UNIT BUYERS BEWARE

From today 01 August 2013, amendments to the Body Corporate and Community Management Act 1997 (BCCM Act) take effect. Buyers will now need to conduct more thorough due diligence because sellers are no longer required to provide: • a copy of the Community Management...

PROPERTY INVESTMENT SPRUIKER SCAMS

Despite repeated ‘in your face’ warnings to seek independent valuation, investment & legal advice, there seems a ready supply of ‘suckers’ available for plucking by shoddy spruikers selling overpriced units/ townhouses promising returns that are usually not...

MANAGEMENT RIGHTS (& WRONGS) REVIEW

QLD has an obsession for a “paper tenure” that can turn as toxic as GFC derivatives.  A body corporate investment can mutate into a living hell when disputes between managers and unit owners arise. These property rights emerged in the 1970s as a fledgling cottage...

RETAIL SHOP LEASE CHANGES 2011

The year starts with significant changes impacting all leases falling under the Retail Shop Leases Act, 1) new lessor disclosure requirements and, 2) ratchet clauses to be outlawed again. Lessor Disclosure Requirements QLD, NSW & VIC have got together to...