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What Is A Section 173 Agreement Victoria

Opublikowano: niedziela, gru 20, 2020

When considering buying land, it is important to check if 173 agreements are registered on the title. This way you can see what the restrictions are before you buy. In Victoria, the restrictions on real estate are described in detail under an agreement known as Section 173. Let`s take a closer look at how these agreements work and how they might affect you. If you are working from the Council`s submission agreement, it is helpful for your lawyer to also verify this, as each ownership issue will be different. More than 3,000 properties in the Shire of Nillumbik have a Section 173 agreement listed on the title. It is therefore important for landowners (and their representatives) to know whether or not a Section 173 agreement affects their property and, if so, understand their obligations under the agreement. Independent legal advice may be required to gain a full understanding of the Section 173 agreement. It can be difficult if there are a lot of people who are part of the agreement. This can happen when the country has been divided. Everyone must either accept the amendment or a landowner can ask VCAT for the proposed amendment to be evaluated. If it is VCAT, the Council must support the amendment. If the Commission does not support it, it cannot be heard by the VCAT.

The amendment must also be tendered. If VCAT accepts the amendment, the agreement may end. As with other agreements, a Section 173 agreement is a legal contract. However, the advantage of a Section 173 agreement is that it can be listed on the land, so that the owner`s obligations under the contract bind the future owners and occupants of the land. A Section 173 agreement can also be applied in the same way as an authorization condition or planning scheme. It is also important to note that a Section 173 agreement on the title of the land concerned can be registered. This means that it is not only the landowners and current occupants who are bound by the agreement, but also the future landowners and occupants. For example, an agreement may prohibit the development of a given land for residential purposes, now and for a specified period of time. This agreement provides for permanent restrictions or permanent requirements for the use or development of the land. Some councils have their own in-house lawyer who can prepare the agreement for you for a fee. For example, Frankston City Council offers this service. Alternatively, you can use a lawyer you choose to develop the agreement.

It`s a service we offer. An agreement can be prepared by lawyers acting on behalf of you or your city council.

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