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Instalment Contracts – the hidden menace to property Sellers

Have you ever wondered why it is commonly accepted that a Deposit on a property contract should never exceed 10%* of the Purchase Price? The answer is: to prevent the contract from becoming an “instalment contract”. What is an “instalment [...]

2020-03-11T21:42:35+00:00March 10th, 2020|

New Verification of Identity Standards introduced

Recently, new Verification of Identity standard were introduced for signing Titles Office forms. These Titles Office Forms are necessary to complete many property transactions in Queensland, including conveyances, leases and mortgages. When an individual signs Titles Office Forms (for [...]

2019-11-22T02:42:12+00:00November 22nd, 2019|

Certificates of Title Redundant, effective 1 Oct 2019

From 1 October 2019, paper Certificates of Title (otherwise known as “Title Deeds”) will no longer have legal effect in Queensland. As it currently stands, 11% of Queensland properties have a paper Certificate of Title in existence. This change is [...]

2019-09-29T23:44:02+00:00September 29th, 2019|

Titanic Tenant Trouble: what happens if your Pty Ltd tenant ‘goes under’?

The last thing a landlord wants to hear is that their tenant is experiencing financial trouble. It creates uncertainty and potentially affects the landlord’s revenue stream from that property. What happens if the worst case scenario eventuates and the tenant [...]

2019-08-06T00:36:20+00:00July 31st, 2019|

Are you a unit buyer, owner, seller or body corporate manager? New building cladding requirements might catch bodies corporate by surprise

In October 2018, the Queensland government introduced a mandatory process to identify buildings which were built with “combustible cladding” (that is, building material particularly susceptible to fire events). Building owners of certain classes of building are required to complete at [...]

2019-03-22T04:23:30+00:00March 22nd, 2019|

Landlords need to get Notices to Remedy Breach exactly right

When a landlord wants to “get serious” about a tenant’s rental arrears or other breaches, the landlord will often need to prepare and serve a “Notice to Remedy Breach” (NTRB) on the tenant. In the recent case of Tyrrell v [...]

2019-01-23T23:19:43+00:00June 12th, 2017|