This Firm’s work included advising on the most efficient structure to undertake the development, advising on and assisting the developer with discharging all regulatory obligations, securing execution of a Development Agreement, assisting with planning submissions, advising on traditional and non-traditional financing options, drafting Architectural and Construction Contracts, drafting standard Sale and Purchase Contracts and documentation, answering questions and negotiating sale and purchase agreements with prospective buyers or their counsel, acting as Trustee and Stakeholder for deposits prior to commencement of construction, securing the registration of the strata plan, arranging with the lender for the discharging of its security, effecting the transfer of title from the developer to buyers, advising on and establishing a management structure, drafting and advising on employment contracts, advising on and handing over the management of the development to owners through a owner-controlled strata corporation, and advising the strata corporation on the ongoing management of the development.
Financing the Development
We provided advice on financing options and assisted in securing and structuring financing, including traditional bank borrowing and equity financing.
We advised on business licensing obligations, work permits, national insurance, health and safety, and physical planning obligations.
The Development Agreement
We undertake negotiations with Government regarding the reduction of import duties.
Sale & Purchase Agreement
We advised on provisions providing for the forfeiture of deposits on default, provisions prohibiting the assignment of a purchase agreement during the developer’s sell-out period, drafting and advising on suitable bylaws providing for a residential resort, advising on clauses prohibiting pets, the right of an owner to rent his property short term, advising on the level and timing of interim payment obligations, advising on drop dead dates for the commencement of construction and the completion of the development, and advising on clauses providing for the conditionality of Sale & Purchase Agreement until the grant of planning permission.