Firstly to Scot No Mates,

Thank you for your reply, That's what i thought, that the cost of the option would be what you pay any duty etc on, and if you don't exercise it lapses and the vendor would keep the option consideration.

I have tried to contact Legalworks down here, but they have moved and they can't be found. I have also contacted and been in to see Lewis O'Brien whom a lot of people use for doing lease options etc, but didn't get anywhere with him, as I wanted to market call options a little different, but am now talking to one solicitor that seems to know his stuff, problem seems to be sice I moved here from Sydney, it seems that most Solicitors are pretty stuck in their ways and not prepared to look outside the square.

To Paul Dobson.
Thank you for your reply, it sounds like the option agreement you have is a definite fit for what I am looking at doing, but again, Victorial Real Estate rules are somewhat different to NSW etc, but certainly contracts can be done to conform to the different rules, once I clarify the stamp duty rules and have the correct contract, everything else will fall into place, as normal conveyancing between buyer and seller will take over once i have marketed the property using a few different methods and found a buyer.  Would you mind if I called you re your knowledge and contracts?

Always grateful for  further help or advice.

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