Many individuals often sign Residential Tenancy Agreements (“Agreement/s”) without thoroughly reading the document, nor understanding what is required of the parties to the Agreement. There are some key matters and obligations to be aware of, whether you are entering into an Agreement as a Landlord or as a Tenant. In NSW, the Residential Tenancies Act […]
A recent decision of the Supreme Court of New South Wales highlighted the rights of persons who are entitled to the benefit of easements for right of way. In this particular case, Property A was entitled to an easement for a right of way over Property B. The owner of Property B had sought to […]
The recent story in the media about a Sydney couple buying a property being scammed out of almost $1 million should serve as a stark reminder to take extreme caution when transferring funds in property transactions. In the case of the Sydney couple, a day before settlement of their property purchase, they allegedly received what […]
Your Will isn’t the only important part of your Estate plan. For a lot of people their home and superannuation make up a significant portion of their assets. But what you may not realise is that these assets may not be dealt with by your Will once you pass away. So firstly, what if you […]
How important is it to pay your deposit on time when buying a property? The recent Supreme Court of New South Wales decision in Alexakis v Wan [2021] confirms that it is very important indeed, and failure to do so could be extremely costly. The purchaser Theo Alexakis, not only lost his $241,500 deposit, but […]
When thinking of purchasing property, it is important to do your homework before entering into a contract. This will usually include detailed reports from pest and building inspectors, and reviewing information about the zoning of the property. These planning certificates issued by local councils are required by law to be included a contract for the […]
Contract for Sale This is the first requirement for selling a house. Before marketing of your property can commence, a real estate agent will request a Contract for Sale of Land so that marketing can commence. Even if you decide to list the property for sale without the help of an agent, you must have […]
The Federal Housing Minister and the Treasury have been in the media in recent weeks discussing the Federal Government’s HomeBuilder scheme, with recent figures showing that the demand for the scheme is nearly double that predicted by the Treasury, anticipated to cost the Government around $2 billion. What is the HomeBuilder Grant? The HomeBuilder scheme […]
As more and more people are starting to live in strata residences, it is important to remember that the strata by-laws govern what the owner of the unit is allowed to do in their own place of residence. The NSW Court of Appeal recently made a finding in the case of Cooper v The Owners […]
The NSW Government is continuing with its promised retirement village sector reforms with new laws to be introduced into parliament later this year that will see exit entitlements paid more quickly when residents depart their village. Minister for Better Regulation, Kevin Anderson recently announced that the new reforms will improve access to exit entitlements, […]