Impact of PPSR on The Acquisition or Sale of a Business
The Personal Property Securities Register | PPSR | records third party interests in personal property used in a business premises. A third party is a person (which includes a corporation) to whom the owner of the personal property has granted... Read More →
Buying or Selling Property? Remember Your Photo ID’s
Verification of identity [VOI] today is a normal part of a property transaction for both buyers and sellers of property. Even if you are obtaining finance from a lending institution, you will require a VOI check. Any property transaction lodged... Read More →
Commercial Leases Affected by PPS Register
The Personal Property Securities Act 2009 (Cth) |Act| provides an electronic register to record “security interests” for personal property e.g. machinery, motor vehicles, etc. held as security or collateral to repay a debt or financial obligation. PPSR registration information Personal... Read More →
Landlords must pay safety costs – not tenants
The Victorian Civil and Administrative Tribunal (VCAT) recently gave its first advisory opinion on what has been a contentious issue concerning the landlord tenant retail /commercial relationship namely, who bears the cost of complying with Essential Safety Measure (ESM) obligations under... Read More →
Residential property – a landlord’s checklist
Choose the right agent It is important to have the right agent managing your property. Get a few quotes from local agents, compare their management fees and weigh up their included services. Agents can be very competitive and may offer... Read More →
Registering a VCAT Order with the Magistrates’ Court
Are you a landlord who has obtained a VCAT order against your tenant for unpaid rent? Are you a member of an Owners Corporation who has obtained a VCAT order against a lot owner for unpaid Owners Corporation fees? Have... Read More →
On the rise
The proliferation of high-rise apartments and higher-density living has turned the focus on Owners Corporations. Before you consider buying a property that is subject to an Owners Corporation – make sure you do your research. Every high-rise and every block... Read More →
Conveyancing: the future of property transactions?
To the uninitiated, a property settlement can appear to be a frantic scene – a mass of paperwork is passed from person to person and checked and double-checked for error. The introduction of a new electronic transaction system, known as... Read More →
Customer protection
Consumer protections – sale of agricultural land The sale of agricultural land now requires disclosure of any government- or public authority-issued notices, property management plans, reports, or orders in relation to livestock disease or contamination by agriculture chemicals affecting ongoing... Read More →
Simplified Vendor Disclosure to Provide Further Buyer Protection.
Simplified vendor disclosure The Sale of Land Act 1962 (Vic) (“the Act”) has been amended to simplify vendor disclosure and increase consumer protection. The amendments impact the disclosure requirements for the Vendor’s Statement (or Section 32), which accompanies the Contract... Read More →