In 2015 the New South Wales Parliament passed the Strata Scheme Management Bill 2015 and the Strata Scheme Development Bill 2015, with more than 90 law changes. The new pieces of legislation set out comprehensive reforms of NSW strata laws modernising the law to...
Retirement Living Life beyond bingo and bowls! Not surprisingly people talk about buying their first home as being a life changing event and it is. However, in the past it has been rare for people to talk so excitedly about moving into some form of retirement...
One way of owning property is to buy a unit. Each unit is called a lot in a strata plan. The lot has its own separate title. An executive committee representing the owners corporation (made up of all unit owners) is set up to manage the common affairs of the lot...
1. The Standard Form Contract for the Sale of Land refers to payment of a 10% deposit. For example, if the Sale price is $400,000.00 the deposit payable is $40,000.00. 2. This deposit can be negotiated with the seller to something less, say 5%. Using the above...