by AlexanderDorrington | Sep 20, 2010 | General property Law, Unit Titles
Just what does happen to insurance money if your unit title is damaged and a claim is made on insurance? There is a statutory obligation on each body corporate to insure all buildings and other improvements for replacement value. The insurance must cover...
by Denise Marsden | Sep 20, 2010 | General property Law, Leasing
Can a lessor be made to review the rent? Under the modern standard form leases, yes they can. From the ADLS 4th edition (2002) lease onwards, the standard ADLS deed of lease allows either party to initiate a rent review. Those standard leases also...
by Debra Dorrington | Sep 13, 2010 | Sale and Purchase
Purchasers often nominate a third party to perform the obligations under an agreement for sale and purchase. They flag their intention to do so by using the words “and/or nominee” on the front of the agreement. The standard form agreement makes it clear that even...
by Denise Marsden | Sep 13, 2010 | General property Law, Subdivisions
Does land need to be insured? In most funding we do lenders do not insist on this. Most developers have contract works cover in place whilst involved in constructing infrastructure on the land (often through the contractors), but once...
by Denise Marsden | Aug 31, 2010 | General property Law, Unit Titles
This is a brief look at body corporate rules found to be ultra vires by the Court to date. Ultra vires is latin for "beyond the powers". These are body corporate rules that go beyond those allowed under the Unit Titles Act...
