Put & Call Options

5
Jun

Developer must pay: option marketer wins $5.5mil for pushing units

An agency appointed for the exclusive marketing of a suburban high-rise into its predominantly Chinese clientele has received an average 14% commission on the sales. The May 2012 terms allowed the developer to compel Property Investors Alliance to buy all 16 one-bedroom units within 30 days of registration of the community title plan at a total base price of $7.2

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22
Mar

Hairdresser loses home over rent-to-buy tenancy deal

Gold Coast hair salon owner Michelle Glynn has been forced to sell her Varsity Lakes home following

19
Oct

“Side Deed” sub-sale option cold comfort to development site buyer

Seller Celal Tekin had progressively acquired the four parcels over the prior two decades

14
Apr

Developer guarantees $100k gain on buy back after 4 yrs, refuses buy back

A developer who guaranteed his investor a $100k gain by buying back the Goodna house & land stock four years after its sale is appealing a court ruling

22
Jan

Grantor defaults $250k option fee: “Exercise invalid by delivery of one contract not two”

The $250k call option fee paid by a would-be buyer in March 2015 to secure the $2.5 million residence was intended to form the deposit 

11
Aug

Marketing squabble exposes builder to house & land heat

A falling out between a financial planning group and a home builder has exposed

10
Feb

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

8
Oct

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

13
May

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

31
Mar

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

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