Determining whether you qualify as a First Home Buyer is an important factor when purchasing a property in NSW. If you do qualify as a First Home Buyer, you may be eligible for a stamp duty exemption or concession through the First Home Buyers Assistance Scheme (“FHBAS”). Recent changes to the FHBAS from 1 July […]
When a tenant is considering entering into a retail lease one of the main things that they will need to address is the provision of security to the landlord. In the retail lease context, security refers to the financial arrangements that are put in place to ensure that the tenant meets their obligations under the […]
The decision to purchase property can seem extremely overwhelming especially if it’s your first time! With so many moving parts it can be difficult to keep a track of what is required and what comes next. There are some key dates and terms that you will hear a lot throughout the process. The five key […]
It is becoming increasingly common to see a special condition in a Contract for Sale of Land pop up in relation to the deposit payable. Whether it be to release the deposit so as to allow the vendor to use the deposit funds as a deposit for their next property or a purchaser requesting to […]
Would you like a say about who gets your share of your house when you die? Or whether someone else can sell their share of your house without your say so? When it comes to major purchases such as real estate, or other property such as cars and boats, you would hope that by handing […]
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 […]
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 […]
