It's not often that a new vendor finance technique crops up but it has and here is some information about it.
The new technique is called the Deposit Builder.
In short, it's made up of a standard Contract of Sale for the State the property is in, along with:
- in NSW, VIC and WA a Licence To Occupy.
- in QLD, TAS and ACT a standard Residential Tenancy Agreement (Lease).
Vendor finance specialist lawyer, Mr Tony Cordato, has been the driver behind this new technique and Tony has been kind enough to produce a two page information sheet on the Deposit Builder. To download it, CLICK HERE.
I have no doubt it will cause some 'discussion' ;-)
Cheers, Paul
The new technique is called the Deposit Builder.
In short, it's made up of a standard Contract of Sale for the State the property is in, along with:
- in NSW, VIC and WA a Licence To Occupy.
- in QLD, TAS and ACT a standard Residential Tenancy Agreement (Lease).
Vendor finance specialist lawyer, Mr Tony Cordato, has been the driver behind this new technique and Tony has been kind enough to produce a two page information sheet on the Deposit Builder. To download it, CLICK HERE.
I have no doubt it will cause some 'discussion' ;-)
Cheers, Paul