How to Get a Liquor Licence in Victoria
Choose the Right Victorian Liquor Licence Victoria has several liquor licence and permit types. The appropriate option depends on how, where and when the business will supply alcohol. Consider the business’s main activity, whether customers will drink on the premises, whether meals are the primary focus, whether alcohol will be sold with takeaway or delivered […]
Can a Non-Resident Executor Create Tax Issues?
What Does an Executor Do? When making a Will, you may ask a family member or trusted friend to act as your executor. An executor manages the estate by applying for a grant of probate from the Supreme Court, collecting assets, paying debts and distributing the estate in accordance with the Will. An executor may […]
Selling a NSW Property with a Swimming Pool or Spa
When selling a property, the contract for sale of land (‘contract’) must provide prospective purchasers with current information about the property. This disclosure requirement includes information about any swimming pool or spa. Does Your NSW Property Have a Swimming Pool or Spa? The Swimming Pools Act 1992 (NSW) defines a swimming pool or spa (‘pool’) […]
Make good obligations in Victorian retail and commercial leases
What is a ‘make good obligation’? A tenant has an obligation to return the leased premises to the landlord in a similar condition to how they were at handover. Common examples include: Removing the tenant’s property (i.e. desks and chairs); Repairing any damage caused while the tenant occupied the property; Removing the tenant’s fixtures and […]
Purchasing Property in Victoria: What Is a Bare Trustee?
When buying property in Victoria, most people purchase in their own name. However, there are situations where it may be beneficial to purchase property through a trust structure. Understanding these structures can also be an important part of property conveyancing in Victoria. One option is a bare trust, which involves a bare trustee holding the […]
Do I Need a Permit to Build a Granny Flat in Victoria?
What Is a Granny Flat? A granny flat is a small second home built on the same lot as your main home. You can live in it or rent it out. A small second home is: Do I Need a Permit? When you undertake any building work on your property, you must consider whether you […]
What Does a Contract Review Cover?
Whether you are looking to purchase your first property or your twentieth, a contract review is essential to help protect you from signing a contract containing unexpected clauses, unknown or hidden fees, or information, including omitted information, that may affect the contract. What Is a Contract Review? A contract review is a comprehensive, high-level summary […]
Buyers: What Is a Section 27 Statement?
After signing a contract of sale, a property buyer will generally pay a deposit to the real estate agent, conveyancer or legal practitioner. The deposit is usually held securely as a stakeholder until settlement has been completed. A Section 27 statement allows the vendor to request that the deposit be released before settlement. This process […]
Vendors must hand over property in the same condition – What are your responsibilities in Victoria?
When selling a property in Victoria, vendors have a legal responsibility to hand over the property and any goods sold with the property in the same condition as it was on the day of sale at settlement. This excludes normal fair wear and tear. The day of sale is the date when all parties have […]
