Our lawyers specialize in land development and represent numerous developers and buyers in Brisbane and the Gold Coast.
Many clients ask us what an off-the-plan contract is and what they should be aware of.
Legal Insight: What is an “Off the Plan” Contract?
“Off the Plan” means that when the buyer enters the contract:
- Construction has not started or is still in progress.
- The lot or property has not been registered with the land registry.
This is common in apartment development projects but is also frequently seen in new flat land developments or land subdivisions. While buying off the plan offers advantages, it also comes with risks. If you have any questions, please contact Mr. Kwok.
