Property Options: Tips for Drafting Water-Tight Agreements (NSW)

Inclusion of option agreements in real property transactions can be advantageous to both purchasers and developers, however it is essential that that they are carefully drafted to ensure they operates as intended, and take into account the stamp duty and tax implications. In this program, Dr Allison Stanfield, from Lantern Legal in Sydney, provides a guide through the relevant issues that need to be taken into account in drafting option deeds including: the types of options; key elements of the agreements; the option period; cooling off periods; option fees and deposits; assignments, novations and nominations; caveats; exercising the option; and stamp duty and tax implications.

24 minutes / 0.4 CPD units