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Posted on 4 Jul 2014

What is a Terms Contract or Vendor’s Finance?

Definition of a Terms Contract A contract of sale can be a terms contract on either of two bases: If the purchaser is obliged by the contract to make two or more payments after…

Posted on 4 Jul 2014

Pros and Cons of Buying Off the Plan

What does it mean to buy “off the plan”? Buying off the plan means that you are buying a lot on an unregistered plan of subdivision. For example, a landowner may own a large…

Posted on 4 Jul 2014

Owner Builder Obligations under the Sale of Land Act 1932

Pursuant to the Sale of Land Act 1962 (Vic), a vendor is required to disclose in the vendor’s statement whether any building permits have been issued for the property in the last 7 years. Where a…

Posted on 4 Jul 2014

Amendments to Section 32 of the Sale of Land Act

The Sale of Land Amendment Act 2014 (Vic) (Amendment Act) will amend the Sale of Land Act 1962 (Vic) (SLA). The purpose of the Amendment Act is to re-enact, reform and modernise the provisions relating to statements made…

Posted on 4 Jul 2009

Owner-builder

Liability for defects after sale Owner-builders are subject to significant obligations under the Building Act 1993 (Vic) when selling their home. What is not sufficiently understood is the continuing liability that owner-builders face with…

Posted on 4 Aug 2008

Owners Corporation

Some tips on living with the Owners Corporation Act 2006 Background On 31 December 2007, a new legislation, the Owners Corporation Act 2006, came into operation. What is an Owners Corporation? An Owners Corporation is a separate…