Like many other lawyers, we get enquires regarding Bank Mortgages and Guarantees and the paperwork a borrower or guarantor needs to be completed with a lawyer, sometimes called a Solicitor Certificate. A lot of clients ring up and say “we just need to sign this in front of a lawyer- that’s what the bank told us- so …
Business Law

1. Lease Cost Determine the monthly cost of the leased premises by multiplying the square metres of the premises by the price per square metre and then divide this number by 12. The resulting figure is the monthly cost. Negotiate rent free periods or a discount on the annual cost to limit your costs. 2. Term …

Have interest rates fallen considerably since you took out your mortgage? Has your credit score or financial situation improved so you may be eligible for a lower rate? Would you like to access your equity for an investment or renovations? These are all great reasons to consider refinancing your mortgage. Refinancing can often be a …

What is the legal meaning of a deposit? The purpose of the deposit for a purchase of land contract– is to show that the purchaser is serious in completing the transaction. The deposit is usually paid at the time that the contract is signed by the purchaser and is usually 10% of the purchase price …

What is an Occupancy Permit? An occupancy permit tells anyone interested in purchasing a newly built or renovated property that the property is suitable for occupation. Occupation of the home is not permitted until the certificate is issued: it is otherwise an offence. The occupancy permit is different from a Certificate of Final Inspection which …

Part 1 of Debt Recovery Series by Maria Rigoli and Damian Ballan CHASING MONEY: THE LETTER OF DEMAND (LOD) A LOD is sent to a person or organisation who owes you money (the debtor) following your supply to them of goods and services. The LOD advises the debtor of the amount outstanding and threatens court …

The New Personal Properties Securities Act 2009 (PPSA) explained How can you check ownership of goods for business sale? What is PPSA? The PPSA is legislation which changes the way security interests in personal property are dealt with across Australia. The PPSA rewrites the law on traditional securities such as mortgages and charges and will …

Starting or Buying a New Business- Which Structure? WHAT IS THE BEST LEGAL STRUCTURE FOR A START UP BUSINESS? The importance of getting your structure right when buying or starting up a small business cannot be underestimated. For example, there are capital gains tax concessions which are available to all different structures, subject to qualifying …