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Disclosure Requirements for Real Estate Agents
Connections and relationships are formed in the property sector all the time. It is part of regular practice for those working in the real estate …
Buying off-the-plan
Things are changing in NSW… Buying off the plan can be an exciting time for a homeowner or investor. The shiny brochures always promise so …
READY FOR (LAND) TAX TIME?
Land Tax Liability Amendments The Land Tax Act 2004 (ACT) (the Act) was amended last year, resulting in many more home owners being liable for …
Tips for Buying Off-the-Plan Property
Problems with property development have been a hot topic the last six months, and an issue we do not expect will go away anytime soon. …
ACTPLA loses bid to revoke development approval
The ACT Planning and Land Authority has lost a case in the ACT Supreme Court where the Applicant, Capital Recycling Solutions, sought an order that …
The Use of Combustible Cladding in Australian Buildings
In the early hours of 14 June 2017, an intense fire tore through the Grenfell Towers in London. A statement issued in November by the …
Property Law Developments for Property Developers – What You Need To Know
Taxes are always a contentious issue in the current property development landscape. They serve an important source of revenue raising for our Government and allow …
Disclosure Statements – What are they and why do I need one?
If you are the tenant or landlord of a retail or commercial lease, your lawyer probably required you to sign a Disclosure Statement prior to …
Commonwealth Reporting Requirements for Property Transactions in New South Wales
From 1 July 2016 it is a requirement of the Office of State Revenue to collect and report on transfers of freehold or leasehold interests …
Why should I register my lease?
There is no denying that entering in to a new commercial or retail lease can be a costly and time consuming exercise for both the …
5 costs to consider when entering into a retirement village lease in Canberra
One of the main considerations for any proposed resident of a retirement village is the cost associated with residing in the retirement village. Here is …
Tips for Leasing Disputes in the ACT
The Leases (Commercial and Retail) Act 2001 (ACT) (the Act) sets out some of the rights and responsibilities of tenants and lessors in relation to …
Residential Tenancies
The relationship between a landlord or residential premises and his or her tenant is tightly regulated by theResidential Tenancies Act 1997 (ACT). What is a …
Assignment of Commercial and Retail Leases
When buying or selling a business, it is critical that the parties to the transaction consider any lease in place for the premises from which …
Process for ‘Mr Fluffy’ Loose Fill Asbestos Buyback Scheme
Since our last article addressing the ‘Mr Fluffy’ Loose Fill Asbestos Buyback and Demolition Scheme (the Scheme) the surrender process has begun. Deeds of Surrender …
Buyback and demolition scheme for ‘Mr Fluffy’ homes
This week the ACT Government announced that it will offer to buy back the 1,021 Canberra houses contaminated by ‘Mr Fluffy’ loose fill asbestos insulation …
Builder did not owe duty of care to subsequent owners for latent defects
The High Court recently had to consider whether a builder owed a duty of care to subsequent investor-owners of part of a building. In Brookfield …
What are the tax implications when buying and selling a residential property?
When buying and selling residential properties, it is important to consider the possible tax implications on buyers and sellers before the contracts are executed. Goods …
Required Documents in an ACT Contract for Sale
On 28 February 2014, Justice Refshauge of the ACT Supreme Court handed down his decision in Acton Investments (ACT) Pty Limited and Momac 2 Pty …
Purchasing an Off-the-Plan Property
The interest in “off-the-plan” properties is ever increasing and is becoming more popular for buyers. An off-the-plan purchase is one where the Buyer enters into …