Although a common feature of many property transactions, the uses and potential pitfalls of nomination, assignment and novation are not always well understood.
This session will consider the similarities and differences between each option and how they may affect common property agreements.
- Learn about the different consequences of nominating, assigning or novating common property contracts, how third parties may be affected and the impact of the Contract and Commercial Law Act 2017.
- Better understand the practical issues of using nomination, assignment and novation with reference to the ADLS Agreement for Sale and Purchase of Real Estate, including OIO, AML and GST considerations, as well as the assignment of LIMs and other Due Diligence information.
- Gain insights into the assignment and sub-leasing provisions of the ADLS Agreement to Lease and Deed of Lease, including the requirement of landlord consent, potential requirements of bank and personal guarantees and the possibility of novating (surrendering and re-entering) a lease rather than assigning.
Who should attend?
Property lawyers and legal executives. Commercial lawyers may also find the webinar beneficial.
Robert is a specialist commercial property lawyer. He has expertise in complex greenfield and unit title subdivisions, the sale and purchase of commercial and rural land and commercial and retail leasing.
Robert acts for a number of large infrastructure and tourism related clients and assists them with all aspects of their property portfolios. Robert also provides specialist Overseas Investment Act 2005 advice and frequently assists other practitioners in this area of law.