Collective Sales
At Hones Lawyers, we act for groups of property owners involved in collective sales across New South Wales.
SUCCESS RATE
95%
CASES WON OR MATTERS SETTLED
1000+
CLIENTS
4000+
At Hones Lawyers, we act for groups of property owners involved in collective sales across New South Wales.
Whether you are part of a strata scheme considering redevelopment, or a group of neighbours looking to jointly sell to a developer, we can guide you through this often complex process. Collective sales generally involve multiple owners, shared interests, and significant legal obligations. With the right legal team, it doesn’t have to be difficult.
Our team can assist you with:
Drafting and negotiating a Heads of Agreement or Sale Option with a prospective developer or buyer
Coordinating execution of documents between owners
Reviewing and advising on the Strata Schemes Development Act 2015 and its implications
Advising on dispute resolution processes where unanimous agreement cannot be reached
Liaising with strata managers, planners, and agents to ensure the transaction progresses smoothly
Handling the final conveyancing of each individual lot, including settlement
We work closely with strata communities, developers, and planning professionals to ensure that your collective sale is handled with care, transparency, and efficiency and at Hones Lawyers you have the benefit of a number of lawyers within our firm who have extensive experience in property, planning, and development law, ensuring that all legal aspects of the transaction are properly addressed from the outset.
Considering a collective sale?
Contact us today to discuss your options. Our experienced team will provide honest advice and strategic guidance every step of the way.
Collective Sales of Properties
Frequently Asked Questions
What is a collective sale in NSW?
A collective sale is when multiple property owners, usually in a strata scheme, agree to sell their properties to a developer or buyer. This allows owners to sell their properties together for redevelopment or sale.
Who can initiate a collective sale?
A collective sale can be started by the owners themselves or a developer who approaches the owners with an offer.
How does the collective sale process work?
The process usually starts with an offer from the owners or a developer. A Strata Renewal Committee may be formed to manage the sale, and lot owners will vote on the offer. If 75% of owners by value agree, an application is made to the Land & Environment Court for approval.
What factors influence the sale price?
The sale price is usually based on market value and negotiated terms between the owners and the developer. Professional advice ensures owners understand their options and get a fair price.
What if owners can’t reach an agreement?
If owners can’t get the required approval for a collective sale, the process can stall. Disagreements can be around sale terms, price, or timing.
Hones Lawyers can provide legal guidance, facilitate discussions, and advise on options to help move the process forward where possible. Contact Hones Lawyers today to discuss how we can assist.
What happens after the Land & Environment Court approves the sale?
Once approved, the sale goes to contract and settlement. The proceeds are distributed to the owners according to their lot entitlements in the strata scheme, and redevelopment or transfer of ownership can begin.
How long does a collective sale take?
The process can take several months to over a year, depending on consultation, negotiation, and court approval.
Call Hones Lawyers on 02 8318 0788 to get expert advice on managing your collective sale efficiently.
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