Need to know Pre-empting financier requirements in presale contracts

Need to know
Pre-empting financier requirements in presale contracts

For anyone who will require finance for a property development, ensuring that your off-the-plan presale contracts are in a form acceptable to financiers can mean the difference between a successful development and financial ruin. Too often we see developers either unable to raise finance or needing to incur significant additional cost and delay due to presale contracts failing to meet the requirements of financiers. Here are 5 absolutes that all developers should take note of: Sunset Date A financier will typically require all presale contracts to have a sunset date well after the…Read more
Landlord v Administrator  A Bare Knuckle Brawl

Landlord v Administrator
A Bare Knuckle Brawl

Perceptive readers may have sensed my antipathy towards the retail lease legislation. In order to show that I am not just a one trick pony, this article will give the legislation a rest. Instead we will touch on one of my other interests: the interaction of lease and insolvency law when a tenant goes belly up. (I know, I know: I have to get out more). For a lawyer, there is nothing more elemental than a bare knuckle fight between an administrator and a landlord over rights to a failed tenant’s fitout. What…Read more