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What are disbursements?
Understanding legal expenses in property transactions When you are buying or selling property, there are a range of legal expenses involved. What are disbursements? One of these expenses is called “disbursements” and it covers activities carried out during the conveyancing process, including: Searches – such as title searches, and obtaining certificates from local councils, electricity,...
Building management statement – A developer’s perspective
As a property developer, when should I use a Building Management Statement and how is it to my advantage? This is the second in a series on Building Management Statements (BMS). For general commentary on BMS please refer to our earlier report at the following link Legislative framework The statutory framework for a BMS is...
Development approval clauses – what are they and how do you ensure...
Understanding “subject to development approval” Developing a property or piece of land comes with its own risks and rewards but what does it mean when a contract says, “subject to development approval”? Reusing clauses without review Developers and real estate agents often use a subject to development approval clause from a previous contract, without considering...
What is a Building Management Statement?
When is a BMS involved? If your strata title building includes a large commercial component for office or retail, chances are your Body Corporate is a party to a Building Management Statement (BMS). What is a BMS? A BMS is a document used to regulate the relationship between two or more large users of a...
What is a Tenancy Agreement?
A tenancy agreement is a legally binding written document that must be used whenever anyone is renting a home from you – even if that person is a friend or family member. The agreement outlines the legal rights and responsibilities of the property owner and the tenants, and it applies to everyone renting the property,...
Who should review a contract?
Contracts are part of everyday life In our business and personal lives, we are exchanging contracts all the time. For employment, for homes, for sales, and even for issues like power of attorney. It’s vital that you have a lawyer who understands and specialises in contract law and commercial agreements. Why? To ensure everything has...
Trust and constitutions – Making a change
When trust deeds or constitutions need changing Sometimes trust deeds or company constitutions need to be changed. To ensure this is done correctly, you will need the help of an experienced lawyer. Changing a trust Changing a trust can be complex, and if it’s not done right, you could end up with tax problems. To...
Why you definitely need a lawyer in property conveyancing
The property conveyancer will also act as your representative in court if necessary. This is usually only required, if there is a dispute over the ownership of the property or, if one of the parties fails to adhere to the terms of the sale. In these cases, the conveyancer will fight for your interests to...
How to list your company on the ASX
Going public: A significant milestone Taking your company public is a big leap. It comes with several risks and rewards, and you need expert advice to make sure it comes together. Building your advisory team Firstly, you will need to appoint a team of advisors, which would usually include a lead manager, a lawyer, and...
Development Approval Clauses – What are they and how do you ensure...
Developing a property or piece of land comes with its own risks and rewards but what does it mean when a contract says, “subject to development approval”? Developers and real estate agents often use a subject to development approval clause from a previous contract, without considering whether that clause is right for the new contract....
What Are Sunset Dates?
The current public debate on sunset dates Article by Peter Lee, Property Law Accredited Specialist There has been plenty of public debate lately about sunset dates and the termination of contracts. Mainly these focus on the plight of buyers who signed a contract years ago at what was then market prices, which price has now...
Welcome Mark Jenvey
Property Lawyer Joins GLG Legal GLG Legal is excited to announce that Mark Jenvey, a property lawyer with over 20 years of experience has joined the firm as Special Counsel in Brisbane. Mark brings a wealth of expertise and capability in commercial, industrial and retail leasing, real estate transactions (acquisitions and disposals) and other commercial...