S 173 Agreements

However, the advantage of a section 173 agreement is that it can be registered on the ownership of the land, so that the owner`s obligations under the agreement are binding on the future owners and users of the land. An agreement under Article 173 may also be applied in the same way as a condition of authorisation or a planning plan. These agreements are named after section 173 of the Planning and Environment Act 1987. § 173 Agreements are generally concluded between a municipal council and the owner of a piece of land. Therefore, if you wish to develop real estate in Box Hill, you may be asked to enter into an agreement with the City of Whitehorse under Section 173. If you want to divide the land into Portsea, the deal with the Mornington Peninsula Shire. Section 173 agreements may seem complicated, but they can give you some security about what you can do with your belongings. To make sure they don`t hinder your development, it`s important to get some good advice before typing one...