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). A BMS is a document used to regulate the relationship between two or more large users of a building, such as residential
The Importance of Contract Law in Business and Personal Life In our business and personal lives, we are exchanging contracts all the time. Whether it’s for employment, buying homes, sales agreements, or even power of attorney, it’s essential to have a lawyer who understands and specialises in contract law and
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 change the
Taking Your Company Public: The Process and Key Considerations 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. Step 1: Appointing a Team of Advisors Firstly, you will need to appoint a team
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
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
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 turned out
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
Are you planning on selling your small business soon? It may be hard to sell it quickly if you have no experience in this field. There are many things to consider when doing so, as you’ll want to get fair compensation for what you’ll be trading away. This article will
Article by Peter Lee, Property Law Accredited Specialist Have you been gazumped? I have always loved the word gazumped. It is often used in New South Wales property transactions where the seller unilaterally pulls out of the contract and leaves the buyer high and dry. It is a foreign concept