Author Archives: carolynbond

Has the Government put Rick Otton’s book in all the libraries?

Rick Otton and his students go to great lengths to show how “rent to buy” strategies are accepted – even supported – by Government, the Courts and the banks. Most of these claims are probably inconsequential in their own right, but it … Continue reading

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Publicity Monster finally pays up

See previous post for background. In June 2014, the Victorian Tribunal (VCAT) waived any obligation for my friend L’s business to pay $3,030 to Publicity Monster (PMAU) and ordered PMAU to refund to L the $1,317.80 he had paid them.  … Continue reading

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When the going gets tough, the tough get …evasive?

How have prominent rent-to-buy figures responded to challenges?   The rent-to-buy industry has faced some challenges over the past few years, including negative media coverage, attention from regulators and a series of prosecutions.

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Publicity Monster customers get more than they bargain for

For a change, this post isn’t about rent-to-buy property. New: If you would like some legal information about running a similar case, send me an email (see the “about” page for my email address) or leave a comment (I won’t … Continue reading

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Rent-to-buy selling techniques

This post is about selling techniques taught by Rick Otton.  While not all rent-to-buy operators would use these techniques, it is likely that they are used widely in the industry. Many – perhaps most – of the people in this … Continue reading

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Rent-to-buy houses – is it legal?

Update:  Most rent-to-buy property agreements are prohibited by law in South Australia and Victoria.  Check state legislation. While a number of rent-to-buy websites respond “yes”, this question could refer to any one of many different transactions. The term “rent to … Continue reading

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Big comeuppance for ‘Big Kahunas’

The problem with ‘creative’ or ‘innovative’ strategies is that that the application of the law to the transactions may not have been tested in the courts.  I’ve written previously about what can go wrong for buyers and unsuspecting sellers, and … Continue reading

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Do banks suggest rent-to-buy?

I have written previously about a claim about a Census question supports the legitimacy of rent-to-buy transactions. In this post I’m considering the claim that “even the banks are suggesting rent-to-buy”. I don’t claim that ‘rent-to-buy’ transactions aren’t legal. Most … Continue reading

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Acceptance of rent-to-buy – the Census question

“This proves rent-to-buy is accepted!” (Update August 2016 – In 2016 the words in the Census question were changed from “rent/buy scheme” to “shared-equity scheme” suggesting that my conclusion in this post – that the question never referred to vendor finance or … Continue reading

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Limitations of pre-contractual advice

See 15/3/14 addition to this post This post focuses primarily on rent-to-buy house deals, but it also applies to some other complex or high-risk consumer contracts. I’ve explained how some rent-to-buy deals work, and what the risks are for buyers … Continue reading

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