-
Understanding The Role Of a Property Lawyer
Are you looking to buy real estate or commercial property for your business? Real estate transactions can be complex and challenging, so having a knowledgeable advocate is crucial. A property lawyer is pivotal in ensuring your interests are protected and transactions proceed smoothly. Below are the critical responsibilities of a property lawyer and why their […]
Read More -
Buy Smarter, Not Harder: Top 3 Considerations for Buying Property with Someone
Buying a property with someone else is a great way to share the fun, stress, and cost of the venture. Often people buy a house with their significant other, to make a home or invest together. Others buy property with friends, relatives or business partners. Joining forces with someone else can increase your borrowing power, […]
Read More -
Important update for financially distressed businesses and their creditors – Statutory Demands
Important update for financially distressed businesses and their creditors – Statutory Demands At the outset of the pandemic in March 2020, the Australian Federal Government passed a Coronavirus Economic Response Package which included temporary measures to alleviate some of the financial hardship faced by many businesses and provide some safeguards to help them survive and […]
Read More -
Beware: Informal lease negotiations can create binding agreements
Beware: Informal lease negotiations can create binding agreements An email can be enough to lock you into an agreeement – even without a formal contract being signed. A lease is a legally binding contract that gives you certain rights to a property for a set term. A written commercial lease is used when leasing property […]
Read More -
GST and Residential Property Transactions
The responsibility for remitting Goods and Services Tax (GST) to the Australian Taxation Office (ATO) generally falls on the party making a ‘taxable supply’. In a property transaction, this has traditionally meant the vendor or developer (supplier), unless the contract provides otherwise. From 1 July 2018 purchasers of ‘new’ residential property must deduct the GST […]
Read More -
Update on Personal Property Security Register
The Personal Property Securities Register (PPSR) is a national, electronic register of security interests in personal property that was established on 30 January 2012. What does the PPSR cover? The easiest way to understand what is covered is to dissect the name – Personal Property Securities Register – think of the ‘personal property’ part as […]
Read More -
What is an Agreement to Lease?
When renting business related property it is important for both landlords and tenants to understand the relationship they are entering into and the rights and obligations that they each have. The document that governs this relationship is usually a Commercial Lease. A Commercial Lease gives the tenant an immediate right to take possession of […]
Read More -
Changes to stamp duty for spouse transfers from 1 July 2017
The 2017/2018 Victorian Budget has made substantial changes to land duty and tax payments in a bid to make the system for housing affordability more equitable. New home buyers and investors need to be aware of changes to the duty now applicable to certain property transfers. Part of the Budget changes include the abolition […]
Read More -
Take care when buying a property ‘Off the Plan’
The term “buying off the plan” usually refers to purchasing a property that is not yet registered as a separate lot with the government department responsible for land title registrations, or not yet built. Buying off the plan can refer to the purchase of a block of vacant land that is part of a […]
Read More -
The law of Easements
Many people have heard of an easement, but what is it? In general terms, it is a right to use property belonging to someone else. Ordinarily, we think of property rights as sacred – why should anyone else be able to use my property? However, an easement is an exception to the usually sacred […]
Read More
Select Category:
