Commercial and Residential Landlords – Land Tax Reductions

The NSW Government has introduced further measures to assist the financial management of your rental properties. In particular, they are reducing land tax payable on eligible residential and commercial properties up to 25% for the current land tax year. To be eligible: you must have a land tax liability in the current land tax year, … Read more

Estate Planning & COVID-19: Have your parents got you covered?

COVID-19 is already affecting Small Businesses and Employees in many industries and is also a major risk for the elderly. What will happen if you lose your parents to the Coronavirus at a time when you are facing bankruptcy or financial hardship? Your parents’ Will could protect your inheritance from creditors, banks and even Bankruptcy. … Read more

Legislation Update: The Bankruptcy Amendment Bill 2017

The Bankruptcy Amendment (Enterprise Incentives) Bill 2017 has now lapsed The controversial Bankruptcy Amendment (Enterprise Incentives) Bill 2017 officially lapsed on 1 July 2019 and as such will no longer be proceeding. If the Bill was passed, it would have had the effect of amending the Bankruptcy Act 1966 so that the default period of … Read more

Do you Own or Lease Commercial or Retail Premises?

Get timely reminders of your rights and obligations under your Leases and the Retail Leases Act. What You Get We offer a complimentary service for Lessors and Lessees of commercial and retail premises providing timely reminders of: The annual review of rent, where applicable, Lessee’s rights in relation to the exercise of options to renew … Read more

Testamentary Capacity. When does a person lack the ability to make a valid Will?

What is “testamentary capacity”? The legal test for assessing testamentary capacity was outlined almost 150 years ago in a case called Banks v Goodfellow (1870) LR QB 549. The test has four (4) aspects to it, namely: 1. That the willmaker understands the nature of the act of making a Will and its effects, 2. … Read more

Commercial & Retail Fitouts. How you could find yourself out of business before you even begin.

The tips in this article are intended for business owners planning to fit out commercial or retail premises and Landlords of premises leased to such businesses. Briefly, the relevance for the Landlord is simply that: if their Tenant gets caught out they may become insolvent and unable to pay rent before the Lease even begins, … Read more

Why Use a Solicitor for your Conveyancing

Solicitors Vs Conveyancers The conveyancing industry is now a highly competitive market. While the prices for performing conveyancing work used to be regulated, once that regulation was abolished, the increased presence of Conveyancers and the continued undercutting of competitors’ prices has resulted in the widespread undervaluing of an important legal service which requires a considerable … Read more

Avoiding being Gazumped

What is Gazumping? Gazumping is when you have a verbal agreement with an Agent or Seller to buy a property at an agreed price but the property is not sold to you in the end. This usually happens when the Seller has decided to sell the property to someone else, usually for a higher amount. … Read more