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...
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...
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...
Paid off your Loan? Why the Bank still has an Interest on your Property
Once a loan is paid off, a property owner may think they have the only interest in the property, however this is not the case. While you can pay off your loan the mortgage does not automatically go away with the last payment. Here is what you need to do to get remove a mortgage once it has been paid off.
Difference Between Loan...
Buying a Property in Queensland? Items to Check Before Signing a Contract
The property market has become so competitive that buyers are willing to not only pay anything for a property but give up some of their contractual rights to be the most appealing offer to the seller. The problem with giving up your rights is that if a problem arises, you may be stuck with taking care of it yourself. Here are 3...
Additional Foreigner Acquirer Duty – What Foreign Buyers Need to Know
When buying a residential property, a buyer has additional payments to make other than the contract price. These additional payments can involve:
Fees to lodge documents for transfer of ownership at the Titles Office; and
Transfer duty liability with the Queensland Revenue Office.
The Queensland Revenue Office have implemented...