Section 173 Agreement Cost

Depending on the complexity of the agreement, the amendment/end proposal is dealt with by Council officials and may be referred, if necessary, to Council lawyers. Finally, keep in mind that if you do not respect the terms of an agreement, you may be liable to a hefty fine and possibly a prosecution in the magistrate`s court. The Council may also apply for an enforcement order to prevent you from violating the terms of the agreement. The metropolitan planning tax was introduced by the Victorian government on July 1, 2015. This fee applies to planning authorization applications with an estimated development cost of more than USD 1,076,000 If you wish to amend a Section 173 agreement, all parties must approve the amendments, as this is a binding contract. Therefore, if you are not satisfied with the existing terms of an agreement, you must apply to the Council. The precise procedure for dealing with proposed changes to an agreement varies from council to council, in order to contact your local council for more information. If you are working from the Council`s submission agreement, it is helpful for your lawyer to also verify this, as each ownership issue will be different. If they don`t provide a template, a lawyer can help you do it right the first time, reducing costs and stress in the process. Once you have completed, a Section 173 agreement is entered on the title of the land and a legally enforceable document. It is therefore important that the section 173 agreements be carefully developed and implemented.

In order to facilitate and standardize the preparation and form of the agreement, a model was presented below. 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. Once the Council has signed the agreement under Section 173 and returned it to you, you must submit the agreement to the Land Use Victoria. It is also important to note that a Section 173 agreement on country ownership can be registered. This means that it is not only the landowners and current occupants who are bound by the agreement, but also the future landowners and occupants. For example, an agreement may prohibit the development of a given land for residential purposes, now and for a specified period of time. Planning permissions (including archiving fees).

NB no fee for 2011 authorizations that are available electronically. The onus is on the applicant to ensure that the agreement is registered on time with Victoria Country. You can only have 1 section 173 in an agreement, but if you need a restriction, it can be listed in the title. VicSmart Changes (based on additional costs of the work) If we need to consult with our lawyers, you are responsible for covering these fees in addition to the registration fee. We will provide you with a cost-cost before conducting an audit. In accordance with Section 178E of the Act, the competent authority may decide to amend or terminate the agreement in accordance with the proposal; amend or terminate the agreement, which is not very different from the proposal; or refuse to amend or terminate the agreement.