Section 173 Agreement Mornington Peninsula
Section 173 Agreement Mornington Peninsula: What You Need to Know
If you`re a property owner or buyer on the Mornington Peninsula, you may have come across the term “Section 173 Agreement”. But what exactly is it, and why is it important to understand?
A Section 173 Agreement is a legal agreement between a property owner and a council that aims to protect the land`s natural and cultural features. It is also known as a Planning Agreement, and it is a common requirement for properties in the Mornington Peninsula.
The agreement outlines the conditions and restrictions that property owners must adhere to when using or developing their land. This includes guidelines on infrastructure, landscaping, building designs, and environmental preservation.
The primary objective of a Section 173 Agreement is to ensure that the land is developed and used in a sustainable and responsible manner. It aims to protect the natural and cultural heritage of the area while maintaining a balance between conservation and development.
If you`re looking to purchase a property on the Mornington Peninsula, it`s essential to check whether it has a Section 173 Agreement in place. Having this agreement ensures that you are aware of any restrictions or conditions that may affect your property`s development or use.
On the other hand, if you`re a property owner, you may need to enter into a Section 173 Agreement with the council. This is typically required when the property is located in an area that has significant environmental or cultural values.
The process of entering into a Section 173 Agreement involves working with the council to develop a plan that outlines the conditions and restrictions that will be imposed on the property. This includes identifying any sensitive environmental or cultural features that need to be protected and developing a plan to ensure their preservation.
Once the agreement is finalized and signed by both parties, it becomes legally binding. Property owners must adhere to the conditions and restrictions outlined in the agreement, or they risk facing legal action from the council.
In conclusion, a Section 173 Agreement plays a vital role in protecting the natural and cultural heritage of the Mornington Peninsula. Whether you`re a property owner or buyer, it`s crucial to understand the purpose and implications of this agreement. By working with the council and following the guidelines outlined in the agreement, we can all do our part in ensuring the sustainable development of this beautiful area.