The Ultimate Guide to Property Joint Ventures vCourse

Overview

Hosted by The Urban Developer in partnership with McCullough Robertson, this 1.5-hour virtual course is your essential guide to structuring and managing property joint ventures (JVs). Whether you're a developer, landowner, or investor, this session will provide you with the tools to confidently navigate the complexities of JV agreements in property development.

Learn the key components of JV agreements—ranging from roles and responsibilities to profit-sharing and construction funding—while exploring different types of JVs, including landowner-developer, investor-developer, and more. Clarify the legal and practical aspects, from appointing consultants to managing decision-making processes and resolving disputes.

With real-life case studies and insights from legal experts, you’ll gain a deeper understanding of how successful joint ventures are structured and executed. The course will conclude with an open Q&A session, giving you the chance to have your specific questions answered by leading professionals.

Course Outline

PART ONE

Introduction to Joint Venture Agreements

• Overview: Purpose and importance of JV agreements in property development.
  Types of JVs:
  Landowner & Developer
  Two Developers
  Investor & Developer
  Builder & Developer
• Why Every Project Needs a JV Agreement: - Clarifying roles, responsibilities, and dispute mechanisms. - Addressing common misconceptions about JVs (e.g., not just for large projects).

PART TWO

Key Components of a Joint Venture Agreement

• Roles and Obligations: Developer’s and other parties' respective responsibilities.
• Profit Sharing & Development Fees: Methods of distributing profits and tax considerations.
• Construction Funding & Guarantees: Securing funding and responsibilities for loan repayments.

PART THREE

Managing the Development: Key Clauses

• Appointment of Consultants: Selecting and managing consultants.
• Naming & Branding Rights: Allocation of intellectual property and signage rights.
• Project Control Group (PCG) & Decision Making: Structuring decision-making processes and resolving disputes.

PART FOUR

Practical Considerations and FAQs

• FAQs: Legal validity across different states, and costs and time considerations.
• Common Pitfalls: Highlighting potential challenges such as unclear dispute resolution processes.

PART FIVE

Case Studies & Open Q&A

• Real-Life Examples: A walkthrough of two real-world JVs, with focus on their legal frameworks and outcomes.
• Q&A Session: Open discussion to clarify specific questions from attendees.

Speakers

Kristan is a real estate lawyer with a corporate background, advising on structuring, development, leasing, acquisition, and disposal of all asset classes. 

She leads multidisciplinary teams at McCullough Robertson, ensuring seamless project management from start to finish, addressing planning, environmental, and tax issues early on. 

Kristan is valued for her strong leadership and clear direction on major property matters. Her clients include large listed institutions, developers, investment banks, affordable housing providers, resource companies, governments, and national landlords and tenants.

Melinda is a Partner in McCullough Robertson’s highly regarded taxation team.  With over 10 years’ experience as a specialist tax and duty lawyer, Melinda practises across all areas of direct and indirect tax, with a particular focus on providing corporate taxation and transaction structuring advice.  

Melinda acts for a range of clients, from individuals to start ups, to large corporate clients and managed funds, on cross-border taxation issues and inbound and outbound investment structures, mergers and acquisitions, and trusts.

Jodie is a Special Counsel in McCullough Robertson’s taxation team. She is an Accredited Tax Law Specialist with over 19 years of experience working with SME clients and their advisers in business and transaction structuring and restructuring.  Jodie is passionate about providing clients with results-driven, commercial advice and solutions for their taxation and business needs.  

She advises on a broad spectrum of taxation matters including duty, GST, capital gains tax, employee share schemes, payroll tax and cost-effective business structures and restructures.  Jodie regularly advises on the tax consequences of the sale of significant businesses and business restructures including applicable rollovers and duty exemptions.