Contracts for Sole Traders: Essential Do’s and Don’ts
2nd September 2024 As a sole trader in NSW, Australia, a well-drafted contract is essential for safeguarding your business and clarifying expectations. Whether you’re a freelancer, consultant, contractor, or creative professional, a solid contract clearly defines the terms of your work and protects your rights. It also helps minimise the risk of disputes. Below […]
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 […]
Dealing with Strata Disputes
10th May, 2024 Dealing with strata disputes in New South Wales (NSW) can be complex, but understanding the process can help you navigate through it efficiently. Strata disputes involve disagreements between owners of lots in a strata scheme, the owners corporation (previously known as ‘body corporate’), strata committee, managing agent, building manager, or other interested […]
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. […]