Tendering airspace for a joint venture in NSW
Working on a real project?
Open the 12-step Roadmap and Roby, your AI project co-pilot, will walk you through each legal step with your building’s details. Roby is powered by Google Gemini and AI can make mistakes.
Open the Roadmap with Roby →The process at a glance
- 1Planning & feasibility check
- 2Owners agree how to fund the process
- 3Take to market or negotiate directly
- 4Legal advice, by-laws & resolutions for the joint venture
- 5Joint-venture agreement & construction licence
- 6Development consent obtained
- 7Construction completed
- 8Strata plan registered & agreed benefits delivered
Part 1 — Tendering Airspace for a Joint Venture
How owners explore feasibility, agree to the process, and invite developers to propose a joint venture through a public tender or private introductions.
Work through this in Steps 1–7: assessment to tender →Part 2 — Legal Documentation & Structure
The resolutions, agreements and plans to consider before entering a rooftop development joint venture.
Work through this in Steps 8–9: exclusivity and the legal agreement →Part 3 — Construction Issues
How the developer builds on common property safely, and how owners are protected during the works.
Work through this in Steps 10–11: design sign-off and delivery →Part 4 — Joint-venture Contributions & Benefits
What each party contributes and how the owners corporation receives agreed project benefits.
Work through this in Step 12: completion and transfer of the lot →Part 5 — Funding & Management by the OC
An alternative path: the owners corporation funds and manages construction itself, then sells the completed lot.
Adapted from Buy Airspace’s guide for joint-venture tendering. General information only, not legal advice. Have the proposed structure and this guidance checked by a NSW strata lawyer before acting.