Special Conditions Off The Plan

​Special Conditions for Off The Plan Property Sales  to be used when the vendor does not yet own the land on which the development is to be built

Memorandum of Common Provisions

Regular use is made of a Memorandum of Common Provisions (MCP) to include provisions in Instruments and plans e.g. covenants in mortgages, restrictive covenants and easements in transfers and covenants in leases. Memorandum of common provisions being the standard mortgage terms & conditions drafted by Kalde & Associates and lodged with NSW Land Registry Services for incorporation by reference. We have also included an unbranded version (without the author’s logo), and a Word version so that you can include your own branding if you wish.

Option Put and Call

Key Differences Between Call and Put Option
The right in the hands of the buyer to sell the underlying security by a particular date for the strike price, but he is not obligated to do so, is known as Put option. A call option allows buying option, whereas Put option allows selling option

Off The Plan Property Sales Agreement

Off the Plan Property Sales occurs when a property developer sells apartments in a multi-storey building that has not yet been built yet.  Sometimes the term ‘off the plan’ refers to subdivisions of vacant land. The same principles apply to both.Whether strata plan or subdivision of vacant land, the Contract for Sale is based on the standard Contract for Sale of Land 2005 edition published under copyright by the Law Society of NSW and The Real Estate Institute of New South Wales, substantially altered with complex special conditions. The special conditions modify the Contract to make it an ‘off the plan’ contract.

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