Tag Search - 'Selling'
HAPPY NEW YEAR!
Fri, 11 Jan 19
We trust that all of our valued clients, colleagues and associates have had a wonderful break, and are ready to charge into the new year full speed ahead.
Affinity Lawyers would like to extend well wishes to you all for a happy, safe and prosperous 2019, and we look forward to working with you in the near future.
As always, our experienced and professional staff are on hand to assist with all of your legal enquiries or to provide you with specific advice in a broad range of legal areas, including but not limited to, employment law, family law, conveyancing (buying and selling), commercial property and leasing, litigation and of course, wills and estate planning.
AIRBNB AND BODY CORPORATES
Tue, 11 Dec 18
The ability for unit owners to rent out their units for short term accommodation via sites such as âAirbnbâ or âStayzâ has long been a grey area, with many body corporates attempting to stop these types of rentals from happening by attempting to enforce by-laws which have been explicitly drafted to exclude short term rentals. It has been an ongoing tug-of-war between unit owners and Body Corporates, with each vying for the âwinningâ position.
It appears that the âwinnerâ has now been determined, and the recent decision of the Body Corporate for Hilton Park CTS 27490 v. Colin Robertson [2018] by the Queensland Civil and Administrative Tribunal has provided clarity for unit owners by ruling that they are legally entitled to offer their units for short-term rentals (through schemes such as Airbnb or Stayz) and that any attempt made by the Body Corporate to restrict such use by way of a by-law or other means is invalid and will not be enforceable.
PPSR CHARGES - ARE YOURS ABOUT TO EXPIRE?
Tue, 11 Dec 18
Personal property is considered to be any form of property other than land, buildings or fixtures which form a part of that land. This can include cars, boats, caravans, art, machinery and crops as well as intangibles such as intellectual property and contract rights. The Personal Property Securities Register (PPSR took over from the REVS (Register of Encumbered Vehicles) Queensland and Bills of Sale Register in 2012.
The purpose of the register is to determine the priority for secured creditors in the event that a debtor defaults or goes into liquidation.
PROPERTY TRANSACTION CHANGES FROM 1 JULY 2018
Wed, 4 Jul 18
We have previously written about the numerous changes to the Additional Foreign Acquirers Duty for property purchases in Australia by foreigners, and several of the major changes stemming from the 2017 budget have come into effect on 1 July 2018.
As a result of the mid-year fiscal economic review, it is expected that the foreign acquirer duty rate is going to increase from the current 3% to 7%. Transitional arrangements for contracts entered into before 1 July 2018 but settling after that date have not yet been confirmed, and accordingly, foreign persons intending on purchasing property in Queensland should consider the timing of their transactions in light of the recent changes.
WHY SPECIAL CONDITIONS ARE SO IMPORTANT IN YOUR CONVEYANCING CONTRACT
Thu, 7 Jun 18
Buying or selling a property is one of the biggest financial transactions you will undertake in your lifetime, and it is important to ensure that the contract is drafted correctly, takes into consideration your individual circumstances and accurately reflects the agreement reached between the parties.
HAPPY EASTER!
Thu, 29 Mar 18
Itâs that time of year again! Although it feels like we just had Christmas and welcomed in the New Year â Easter is upon us.
We wanted to take this opportunity to wish you all a very happy Easter and to remind you to take some time to relax, spend time with loved ones and of course, eat lots of delicious chocolate!
TIPS WHEN PURCHASING PROPERTY AT AUCTION
Thu, 29 Mar 18
Buying a property at auction can be an exciting, nerve-wracking time and sometimes emotions can get the better of us so it is vitally important that you understand the process, and your rights and obligations before bidding on a property to ensure you donât end up in a sticky situation that could end up costing you thousands of dollars.
This is where the experienced Gold Coast Lawyers at Affinity Lawyers can help ensure your transaction is smooth, hassle-free and cost effective.
WHAT CAN GO WRONG WHEN SELLING YOUR PROPERTY?
Thu, 1 Mar 18
Often, people assume that the transaction process for selling real property is simple, and many are hesitant to engage a professional lawyer to undertake the work on their behalf, believing that they can do it themselves to save money.
We see many files after the seller has attempted to finalise the transaction on their own, and we would strongly caution you against attempting to sell a property on your own due to the risks and ramifications which can occur as a result.
LOOKING AT BUYING A QUEENSLAND PROPERTY IN THE NEW YEAR?
Fri, 12 Jan 18
The start of a new year seems to be a popular time for people to decide they want a fresh start, sometimes with finding the house of their dreams. With the current market, there are hordes of interstate buyers, particularly from Sydney, who are ready to buy Queensland properties with cash.
It is important to note that the way a property is purchased in Queensland differs from the process in our southern states. Generally, the standard contract of sale used includes a 5-business day cooling off period, which is in place to protect the buyer. It affords the buyer a greater sense of protection to sign a contract before going to a solicitor, however it is important to remember that if the buyer does decide to pull out of the contract under the cooling off provision, a termination fee of 0.25% of the purchase price can apply.
AFFINITY LAWYERS HAS HELPED TO MAKE HISTORY BY PARTICIPATING IN THE FIRST EVER SETTLEMENT OF A TRUSTEE TRANSFER THROUGH PEXA
Wed, 6 Dec 17
Read the article here:
https://community.pexa.com.au/t5/Share-your-Experiences/Making-History-in-QLD-Affinity-Lawyers-amp-Astill-Legal-Group/td-p/6585
Conveyancing transactions are moving forward into the digital age and the introduction of PEXA means that e-conveyancing transactions will allow the entire process to become more streamlined, efficient, reduce errors, and allow for an immediate reconciliation of funds.
