Building Management Statement – What are they?
Changes to the Real Estate Institute of Queensland (REIQ) contracts have come into effect for residential unit purchases. A buyer’s method of terminating a contract now includes failure to register an interest. It is important for buyers, sellers and body corporates to understand what a building management statement is and how it...
Transferring Property to a Family Member – Consider the Risks
You may be looking to transfer property to a family member. Whatever the reason, if you are looking to transfer your interest in any property to a family member you should be aware of what is required and what financial implications there may be.
What is required
Typically, transferring an interest in a property to a family...
Advance Health Directive – Do you need one?
There may come a time where you suffer an injury or accident which impacts your ability to make and voice your decisions on medical treatments. If you want to make your preferences known on whether to accept or reject particular medical treatments on your behalf, then you may wish to consider having an Advance Health Directive...
5 things you should be considering before you even receive a draft lease
Looking to enter into a Lease – 5 things you should be considering before you even receive a draft lease?
Looking for premises to conduct your business can be a time consuming and daunting process. Having a lawyer who is able to review draft leases, provide advice and recommendations will greatly assist...
The Importance Of A Good Conveyancer
When it comes to a stress free settlement, a good conveyancer or solicitor is worth their weight in gold.
As a purchaser or seller of a property, you will require a professional to assist you with the property transfer. Both conveyancers and solicitors can help you review legal documents, check the contract of sale, assess taxes involved in the purchase, help you ensure payment is...
Tenant in the Property or Vacant Possession?
How to know if there is a tenant in the property you are purchasing?
A Real Estate Institute of Queensland (REIQ) Contract provides a section for the seller to complete if there is a tenant that will live in the property past the settlement date. This section will include the name of the tenant, how long the tenant will be...
The ins and outs of a Contract – When does a Contract Exist and Amending a Contract
When is a Contract Official?
A contract becomes official and legally binding when the last party has signed the contract. It is common that the buyer signs the contract first with their offered amount. If the seller accepts the offer, they will then sign the contract. The contract will become legally binding on the day the last...
Can New Zealanders Buy Property In Queensland? Top 5 Home Buyer Questions
NB Property Lawyers Kayleigh and Chloe sit down to discuss what is involved for a New Zealand citizen to purchase property in Queensland, Australia. Do they need to obtain FIRB approval or need to pay AFAD? What about applying for a home owners grant and eligibility of the First Home Duty Concession? Are there any other restrictions on a property purchase?
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3 key facts a Buyer should consider and address before signing a purchase contract in Queensland
In this video one of our Lawyers, Chloe Skubis, goes through three key factors any buyer should consider and address before signing a contract. Anybody looking to purchase a property in Queensland should ensure these three areas are addressed before signing a contract in order to protect any buyer’s interest in getting adequate compensation and getting the property in the best condition...
Selling a Unit or Townhouse? What you must Disclose to the Buyer Before Signing a Contract
When selling a unit or a townhouse a seller has an obligation to disclose to potential buyers’ body corporate information before a contract is entered into. Failing to provide the information, or providing incorrect information, risks the contract being terminated.
What information needs to be included in the Disclosure...