- A Call Option gives the prospective buyer the right to buy the property from the seller.
CONVEYANCING AND PROPERTY LAW
Whether you are the buyer or seller, Assure Lawyers can help you throughout the process, including pre-contractual advice, structuring advice, negotiating the terms and conditions of the sale, preparing and/or reviewing the contract of sale and acting for you through to settlement.
Our conveyancing team attends to matters for buyers, sellers and property entrepreneurs. These include the sale of land, houses, apartments, off-the-plan purchases and house-and-land packages.
Our team can assist you with all aspects relating to your lease, including negotiating the lease terms and drafting and/or reviewing the lease agreement. We also assist and advise on lease renewals, assignments and/or transfers.
Both parties should seek legal advice on the transaction and implement the appropriate protections to mitigate their risk. Assure Lawyers advises on joint ventures and attends to drafting, negotiating and/or reviewing joint venture agreements.
- A Put Option gives the seller the right to sell the property to the buyer
- A Put and Call Option, as the name suggests, is a combination of the above.
It gives the prospective buyer the right to buy the property from the seller,
and the seller the right to sell the property to the buyer.
The Call Option is a method used by developers to secure their right to buy property for proposed developments. It provides an opportunity for planning, assessments, arranging finance and conducting due diligence.
Assure Lawyers advises on option agreements and attends to drafting, negotiating and/or reviewing option agreements, including the nomination and assignment of options.
Loans agreements and legal advice
Some important terms to consider in relation to a loan agreement include the following:
- Purpose of the loan
- Loan amount and loan term
- Early repayment and extension of loan term
- Interest and repayment date
- Security and personal guarantees
- Priority of lenders
If borrowing from banks or other institutional lenders, it is commonly required or recommended that a guarantor or borrower must obtain independent legal advice in relation to the loan, guarantee, mortgage and other security documents.
We review loan documents, advise on the legal implications and provide a solicitor’s certificate (if required).
Please note that we do not provide financial advice or negotiate with lenders.