In an earlier news article, we discussed the risks of sellers blindly signing agent’s appointments which often incorporate provisions requiring the seller to pay commission on sales which have not settled. The REIQ standard terms for agent’s appointments contain that quite hazardous obligation, together with other provisions which might excite the interest of the seller’s […]
In commercial leases, often a landlord will for various reasons not want the tenant to exercise its option to extend the lease term. Those reasons could include: Regardless, tenants should always approach the exercise of their option carefully and formally, as it is easy to lose the option right if it is not exercised properly. […]
Well there is a lot of that getting around in Queensland, with the recent increases in property values. Even where property is owned by an individual, land tax is assessed on its unimproved value insofar as it exceeds $599,999, so this year there have been a number of people receiving bills for land tax because […]
From 1 October, 2022, Queensland’s residential tenancy law (contained in the Residential Tenancies and Rooming Accommodation Act 2008) has been amended in various ways, one of which significantly restricts the ability to terminate month to month tenancies. Previously, a month to month tenancy (called a periodic tenancy – which can either be a tenancy which […]
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