Property Development

As the name suggests, property development involves improving land to generate a profit. This can vary from a small subdivision to large-scale residential or retail high-rise buildings. It involves the navigation of a myriad of rules, practices, standards and regulations to maintain compliance, eliminate risk and personal liability and increase profit potential.

What is property development?

Property development is an area of investment that involves purchasing and developing either commercial or residential real estate. The overarching goal is to increase its value. In Australia, property developers must comply with a wide range of laws and regulations which govern the industry.

Why choose us?

With countless rules and regulations, property development is a complex endeavour. So, leave your investment in the hands of professionals. Our highly skilled property development lawyers will walk you through every step of the process. We will ensure you are aware of your rights and obligations as a developer. You will benefit from protection from any potential legal or financial issues. And, we know how busy property developers are. That’s why we save you time and money.

How we can help you

Our lawyer in property development will assist you in every aspect of the development process, including:

Due diligence – Before you purchase a property, we undertake the due diligence process. It is the most effective way to ensure you are not impacted by covenants, easements or restrictions. This makes the purchasing process as stress-free as possible.

Planning authorities & environmental considerations – Having a property development approved requires obtaining the correct planning permits. This protracted process involves liaising with local authorities. Our team will explain the planning permit terms, to ensure compliance and prevent any loss or delays. We help you

Off-the-plan contracts – Off-the-plan purchase contracts must be drafted to ensure the property development is delivered on time and on budget and addresses all contingencies and unforeseen events. Sunset and completion dates, along with termination clauses should be carefully considered to secure developer protection, disclosure requirements and associated regulations.

Financing – The majority of large-scale developments require funding. This usually necessitates the granting of a mortgage or similar security to your lender. A mortgage has serious financial implications, as it creates a statutory charge over the property on the lender’s behalf.

For cost-effective legal advice on property development, contact the Accuro Maxwell team today.