The new bright-line test explained, get us to review the Agreement before you sign it, check your real estate agency agreement and more.
If you would like to talk about any of these topics, or any other legal issue, please Contact Us.
The Bright-line Test
New requirements for buyers and sellers of residential property
In our Winter edition we noted the government's proposed property taxation changes and 'bright-line' test. The legislation has now come into force and those changes are in effect; both parties to an Agreement for Sale and Purchase of Real Estate dated on or after 1 October 2015 need to be aware of their new obligations... Continue reading
Look Before you Leap into a Contract
Conditional property agreements can turn around to bite you...
In a bustling real estate market, significant pressure is often placed on purchasers to make an offer in a short timeframe, often with few conditions (if any). We often hear about the purchase once the parties have signed and have already incurred legal obligations that may be difficult to satisfy. The moral of the story is to talk with us before you sign the agreement. We outline below a situation in which we hope you won't ever experience...Continue reading
