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...Read More
Buying ‘off the plan’ generally means purchasing a property that is not yet built. It might also involve buying a vacant lot in a planned subdivision. Unlike buying an existing property, a purchaser’s decision is based on plans and designs as opposed to a finished...Read More
Strata living has become a cornerstone of urban life, offering convenience and potentially more affordable housing options for many Australians. Living in a strata scheme can offer benefits such as shared amenities and a sense of belonging within a community. However,...Read More
In the whirlwind of excitement that often accompanies the purchase of a residential property, it is still essential for buyers to be cautious. In most Australian jurisdictions, the law makes provision for a cooling-off period to allow home buyers to evaluate a...Read More
Purchasing a property is a significant undertaking. One crucial step in the process that should not be overlooked is the pre-settlement inspection. This involves the buyer inspecting the property just prior to completing the purchase. In this article, we explore the...Read More
A conveyancing transaction involves transferring legal title (ownership) of real estate from one party to another. For most people, buying or selling property is one of the highest-valued transactions they will ever make, and the legal work is usually referred to a...Read More
