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Posted on 3 Jul 2015Fundraising in Victoria
Organisations that conduct fundraising activities need to ensure they comply with Victoria’s fundraising laws, and if they conduct fundraising activities outside of the state of Victoria, then they must also comply with the different…
Posted on 4 Jun 2015Are electronic signatures valid?
A contract of sale of land must be in writing and signed by the parties. These requirements were principally designed to reduce fraud as it prevents one party to the transaction claiming or denying…
Posted on 3 May 2015Buying a New Franchise? Top Tips
Franchising continues to boom – understandably, being the purchase of a ready-to-go business system, with backup support and an established product, name and logo. But franchises have a dark side too. Requiring a large…
Posted on 1 Apr 2015Deposits on Purchase of Real Estate
An increasing issue confronting purchasers is a lack of understanding or their contractual obligations regarding the payment of the deposit and the possible consequences of a failure to meet those obligations. The standard Contract…
Posted on 4 Mar 2015Fencing Laws in Victoria
The Fencing Act 1968 (Act) has been amended by the Fences Amendment Act 2014 (Amendment Act) which commenced on 22 September 2014. The Amendment Act aims to facilitate fairer dealings between neighbours over shared dividing fences and…
Posted on 4 Mar 2015Who can challenge my will?
Many clients assume they can, on death, leave their assets to whomever they choose. They are dismayed to learn, when instructing a lawyer to prepare their will, that it can be challenged. Until recently,…
Posted on 4 Dec 2014Caveats
What is a caveat and how does it work? The word caveat derives from Latin and means ‘beware’. A caveat maybe lodged over the title to a property and acts as a warning to…
Posted on 4 Sep 2014Changes to the Sale of Land Act 1963 (Vic)
As many Real Estate Agents may be aware, from 1 October 2014 changes to section 32 of the Sale of Land Act 1962 (Vic) (Act) will come into effect. Under the new section 32 statement requirements,…
Posted on 4 Aug 2014Mortgages – Power of Sale
A mortgage creates a security interest in land in favour of the mortgagee (lending institution e.g. Commonwealth Bank of Australia, Westpac Banking Corporation and National Australia Bank). The mortgagee does not become the owner…
Posted on 4 Jul 2014What 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…