Posts Tagged ‘contract’
Leasing Premises for your Business? Do you Need to Pay the Lessor’s Mortgagee Consent Fees?
There are many costs to leasing a premises, not just rent and outgoings. One of these costs may include a lessor’s mortgagee consent fee. Not only is it important for lessees to be able to identify what this cost is, but it is important that both lessors and lessees be aware it is lawful to…
Read MoreBuilding and Pest Condition Explained – why you Should Engage a Lawyer to Assist you with your Purchase or Sale
The building and pest condition is an essential term of any residential contract. It gives the buyer crucial protection to exit out of the contract, if there is something wrong with the property that would be of significant cost to the buyer to fix. This article will discuss: each party’s obligations; how a party can…
Read MoreAre you Buying a Property – When is Insurance Required and Which Insurance Do you Need?
Buying a property is a big step in life, and a buyer will want to ensure they obtain the property in the same condition it was in at the time of signing the contract. Insurance is a large part of ensuring that if the property is damaged, that the disadvantaged party receives compensation for fixing…
Read MorePre-Settlement Inspections Queensland – 11 Things Buyers should Inspect before Settlement
The standard terms of a residential Real Estate Institute of Queensland (REIQ) contract allow a buyer to enter the property once before settlement to inspect it. The inspection is a useful tool for the Buyer to inspect the property and ensure that it is in a satisfactory condition before settlement. REIQ contracts provide that the…
Read MoreWhat is Contract Default Interest and How to calculate – Everything you need to know
Contracts typically make small mentions of Default Interest that a party to a contract may not take much note of it. However, it is an important part of the contract that the seller may rely on to require the buyer to make additional payments for failing to meet a payment obligation under the contract on…
Read More4 New Changes to Standard Residential Contract Conditions in Queensland – What Buyers and Sellers Need to Know
The Real Estate Institute of Queensland (REIQ) have amended their contract conditions which impact essential obligations on buyers and sellers such as the settlement date, smoke alarms and paying a deposit electronically. If you are a buyer or seller looking to enter into a contract for a house or unit in Queensland after 20 January…
Read More5 Key Risks all Advisors need to know about Termination of Employment
A number of consultants, advisors, accountants, bookkeepers and business coaches have asked us recently about termination of employment. In particular, what are some of the issues to understand so that Employer’s risk and liability can be mitigated and even dissipated. 1. Unfair Dismissal Risk For many advisors there is an understanding of unfair dismissal and…
Read MoreRedundancy: 3 pitfalls for HR to avoid a (almost) $300K claim – the story of Pizza, Beer and Toyota
The District Court of NSW has made a decision on a case involving a termination of employment mere days before a significant redundancy payment was owed to a long standing employee (20 years). Ultimately the Court found in favour of the employee awarding almost $300,000.00 in damages. The case of Sherry v Toyota Motor Corporation…
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