Buying a house and land package is one of the biggest financial commitments most people will make. What many buyers do not realise is that they are actually signing two separate contracts, a land contract and a building contract, each carrying its own risks. Understanding what you are agreeing to before you sign can save …
Title Insurance Coverage Title insurance is a crucial yet often overlooked aspect of real estate transactions. While the purchase of property can be an exciting venture, it can come with hidden risks that might not be immediately apparent when inspecting a potential property. Title insurance serves as a protective shield for purchasers in a conveyancing …
In considering whether to contest a Will, you need to obtain sound advice on the types of claims available to you in Victoria. They can include undue indue influence, lack of capacity, lack of provision or breach of trust. There are generally two grounds to contesting Wills and Estates: The Will does not properly reflect …
The relevant legislation governing Owners Corporations is the Owners Corporation Act 2006. As a general rule, an Owners Corporations’ role is to manage the common property accessible by lot owners. However, this power does not extend to infringe on a lot owner’s right to deal with their own property, including the right to rent it …
LETTER OF DEMAND A letter of demand is an important step in setting out your view of a contract which you say has been contravene or in the debt recovery process. Drafting a well crafted and concise letter of demand is important in improving its effectiveness and they are often deployed when a debtor has failed …
Many financially sound businesses cease to exist or fail to reach their full potential solely due the lack of good corporate governance. This is mismanagement to the extreme that is not recognised by the business owners. Often it is caused by lack of knowledge but generally it is caused by a lack of concern on …
Are you a landlord, tenant or lot owner subject to an Owners Corporation (formerly known as a ‘Body Corporate’)? If so, it is important that you know your rights and obligations regarding the short-term letting of tenants. In other words, how can Airbnb – and other similar services – impact you? The relevant legislation in …
It is important for an employer to know their rights when faced with an unfair dismissal claim. What is an unfair dismissal claim? Unfair dismissal if defined as the dismissal of an employee from their job in a harsh, unjust or unreasonable manner. If an employee makes an application to the Fair Work Commission, the …
MISUSE OF MINISTER’S POWER TO BAN EXPORTS The Department of Agriculture, Water and Environment controls the export of prescribed goods such as dairy products, eggs, fish, live animals, meat and poultry. The minister responsible for the export of such products is the Minister for Agriculture. Under the Export Control Act 1982 (Cth), the Minister for …
Purchasing real estate is usually one of the biggest financial transactions you undertake during your lifetime. Failing to ensure the transaction is structured correctly may result in significant consequences over the term of ownership. Such consequences may include, GST and Capital Gains Tax (GCT) implications, Land Tax liability, additional Stamp Duty being paid at the …
