Articles
The Importance of Retail Lease Disclosure Statements
A landlord is required by the Retail Leases Act 1994 (NSW) to give a tenant a Lessor's Disclosure Statement at least 7 days before a retail lease is entered into. It contains important information about the premises, the lease and the tenant's financial obligations...
Vital Tip Before Signing a Contract at an Auction
You have just endured a lively bidding war for that perfect property and had your final bid accepted by the auctioneer. The property is yours! But there are still some important formalities to go through. Both the vendor and you have to sign a counterpart of the...
Ending a Partnership
A partnership is a type of business structure where two or more people operate a business together. However, no matter how strong the business relationship may seem initially, it may sour for a number of reasons including: * financial disputes * different visions and...
Acting for Spouses in Property Transactions
Often, I am contacted by one spouse about a property transaction such as the purchase or sale of a family home. Sometimes, that spouse is surprised when I say that I have to speak to the other spouse to confirm the instructions to buy or sell. That caution is...
Transferring Real Estate Without a Contract
Normally, when two parties agree on a price for one to sell their real estate property to the the other, in NSW they enter into a Contract published by the Law Society of NSW and the Real Estate Institute and prepared by a solicitor or a conveyancer. It sets...