Particulars of transaction. This paragraph provides additional detail and figures not fully specified in ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .
Particulars of transaction. 3.1. The Option ■ ■ ■ ■ ■ ■ ■ ■ : € [ 1 , 000 ].
Particulars of transaction. 3.1. The “
Particulars of transaction. 3.1. The Option Price is: € [ 1 , 000 ].
Particulars of transaction. 3.1. The Land is: [the ■ ■ ■ ■ ( ■ ■ ■ ■ ■ ■ ■ ■ ) ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ , ■ ■ ■ ■ ■ ■ ■ ■ , ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ]. OR as described in Schedule 1.
Particulars of transaction. This paragraph provides data. The sale price is fixed. That is a great advantage to the optioner who receives the benefit of inflation. However, the sale price could be inflation adjusted by the insertion of a few words, so as to give the land owner ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .
Particulars of transaction. This paragraph provides data. The sale price is fixed. That is a great advantage to the optioner who receives the benefit of inflation in buying later phases. However, the sale price could be inflation adjusted by the insertion of a few words, so as to give the land owner a payment which reflects the value at the date each phase is bought by the optioner. The agreement This paragraph deals first with the exercise of the option and second, with the contract for sale. It is the contract. The sale is based on the usual commercial property conditions approved by the Law Society. You can buy these from the law society website or from real estate institute for use. For guidance, you will find them at: QLD xxxx://xxxxxxxxxxxxxxxxxxxxxxxx.xxxxxxx.xxx.xx/xxxxxxxxxxxxxxx.xxxx?xxxxx=x0xxx00x-0xx0-00x0-xx0x-xxxx00x0x000 ACT xxxx://xxx.xxxxxxxxxxxx.xxx.xx/xxxxxx_xxxxxxxx.xxx?xxx=00 WA xxxx://xxxxxx.xxxxxxxxx.xxx.xx/Xxxxxxxxx.Xxxxxx.XxxXxxxxxxxx/000/Xxxxx/XxxxxXxxx0000.xxx XXX 0000 edition is valid and can be used by the end of 2015 xxxxx://xxx.xxxxxxxx.xxx.xxx.xx/xxxx.xxx?x=XXX-XXX-00-00-00 For 2014 edition which is available in electron format only: xxxxx://xxxxxxx.xxxxxxxxxx.xxx.xx/XXXX/xxxxx/xxxxxxxxx?_xxx.xxxx-xxxxx=0000xxxx0x_00&_xxxXxxx=00000000000000000 VIC xxx.xxxxxxxx.xxx.xxx.xx/xxxxxxx/xxxxx/xxxxxxxxxx/xxxxxx-xxxxxx/xxxxxx-xxxxxxxx-xx-xxxx-xx-xxxx-xxxxxx.xxx Conditional extended option We provide for two ways in which the option may be extended. The first way simply gives you extra time when you are “nearly there”. If the seller has insisted on a short date for the option to run, this provision effectively gives you a few more weeks. Absolute Extended Option This paragraph provides for a paid extension. Your seller will feel he will be paid fairly for your extension. You could use both provisions and extend on each. Buyer’s activity Beware of the seller’s solicitor inserting provisions relating to an appeal or to a narrower type of development that what you have in mind. You have a free hand if you can avoid reference to a particular scheme. Seller's warranties The extent of seller’s warranties is a matter of negotiation. It is essential that you use this opportunity to tie the seller to any "facts" which you require to be full and accurate. If the Land is let, you may find it necessary to ask for many more warranties. This paragraph covers points you would normally cover in pre-contract enquiries or through your own investigation. By obtaining a warranty fro...
Particulars of transaction. This paragraph provides additional detail and figures not fully specified in ■ ■
Particulars of transaction. This paragraph provides data. The sale price is fixed. That is a great advantage to the optioner who receives the benefit of inflation in buying later phases. However, the sale price could be inflation adjusted by the insertion of a few words, so as to give the land owner a payment which reflects the value at the date each phase is bought by the optioner. Seller's warranties The extent of seller’s warranties is a matter of negotiation. It is essential that you use this opportunity to tie the seller to any "facts" which you require to be full and accurate. If the land is let, you may find it necessary to ask for many more warranties. This paragraph covers points you would normally cover in pre-contract enquiries or through your own investigation. By obtaining a warranty from the seller, you will be able to xxx for breach of contract if information you have obtained turns out to be wrong. Seller’s compliance Here you are telling the seller to stay away. It is a matter of negotiation. If you are unable to register your option at the Land Title Office, this paragraph provides a second best option in that it does give you a cause of action against the seller for breach of contract (ie you can xxx the seller if s/he reneges). The agreement This paragraph deals first with the exercise of the option and second, with the contract for sale. It is the contract. The sale is based on the usual commercial conditions. You can buy these from the law society website or from real estate institute for use. For guidance, you will find them at: QLD xxxx://xxxxxxxxxxxxxxxxxxxxxxxx.xxxxxxx.xxx.xx/xxxxxxxxxxxxxxx.xxxx?xxxxx=x0xxx00x-0xx0-00x0-xx0x-xxxx00x0x000 ACT xxxx://xxx.xxxxxxxxxxxx.xxx.xx/xxxxxx_xxxxxxxx.xxx?xxx=00 WA xxxx://xxxxxx.xxxxxxxxx.xxx.xx/Xxxxxxxxx.Xxxxxx.XxxXxxxxxxxx/000/Xxxxx/XxxxxXxxx0000.xxx XXX 0000 edition is valid and can be used by the end of 2015 xxxxx://xxx.xxxxxxxx.xxx.xxx.xx/xxxx.xxx?x=XXX-XXX-00-00-00 For 2014 edition which is available in electron format only: xxxxx://xxxxxxx.xxxxxxxxxx.xxx.xx/XXXX/xxxxx/xxxxxxxxx?_xxx.xxxx-xxxxx=0000xxxx0x_00&_xxxXxxx=00000000000000000 VIC xxx.xxxxxxxx.xxx.xxx.xx/xxxxxxx/xxxxx/xxxxxxxxxx/xxxxxx-xxxxxx/xxxxxx-xxxxxxxx-xx-xxxx-xx-xxxx-xxxxxx.xxx We offer you alternative deals: a fixed purchase price or a price by reference to an increased value. A fixed price is the best solution because both sides know what the deal will be. You will have less interference from a seller on a fixed price because he knows what he will ...
