Buying a property with someone else is a great way to share the fun, stress, and cost of the venture. Often people buy a house with their significant other, to make a home or invest together. Others buy property with friends, relatives or business partners. Joining forces with someone else can increase your borrowing power,...
Disclosure statements under the Commercial Tenancy (Retail Shops) Agreements Act 1985 WA Are you a landlord entering into or extending or renewing a “retail shop lease”? Check if you are required to give the tenant a disclosure statement. Because if you are but do not do so, the consequences can be dire. 1. When do...
Introduction On 29 May 2020, the Western Australia Government released the Commercial Tenancies (COVID-19 Response) Regulations 2020 (WA), which incorporates the Western Australian Commercial Leasing Code of Conduct (Code). The Code came into operation on 30 May 2020, however many of its provisions apply retrospectively to the beginning of the ‘emergency period’, which began on 30 March...
On 7 April 2020, the National Cabinet released a Commercial Leasing Code of Conduct (Code). The purpose of the Code is to impose a set of good faith leasing principles for application to commercial tenancies (including retail, office, and industrial) between landlords and tenants. The Code applies to tenancies where the tenant has an annual...
Buying a rural property or farm is different to buying a residential house in town. As you would with residential property, if you are looking to purchase rural land...
The Personal Property Securities Register (“PPSR”) is a national, electronic register of security interests in personal property that was established on 30 January 2012. What does the PPSR cover? The easiest way to understand what is covered by the PPSR is to dissect the name – Personal Property Securities Register. The ‘personal property’ part is...
Buying a home is the biggest investment or financial outlay that most of us will make in our lifetime. It is, therefore, critical to your financial future that when you purchase a home, whether it is for personal use or as an investment property, you make well-informed decisions. Contracts for the Sale of Land basically...
Most people know someone who has been affected by a family breakup. It is usually a very stressful and emotional time where people are anxious about the divorce, the property settlement and the emotional wellbeing and care arrangements for children. Unfortunately this is reflected in a great quantity of inaccurate statements, often regarded as fact...
Buying a property can often be an intimidating process, especially at auction where you are competing with other buyers and there is no cooling off period. Many properties are sold at auction, particularly in a rising market, so it is important for buyers to understand the processes involved so they can bid confidently on the...
When renting commercial premises it is important for both landlords and tenants to understand the relationship they are entering into and the rights and obligations that they each have. The document that governs this relationship is usually a commercial lease. So what is a commercial lease? A lease is a legally binding contract that gives...
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