sale Act requires proposed lot sales to settle within 18 months of the contract date. Importantly, this statutory deadline cannot be extended by agreement.
Why Developers Use Put and Call Options When Partnering with Builders
A put and call option allows developers to secure a sale to a builder while giving the builder the flexibility to nominate the eventual homebuyer as the transferee, without the builder needing to settle on the land first.
SUBDIVISIONS, EASEMENTS & COVENANTS: AN OVERVIEW
A subdivision is formally created only when a new survey plan is registered with Titles Queensland. Until this occurs, the “new” lots do not legally exist.
Critical Clauses in Off the Plan Contracts
Five critical clauses property developers should include in off the plan contracts to protect their development and off the plan contracts.
Legal Strategy for Developers: Managing Sunset Clauses in Queensland OTP Projects
Sunset clauses set the final deadline for completion and title registration in off-the-plan contracts. While they provide certainty, misuse can create significant legal and reputational risk in a rising and tightly regulated market.