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Call Options, Put Options – What are Option Agreements?

Call Options, Put Options – What are Option Agreements?

Option Agreements, also referred to as buy/sell agreements or put and call option agreements, provide a party with the right, but not a definite obligation to buy a property or…

Paying Your Deposit under a Land Contract – when, where, who, what, how?

Paying Your Deposit under a Land Contract – when, where, who, what, how?

When you are purchasing property in Queensland, there is a lot to think about! Usually, your main concern will be making sure that you can get finance approval and organise…

Do I need a Pool Safety Certificate to sell my house?

Do I need a Pool Safety Certificate to sell my house?

Drownings in home swimming pools are a tragic and all too common occurrence. Pool safety laws have reduced the number of drownings, and are an important factor in the sale…

What happens to Contract Dates over Christmas/New Year?

What happens to Contract Dates over Christmas/New Year?

It is pretty normal for property lawyers to see a rush of Contracts in late November or early December, in anticipation of Christmas. Quite simply, it is very convenient to…

Transfer Duty Exemptions – Do I pay duty if I transfer property to my spouse?

Transfer Duty Exemptions – Do I pay duty if I transfer property to my spouse?

As a general rule, transfer duty (formerly known as stamp duty), is payable on all property transfers in Queensland. However, there are various concessions and exemptions that are available in…

Settlement figures and adjustments

Settlement figures and adjustments

Buyers can often become confused when they receive settlement figures or a settlement statement in the lead up to settlement. It is common for buyers to misread the settlement figures…

Can I change the Buyer on my Contract after it’s been signed?

Can I change the Buyer on my Contract after it’s been signed?

What do I do if I am buying, and I want to change the person(s) or entities listed as buyer in the Contract? If you enter into a Contract of…

When do I need Foreign Investment Review Board (FIRB) Approval?

When do I need Foreign Investment Review Board (FIRB) Approval?

I often have people come to me from near and far and from all different walks of life. They are often looking to live and work in Australia, or just…

Purchasing Property as Joint Tenants or Tenants in Common – what is the difference?

Purchasing Property as Joint Tenants or Tenants in Common – what is the difference?

I often get blank faces when I ask clients whether they are purchasing their property as joint tenants or tenants in common. However, you cannot avoid this question if you…

Retail Shop Lease Landlords and Tenants – Changes coming from 25 November

Retail Shop Lease Landlords and Tenants – Changes coming from 25 November

A business’s lease is often crucial to the success of the business. For landlords, compliance with retail lease legislation is important for the validity of the lease and therefore the…

Save $’000s in Transfer Duty – Claim the Home Concession or First Home Concession

Save $’000s in Transfer Duty – Claim the Home Concession or First Home Concession

What is transfer duty? Transfer duty, formerly known as stamp duty, is a state government tax payable on most transactions related to property. It is calculated based on the purchase…

Trustee Resolutions – Tips and Traps

Trustee Resolutions – Tips and Traps

The trustee of a trust or superannuation fund must document certain decisions. This obligation arises under their trust or superannuation fund deed, or because of trust, superannuation or tax legislation.…

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