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Property Law

Property Development Laws in Queensland

Property - NB Lawyers

There are several factors to be aware of when developing property in order to do so successfully. It will require sufficient research, planning and securing the right property. Property development involves various complex laws and regulations. Therefore, it is inherent that property developers understand and adhere to the laws in this area. Structure It is…

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About to take on a Lease – 7 Clauses you need to know!

Getting a lease

Leases are complex legal documents that can be difficult to understand. We recommend that tenants always consult with a lawyer to advise on the agreement for lease and negotiate lease terms more favourable to you to ensure added security to your business. There are two (2) types of commercial leases, a retail and non-retail lease…

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The Settlement Adjustment Process

Unlike utilities such as electricity and telephone, there are certain charges that attach to a property and remain with it even if sold. This is important to consider when buying or selling a house because it means the liability for these charges needs to be established. To determine who these charges apply to is by…

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Property Co-Owner Disputes: Forcing A Sale Of The Property

Disputes between Co-owners of property are not uncommon. Most of us have at least known someone who has encountered problems with co-owned property. Take the following archetypical example: The last survivor of your parents have passed away leaving the family home or a cherished holiday house to you and your siblings. For the first few…

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Purchasing A Property At Auction – Important Legal Facts

When purchasing a property at auction, there are several important legal facts that need to be considered. Cooling Off Period When buying at auction, there is no cooling off period. If you are the successful bidder, you will have to settle the contract. This applies even if: The house does not pass inspection. You change…

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Why It Is Important For You To Have A Will

What is the Purpose of you Having a Will? A will is a legal document which states what you wish to happen with your assets (estate) once you pass away. Those nominated to receive your estate are known as the beneficiaries. It will also indicate who you want to administer your estate once you are…

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Choosing the Best Property Ownership Structure for You

When two or more people own a property together, there are three main ownership structures they can choose from; Joint tenancy; Tenancy in common; or Trustee. It is important to know which structure is best for you to ensure you get it right the first time and avoid additional costs. Joint Tenancy Joint tenancy is…

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New GST Withholding Laws in Australia

On 1 July 2018 the new GST withholding regime relating to new residential premises or potential residential land transactions came into effect. The regime requires the buyers of new residential premises or potential residential land to account to the Australian Taxation Office (ATO) for GST included in the purchase price.

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