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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|

Hidden Defects in Apartments: who is liable and how can I protect myself?

As the fallout from the Opal Tower Apartment Building in Sydney continues, many apartment owners are starting to wonder what would happen if latent building defects, such as those which caused the cracks that resulted in the Opal Towers being [...]

2019-01-24T01:46:17+00:00January 24th, 2019|

Bank Guarantees v Security Deposits: Which is Better for Landlords?

The choice of security under a lease is an important decision for a landlord. If a tenant defaults or breaches its obligations under the lease then the landlord can call upon the security (being either a security deposit or bank [...]

2019-01-23T23:23:50+00:00August 24th, 2018|