An option clause is a term in a commercial lease that allows a tenant to renew their lease at the end of the original lease period, if they meet certain conditions. Landlords are not obliged to offer a renewal option. However, it is often in the interests of both...
Worried about the risks of buying off the plan? The NSW Government recently released a discussion paper proposing reforms to off the plan contracts and restrictive covenants, aiming to improve transparency and certainty for home buyers while maintaining flexibility...
Do you intend to buy property as a trustee of a discretionary trust? If so, it is important to examine whether the trust deed protects you from foreign surcharges on duty and land tax. Many Australian citizens and residents unknowingly incur foreign surcharges, facing...
When discussing property law, the concept of an ‘interest’ is significant. An interest in property refers to a legal stake or other right that an individual or entity holds in a particular piece of real estate. This article explores the definition of property...
Buyers in New South Wales (NSW) often struggle to purchase their first homes, hardly surprising given that the average property price in the state is now over a million dollars. To help first home buyers into the property market, the NSW Government has offered various...
Transferring property between family members is a common practice, often driven by a desire to facilitate inheritance, support loved ones, or streamline estate planning. While the intention behind such transfers is usually rooted in familial bonds, navigating the...
