Penny pinching on legals a poor choice for spendthrift sellers

Terence Street was rapidly reaching the limit of his $450k bank line of credit when he floated his Hope Island home as a development prospect (more…)

Seller recoups $2.1 million PAMDA loss on appeal

In May 2008 Kym Boylan sold her $5.5 million Nerang riverfront residence via Put & Call Option and last month finally recovered the $2.1 million (more…)

PAMDA non-compliance: buyer recovers $250,000: two lots = one residential “parcel”

Before last week I felt just a little – in relation to the already considerable volume of law on PAMDA’s application to options (more…)

Assimilation or devolution? When PAMDA does NOT apply to Put & Call options

The last word on the application of PAMDA to put and call options was spoken by the Court of Appeal in September 2010: “Yes” – PAMDA does apply and (more…)

Reversal of fortune: Put & call options now liable to PAMDA termination

The Court of Appeal this week reversed an earlier immunity granted to developers’ put and call options with regard to termination for non-compliance with PAMDA -  just in time to allow property marketers to escape contracts prior to the Thursday 30 September (more…)

Residential Put & Call Options – does PAMDA apply?

A put and call option is sometimes treated in law in the same way as a sale contract and if it relates to residential property, the PAMDA processes – warning statement and presentation (more…)

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