Contracts for the sale of land in NSW can sometimes contain a special condition which allows the deposit to be released to the vendor prior to completion of the contract. This type of special condition is called a “release of deposit” clause. Before agreeing to any release of deposit clause, purchasers should carefully consider the […]
Release of Deposit Clauses in NSW: Risks for Buyers and Sellers Read Article »
When you buy a property in New South Wales jointly with another person, your solicitor or conveyancer will ask whether you want the ownership recorded on title as joint tenants or tenants in common. The decision whether to record your is significant, as it determines what happens to your share of the property if you
Joint Tenants vs Tenants in Common in NSW: Key Differences Explained Read Article »
What is an Enduring Power of Attorney? An Enduring Power of Attorney is a valuable estate planning tool which allows you to delegate financial and legal decisions if you lose the ability to manage your own affairs, for example, through illness, injury or disability. When making a Power of Attorney, clients often ask if
Does a Power of Attorney need to be registered in New South Wales? Read Article »
The standard New South Wales contract for the sale of property requires the purchaser to pay a 10% deposit at the time the contract is made. However, it has become common for vendors to accept payment of an initial 5% deposit. This practice usually includes inserting a special condition into the contract in which the
5% Deposit Clauses – The Risks for Vendors Read Article »
If you are unsure what a Section 66W Certificate is or whether you should give one, this guide explains when a Section 66W Certificate is required and what both purchasers and vendors should know about them Why Does A Section 66W certificate Matter When Buying Property in NSW? If you are a first home buyer
What is a section 66W Certificate? Read Article »
