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Dic 12th

S 173 Agreements

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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. 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. Section 173 of the agreements is usually concluded between a city council and the landowner. Therefore, if you wish to develop a property in Box Hill, you may be invited to enter into an Agreement under Section 173 with the City of Whitehorse. If you want to divide the land in Portsea, the deal with the Mornington Peninsula Shire would be. 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. Section 173 Agreements may seem complicated, but they can give you some certainty about what you can do with your property. To make sure they don`t hinder your development, it`s important to get good advice before entering one. Under the Planning and Environment Act 1987, a council may limit how a parts separator will use national use in the future.

Some have been found together in these agreements: agreements are usually concluded between the Council and a landowner. However, this is not always the case, as a third party may sometimes be involved. Provey Conveyancing helps many clients review Section 173 agreements, Section 173 contract withdrawals and other contract review work. These agreements are named under Section 173 of the Planning and Environment Act of 1987. Dear Guest, Thanks for your informative article re: Section 173 Accords. I have a question you may not know. I`m in the process of buying a student apartment (one bedroom) in Hawthorn, which has an S173 in place. My wife is a real estate manager, and we thought we could do it ourselves as long as we only rented it to students. Existing property managers (Student Housing Australia) say we can`t do that because we don`t have a student management plan with the council and we should actually use it. Do you know if it`s good or are you trying to scare us, to use them? You may need to meet certain requirements and limitations of buildings that must retain the style or character of the area.

3. A competent authority may enter into an agreement under subsection 1 or 1A with a person who considers that person to own the land.

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