Making and Breaking the Property Contract (NSW) – a live lunchtime online conference

Online Conferences,Property Law,Making and Breaking the Property Contract (NSW) – a live lunchtime online conference
Tuesday 27th July 2021


NSW: 12 noon to 2.45pm

REGISTER NOW!
6 WEEKS
UNTIL THE EVENT
.   .
 ABOUT THE ONLINE CONFERENCE

Hear from the experts at this online lunchtime conference. You can watch it on your computer or on your portable electronic device from anywhere.

The conference will be based on our highly successful video webinar technology: there'll be a chairperson, presentations and you'll have an opportunity to ask questions via online chat.

One registration can be shared by colleagues within the same firm utilising the same login.

 THE PROGRAM

Session 1: Mind the Gap: Looking Beyond the Disclosure Obligations in Residential Property Purchases

Despite recently tightened regulations concerning disclosure to purchasers in off the plan sales, there remain gaps where disclosure is not mandated, resulting in purchaser ignorance of potentially significant matters. This session will examine what some of these gaps are and provide advice to practitioners about protecting at-risk purchasers, including:

  • The doctrine of caveat emptor balanced with statutory obligations of disclosure – does it provide sufficient protection to a purchaser?
  • What further investigations should a purchaser make and when? A discussion of:
  • Land contamination: Curtain v Kirk [2019] QSC 317
  • Pest and building condition reports
  • Building certificates and approvals
  • Planning restrictions and road proposals
  • Boundaries and land dimensions
  • Defects and cladding issues
  • How far do statutory warranties fill in the gaps?
  • When can failure to make non-mandated searches be professional negligence?
  • Tips for minimising your client’s risk – additional searches and title insurance

Session 2: Property Options: Tips for Drafting Water-Tight Agreements

Options agreements can provide advantages to both vendors and investor/developers in uncertain times, subject to precise drafting and understanding by both parties. This session provides a deep dive into what an option agreement should contain, and what advice you need to give your client to minimise risks down-track, including:

  • The pro’s and con’s of option agreements for vendor and purchasers
  • Types of options considered and when they are applicable:
  • Call
  • Put
  • Put and Call
  • Which option arrangement is right for your client?
  • Key elements of an option agreement
  • Calculating the option fee and purchase price
  • Factors to take into account in specifying the option period
  • Should the purchaser lodge a caveat?
  • How to determine option exercise dates
  • Assignment and other essential clauses
  • Stamp duty liability and tax implications of entering into an option agreement
  • Tips for options agreement terms in a volatile property market

Session 3: Contract Termination in a Volatile Market

Uncertain economic times have led to volatile market conditions and a consequential rise in purchasers seeking to terminate their contracts. This session examines a number of scenarios and practical steps to minimise risk and manage the fallout when a purchaser seeks to terminate the contract, including:

  • Setting the scene – repudiation and rescission explained
  • Rights of rescission under the Standard Contract for the Sale and Purchase of Land
  • Common law rights – the Flight v Booth principle: Smogurzewski v AIT Investment Group Pty Ltd [2020] NSWSC 490; Victorsen v Easy Living Holdings Pty Ltd [2019] NSWSC 1721
  • Rights of rescission for a change to a “material particular” in off the plan contracts – when does it apply?
  • Application of the Australian Consumer Law – can the misleading and deceptive conduct provisions support a rescission claim?
  • Breach of prescribed statutory warranties in the Conveyancing (Sale of Land) Act
  • The doctrine of frustration – is it an option?
  • Rescission or damages? Factors to weigh up in making an election
  • Drafting tips for special conditions and other strategies to enable and protect purchasers.
 THE FACULTY

Alicia Albury, Partner, Maddocks, Sydney (Chair)

Bronwyn Scott, Special Counsel, Hall & Wilcox Lawyers, Sydney

Dr Allison Stanfield, Solicitor Director, Lantern Legal, Sydney

Gary Newton, Partner, HWL Ebsworth Lawyers, Sydney

  -
 FEEDBACK FROM PREVIOUS ONLINE CONFERENCES
  • It was just like being at a well run conference but in many ways better. 
  • This option is of great assistance to country practitioners.
  • The live online conference format worked well and made the speakers more engaging than a recording.
  • Our team used the boardroom.  We could talk and discuss the presentation without feeling we were imposing on others and you could submit a question, which we did.  All from the comfort of our own office.
  • The conference was well organised and the email links very useful.
CPD CERTIFICATE

Delegates registered to attend the LIVE event will receive a CPD certificate for attendance.  Lawyers can claim up to 2.5 CPD units/points (substantive law).

EARLY BIRD REGISTRATION

If you register and pay by 16 July 2021 you will pay only $495 – a saving of $55 off the full price conference registration fee of $550.

 ENQUIRIES/ASSISTANCE
If you need assistance or have an enquiry, please do not hesitate to contact our Event Coordinator, Hayley Williams–Cameron on (03) 8601 7730 or email: [email protected]



© Television Education Network Pty Ltd 2021

Product Code: ONPJUL21
 Price:   $495.00 (Inclusive of GST)