It is imperative for any buyer who is looking to purchase a strata property to purchase a strata report detailing the actual and expected financial liabilities of the Body Corporate that the purchaser will be joining. A strata report should also outline any non-compliance with regulations, disharmonies among the unitholders, litigation against builders or tradespersons as well as any peculiar aspects of the apartments by-laws.
We have experienced, in the last 6 months, buyers undertaking a deeper level of due diligence on properties, particularly as to how the building […]
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The term ‘electronic conveyancing’ does not mean the use of digital signatures on contracts or the use of artificial intelligence to regulate and advise on […]
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In the last couple of weeks, residents of Sydney Olympic Park’s Opal Tower have been evacuated because of fears that the building is structurally unsound […]
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Those who have had to pay stamp duty or who work in property may be aware that stamp duty, like income tax, is charged according […]
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Real estate agents will be bolstered by a recent decision of the Supreme Court of Appeal on the subject of ‘misleading and deceptive’ in sales […]
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In a fiercely-competitive market for listings, this can often happen: A vendor signs an exclusive agency agreement with one agent (the first agent), who introduces […]
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Developers often use ‘put and call options’ when buying residential lots as an alternative to traditional contracts with long-dated settlements. The motivation for them doing […]
Read More Although there has been a number of frauds in conveyancing transactions over recent years, an incident involving a former MasterChef contestant hit the headlines […]
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Introduction ‘Release of deposit clauses’ are becoming increasing common in property transactions today. A release of deposit clause allows a vendor of a property […]
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It has become very common for vendors to advertise properties as ‘perfect for AirBnB or short-term rental’. But very often this is being done without […]
Read More It is imperative for any buyer who is looking to purchase a strata property to purchase a strata report detailing the actual and expected financial […]
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The recent case of SAMM Property Holdings Pty Ltd v Shaye Properties Pty Ltd [2016] NSWSC 362 showed how important it is for vendor’s solicitors to keep […]
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Perhaps due to the high prices of residential property in NSW, particularly Sydney, it has become increasingly common for purchasers to request, and vendors […]
Read More The NSW Department of Fair Trading issued the ‘Real Estate Fraud Prevention Guidelines’ in 2013. They guidelines state that agents should: Conduct an identity check face […]
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