Property Law
What is a Put Option vs. Call Option when buying/selling property?
Put and call options are used so parties can enter into an agreement to sell or purchase real property in the future for a particular price. The agreement provides the buyer with the option to purchase the property and the seller with the option to sell the property. Put and Call options: understanding options over…
Read More3 Stages of a Property Purchase – Steps to Buy A New House
Most people know that transferring of property ownership from one person to another is not a simple task but only a few appreciate how complicated the process of transferring the ownership title from the seller to the purchaser is. How Property Conveyancing Works Conveyancing is the legal process of transferring the property from the seller…
Read MoreHomeBuilder Scheme 2020
The Federal Government recently announced the HomeBuilder scheme in an effort to boost Australia’s limping construction sector by providing eligible applicants $25,000 to put towards building a new home or the renovation of an existing one. The scheme is a tax-free grant and is estimated to directly support 140,000 jobs across the country. Eligibility Criteria…
Read MoreProtections for Landlords: Retail Shop Leases and Other Commercial Leases Regulation 2020
The Retail Shop Leases and Other Commercial Leases (COVID-19 Emergency Response) Regulation 2020 is one of the latest pieces of legislation enacted as a result of the COVID-19 pandemic. This legislation was made under the COVID-19 Emergency Response Act 2020 (Qld) and Retail Shop Leases Act 1994 (Qld) with the purpose of mitigating the effect of COVID-19 on small businesses and giving effect to the good faith leasing principles as outlined in the National Cabinet’s Mandatory Code of Conduct.
Read MoreCOVID-19 and Special Clauses: What You Need to Know Before You Buy or Sell!
The COVID-19 pandemic has led to changes in the way we go about our typical everyday lives and has seen businesses and individuals alike trying to protect themselves against the economic impacts of the pandemic. Initial forecasts indicated that the Australian property market would be one of the areas hit hardest by the pandemic, however…
Read MoreChanges to the Foreign Investment Network – What you Need to Know!
On March 29 2020 the Australian Treasurer announced further temporary economic measures which would be introduced in response to the COVID-19 pandemic. The announcement centred around changes to the Foreign Investment Network, with the most prominent being the decision to prescribe nil monetary value thresholds for particular significant actions and notifiable actions under the Foreign…
Read MoreLand Tax Relief Measures in Queensland
On Wednesday 22 April 2020, the Queensland Parliament sat for the first time in over a month in an effort to pass emergency measures aimed at supporting Queenslanders during the COVID-19 pandemic. Some of the measures passed include the following: $300 million aimed at relieving the cost of living which includes $200 credit for all…
Read MoreNegotiating Commercial and Retail Lease Agreements in the wake of COVID-19
The recent COVID-19 pandemic has forced tenants and landlords alike to be more flexible with their working and financial arrangements – but how has it impacted their lease agreements? Prime Minister Scott Morrison announced recently that a strict moratorium would be placed on evictions for all residential and commercial tenancies for the next six (6)…
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