From 1 March 2020, the Sale of Land Amendment Act 2019 came into effect. One of the main changes that it dealt with are “material facts” relevant to the sale of real estate within Victoria.A material fact is a fact that a proposed purchaser ought to be made of aware...
Whether buying or selling real estate, it is important for any buyer or seller to understand how notices play a part in a real estate transaction. Notices when selling real estate are a must and understanding why is just as important. What is a...
When selling your property it is essential that any renovation works that you have carried out during your ownership of the property have been completed and documented properly, whether you had a professional builder carry out the works or you acted as an owner...
At Phillips and Wilkins, we provide advice on commercial leases but generally do not on residential tenancies. However, we acknowledge that many of our clients are residential landlords. It is important that all residential landlords familiarise themselves with recent...
On 23 September 2020, there were a series of changes to the Retail Leases Act 2003 (“the Act”), which governs the majority of commercial leases. Whilst much of the commentary concerning the amendments suggested that the changes were not overly significant, many of...
Commercial Leasing Code of Conduct During the COVID-19 Pandemic The Prime Minister has recently announced an obligatory code which landlords and tenants must follow when negotiating amendments to leases due to the COVID-19 pandemic. The guiding principle is that any...
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