All Topics / The Treasure Chest / Options and DA approval

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  • Profile photo of DanTheManDanTheMan
    Member
    @dantheman
    Join Date: 2003
    Post Count: 100
    August 21, 2003 - 4:50 pm

    Does anyone know…
    If I put an option on a place, can I then get DA approval from council for work to be done on it, or do I have to own the property to even apply?

    Dan.

    If you want an extraordinary life you have to be prepared to do things that ordinary people aren’t prepared to do.

    Profile photo of dennisdennis
    Member
    @dennis
    Join Date: 2003
    Post Count: 22
    August 21, 2003 - 9:11 pm

    Dan, You will need a letter of permission to lodge from the registered proprietor.

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    August 22, 2003 - 1:14 am

    Dan, it can be done

    but it is hard to get someone to sell you an option without offering a high price. I know of someone that purchased a house for about $380,000 a year ago. then a developer came along and offered $1mil in a few years if they gave him an option and allowed DA application etc. They took the offer!

    Terryw
    [email protected]

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

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