Registering Commercial & Retail Leases on Title
Are you a landlord or a tenant and you have a retail or a commercial lease, that has a term of three years or more inclusive of your options? If so, then as a landlord you may have a legal obligation to register the lease on the title of your property and a tenant may […]
Building Contract Review: Be Aware of the Risks.
Are you about to build a new home? What can you do to protect yourself? The news is currently filled with “builder collapsing, leaving buyers out of pocket, without any hope of recovery.” Before signing that building contract, seek legal advice to understand the legal document that you are signing. At Castrikum Adams Legal we […]
Changes to First Home Buyer Initiatives from 1 July 2023
The NSW Government has expanded the First Home Buyer Assistance Scheme (FHBAS). From 1 July 2023, the transfer duty exemption threshold for new and existing home purchases by eligible first home buyers will increase from $650,000 to $800,000, and the concessional rate will increase from $800,000 to $1 million. From 1 July 2023, access First […]
Perusal and Preparation of Contract is Paramount
Prepare properly or you could pay in the end! Whether you are a purchaser, vendor or even agent, the purchase price is generally the biggest determining factor in a sale. Even if the property is prepared perfectly, marketed perfectly and is ripe for the perfect price, if a dwelling is not approved, there are easement […]
Resilient Homes Program
The Resilient Homes Program (RHP) will offer eligible homeowners one of the three available measures, based on expert property assessments, flood impact severity data, safety risks and potential future flood levels: Home buybacks – the homeowner receives a payment for the purchase of their house and land, or Home raising – funding is committed to elevate liveable […]
Getting Older & Getting into the Workforce
The experience of a 9-5 job. Last week, we had the pleasure of having Ivy in our office for her work experience, here’s what she had to say: I do have an after school job but it’s a pretty relaxed job where I don’t have to be there on a set time or have a […]
Foreign Persons and Temporary Residents Purchase of Residential Land in New South Wales
Are you a foreign investor or temporary resident wishing to purchase residential property in Australia? If that is you, before making offers on properties, you need to determine not only whether you can purchase residential property in Australia but also what costs are involved. Foreign purchasers are generally prohibited from purchasing established dwellings, with exceptions. […]
First Home Buyers Choice
PROPERTY TAX IN PLACE OF TRANSFER DUTY (Stamp Duty) The First Home Buyers Choice (FHBC) is a significant change in NSW legislation for First Home Buyers, especially for purchasers that need to spend above the transfer exemption and concession thresholds. This will be welcome news in the Northern Rivers where the median price is high. […]
The Danger of Online Wills
In today’s environment, we have endless access to a vast amount of information via the internet. The Covid-19 pandemic accelerated demand for online services and drastically changed the environment for creating and signing documents digitally. However, when it comes to preparing and signing your Will, trading quality for costs and convenience wont always be in […]
Shared Equity Home Buyer Helper
Shared Equity Home Buyer Helper is a NSW Government initiative to help eligible home buyers purchase their own home with as little as a 2% deposit. Through Shared Equity Home Buyer Helper, the NSW Government is supporting and creating opportunities for lower income single parents, older singles and first home buyer workers to live in […]