her­itage list­ing

The Advertiser - Real Estate - - Real Estate - with Michael Brock

ACROSS the state, there are nearly 1500 Her­itage Agree­ments in place on prop­er­ties, cov­er­ing more than 620,000ha of land.

A Her­itage Agree­ment is a le­gal con­tract be­tween a land­holder and the state to man­age an area of pri­vate land in such a way as to pro­tect its high con­ser­va­tion value.

The agree­ment is reg­is­tered on the prop­erty ti­tle and may cover part or all of a prop­erty. It is bind­ing on all fu­ture own­ers of that prop­erty and is de­signed to be in place in per­pe­tu­ity.

Al­ter­ations to a Her­itage Agree­ment are un­com­mon and can be made only with the writ­ten au­tho­ri­sa­tion of both par­ties.

It is rec­om­mended agents un­der­take the nec­es­sary searches and ob­tain the ap­pro­pri­ate doc­u­ments re­lat­ing to the Her­itage Agree­ment early in the sale process, so they can pro­vide ac­cu­rate in­for­ma­tion to po­ten­tial buy­ers.

This in­for­ma­tion is im­por­tant be­cause t here are spe­cific terms and con­di­tions that ap­ply to Her­itage Agree­ment prop­er­ties of which prac­ti­tion­ers and fu­ture buy­ers should be aware.

The Depart­ment for En­vi­ron­ment and Her­itage has cre­ated an i nf or­ma­tion s heet t hat out­lines the terms and con­di­tions re­lat­ing to a Her­itage Agree­ment prop­erty.

The sheet can be down­loaded from the A-Z sec­tion of the REISA web­site at www.reisa.com.au

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