Top Lawyers Call For Changes to Apartment Sunset 'Claw Backs' | Owners Corporation Network

Top Lawyers Call For Changes to Apartment Sunset 'Claw Backs'

Top strata lawyers have called for NSW property protections to be brought into line with other Australian states after it was discovered that the owners of seven apartments in a single new block sold off the plan had been victims of “sunset clawbacks”. The buyers were all told by the developer that their apartments in a boutique Surry Hills building – on which they’d put down deposits two to three years ago – were no longer available because the development was being completed more than a year late. In such circumstances it is perfectly legal for either party, the purchaser or the developer, to trigger the sunset clause and rescind contracts.
Media Publication: 
Media Author: