Zoning Laws in New South Wales
2nd December, 2024 When it comes to purchasing property or planning a development in New South Wales (NSW), zoning laws play a critical role in shaping your investment. Whether you’re a first-time homebuyer, a developer, or simply looking to understand more about your local area, grasping zoning principles is essential for making informed decisions. What […]
Understanding Property Title Disputes in NSW
19th September, 2024 In New South Wales (NSW), property title disputes are a significant area of property law, often involving competing claims to real estate ownership. Under the Torrens Title System, New South Wales offers a strong framework for property registration, ensuring that property owners receive a secure and unchallengeable title. However, property title disputes […]
When Do You Need a Building Contract in NSW?
28th August 2024 Navigating construction projects in New South Wales (NSW) can be complex. Understanding when a building contract is necessary is crucial for a smooth process. This guide will help you determine when a building contract in NSW is required and why it’s important. In NSW, a building contract is necessary based on the […]
Understanding the Risks of Retirement Village Leasing
15th July 2024 Retirement villages offer a promise of peaceful living and a community-oriented lifestyle for many retirees. At Castrikum Adams Legal we are experienced in navigating these complexities to protect the rights of residents. A recent ABC article featuring Geoff Gauci’s experience at Lifestyle Communities in Melbourne highlights the significant challenges faced by residents […]
Understanding the Key Differences Between a Lease and a Licence
21st June, 2024 When it comes to using premises, both leases and licences offer ways to grant rights, but there are significant legal distinctions between the two that should be understood before entering an agreement. Lease Agreement: A lease provides a lessee with exclusive possession of a property for a specific period. Essential characteristics of a […]
Registering Commercial & Retail Leases on Title
8th September, 2023 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 […]
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 […]
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. […]