Found 76 relevant pages. The strongest matches explain what “planning permit clause” means, where the buyer risk sits, and how the clause plays out in real contracts.

Frequent Risk Signals

• Approval Delays: If your purchase is conditional on securing a Planning Permit, unexpected delays in council approval can extend settlement by months, incurring significant holding costs, potential penalty interest, or even risking the entire Victoria property contract if deadlines are missed.
• Permit Refusal: The local council in Victoria might outright reject your Planning Permit application, preventing your intended development (e.g., building a second dwelling or commercial use), making the property unsuitable for your plans and potentially trapping your deposit or forcing a resale at a loss.
• Onerous Conditions: Even if a Planning Permit is granted, it may come with restrictive or costly conditions (e.g., specific building materials, reduced height limits, environmental offsets, contributions to infrastructure) that drastically increase your project budget, potentially by tens of thousands of dollars, or make your development unviable.
• Existing Breaches: If the previous owner made alterations or used the property without a necessary Planning Permit, you, as the new owner, could inherit the legal obligation to rectify the breach. This exposes you to council enforcement actions, significant fines (potentially over $10,000), or even orders to demolish unapproved structures, a critical buyer's risk often not fully disclosed in the Section 32 / REIV.
• Impact on Finance: Lenders might be hesitant to provide or release funds for a property intended for development if the essential Planning Permit is not yet secured or if it carries substantial conditions, potentially jeopardising your ability to settle on the Victoria property contract.
• Missed Development Potential: Failure to secure the desired Planning Permit means you cannot execute your intended development, leading to lost development profits and potentially forcing you to sell a property that no longer meets your investment objectives.