Blog
Commercial leases typically are for a fixed initial term of, say, 3 or 5 years, with an “option to renew” period of a further 3 or 5 years. The lease document will note the specific dates within which you must exercise your option to renew the lease. Usually the date range...
As you may be aware, owners of certain types of property are required to pay capital gains tax when the property is sold. This is normally accounted for when the vendor does their next tax return. However, in the case of foreign residents, compliance has been poor and it has proven...
Shire Legal acted for a client purchasing a property at Burraneer through a local real estate agent. The client had first seen the property 12 months prior when he was not seriously in the market to purchase. It was not until 12 months later that he was ready to buy, and at that...
Consider this – you have entered into a contract to purchase a property, but for various reasons, the property no longer suits you. But it will suit your parents perfectly. So can you transfer the contract over to your parents, so that your parents are the purchasers?
Also...
A few years ago, Shire Legal acted for a client purchasing a property at Kurnell. There was nothing particularly unusual about the transaction – it was a standard family home being sold from one family to another.
However initial enquiries carried out by Shire Legal suggested that...
Rising house prices across Sydney have made it difficult for people trying to enter the property market. In response to this we are seeing more and more people buying property with friends or family members rather than trying to go it alone.
This can be a great solution because sharing the costs...
Section 162 of the Strata Schemes Management Act 1996 (NSW) provides that a Fair Trading Strata Schemes Adjudicator can order for the compulsory appointment of a strata managing agent to exercise all of the functions of an owners corporation, or only specified functions, as well as the...
There are a number of reasons why it’s a good thing to know your neighbours and be on good terms … but one situation that may not come immediately to mind is when you want to renovate or develop your property. Having a good relationship with your neighbour can be the difference...
As some people may be aware the government passed new legislation, the Conveyancing Amendment (Sunset Clauses) Act 2015 (NSW), at the end of last year with the sole purpose of amending the Conveyancing Act 1919 (NSW) to prevent a developer from unreasonably rescinding an off-the-plan...
As most people know, if there is a swimming pool on your property, then you are required by section 7 of the Swimming Pools Act 1982 (NSW) to ensure that the swimming pool is, at all times, surrounded by a child resistant barrier which complies with the Building Code of Australia as...
With the wild weather in New South Wales of late, the question has come up – what happens if the property you are buying is damaged between exchanging contracts and settlement? What are your rights? Does the vendor have to fix the damage? Do you have to settle?
Unfortunately it’s a fact of life that many houses in bushy areas, such as the Sutherland Shire, are subject to termite invasions. It is actually more common than not for homes in the Shire to already have pre-existing termite damage.
But what if the pre-existing damage is so substantial,...
