Category: Property Law

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What is an Agreement to Lease – Things you should know

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…

Disclosure And Warranties In Residential Property Transactions

Sellers of residential real estate must give statutory warranties about the property they are selling certain disclosure documents in the contract. The disclosure and warranty requirements are found in the Conveyancing (Sale of Land) Regulation 2017 (effective 1 September 2017). Despite these obligations however, certain matters affecting the property are not…

Strata Law Reforms

In 2015 the New South Wales Parliament passed the Strata Scheme Management Bill 2015 and the Strata Scheme Development Bill 2015, with more than 90 law changes. The legislation sets out comprehensive reforms of NSW strata laws modernising the law to reflect the reality of living in a strata townhouse…

Changes to Personal Property Securities Act – PPS Leases

The Australian Government introduced the Personal Property Securities Amendment (PPS Leases) Bill in the House of Representatives. After passing through the Senate the proposed changes became law with the enactment of the Personal Property Securities Amendment (PPS Leases) Act 2017 on 20 May 2017. The date is important and has…

Incentives for First Home Buyers in NSW

First home buyers in New South Wales can expect big stamp duty savings through reforms which were delivered in the 2017 budget and commenced on 1 July 2017. The new package is anticipated to assist many potential purchasers by improving housing affordability across the state. Policies have also been introduced…

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…

Discretionary Trusts

If you have a family trust which owns or is purchasing residential land in NSW you may need to amend your trust deed to avoid a land tax and stamp duty surcharge applicable to foreign persons. On 21 June 2016, the NSW state government introduced surcharge purchaser duty and land…

Buying a property – avoiding the traps before signing a contract

Buying a home is the biggest investment or financial outlay that most of us will make in a lifetime. It is critical to your financial future that you make well-informed decisions when you purchase a property, whether it be for your own home or an investment. The Contract for Sale…

Swimming Pools – new compliance laws

Across the country, thousands of homes have backyard swimming pools. With drowning being a leading cause of preventable death in young children, swimming pool safety is an important issue for the community.