Articles

Posted Oct 30, 2015 Leasing pitfalls

Entering into a Lease is a long term financial commitment. You need to consider all the rights and obligations it imposes on you for the entire duration of the Lease. Some Leases are straight forward, but most are drafted to protect and favour the Lessor’s interests. You need to ensure your interests are protected and […]

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Posted Oct 30, 2015 Impact of rezoning

As our population grows, our governments need to accommodate for more housing and infrastructure. To maintain and modernise our cities, this means rezoning areas close to the cities and existing infrastructure as well as releasing large areas of land for development.  1.  What is rezoning? Zoning is dividing areas of land into categories. These categories […]

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Posted Oct 30, 2015 UPDATE: Agents Underquoting Act

The recent boom of the Sydney Property market has caused the State Government to take action. The penalty for a Real Estate Agent to underquote a property is a fine of up to $22,000.00, however in the past thirteen years, not one case of underquoting lead to a conviction. On 22 October the Bill for […]

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Posted Oct 20, 2015 NSW Security of Payment legislation – Supporting Statements, more paperwork?

As is now well known, amendments to the Building and Construction Industry Security of Payment Act 1999 (NSW) (“the Act” ) commenced on 21 April 2014. For contracts entered into after 21 April 2014, Principals and Contractors will need to ensure their procurement and payment systems comply with the amendments to the Act. This article […]

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Posted Oct 14, 2015 Buying off the plan? Good idea or not?

As Sydney’s property market hits another all-time high, fears of property developer greed are revealed. What is buying off-the-plan? Ultimately you are buying a bundle of rights to purchase something that is not yet in existence. Usually a unit that has been designed, but not yet built or the plans of subdivision have not yet […]

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