Get the STO to put it in WRITING.Failing that, see if you can have a new contract issued so as to avoid that pesky 2 x tax.

Friends and business do NOT mix!If you must, make sure that you are able to strata title the different buildings or set up a company that issues shares. Each property has a share that entitles EXCLUSIVE rights to that part of the larger property.Remember, if you with to sell later on and they other party does not wish to or is anable to, you will…[Read more]

Greysoneline.com.au

Every agent is under a legal obligation to submit EVERY offer so do not take what the agents says "too low and offer". Write it up and submit a modest deposit ($1).Sit down WITH the seller (not the agent) and find out what their selling motivation is; do they need CASH TODAY?I would include a special clause to the effect that the offer is open…[Read more]

Try giving him 2 checques on settlement, clearly showing what each cheque is for as part of the total price. You 'may' then be able to claim the stamp duty as a legit tax expense.

As the NRAS payment runs with the property, it should be considered as part of the income for that propety.I would approach the professional body that looks after valuers and suggest that they reconsider their advice to their members.It is not logical to fail to take into account a guaranteed income stream on that property, especiallly as it is…[Read more]

Try the follow:1. Claim 'Mistake' under contract law.2. You have a clause in the contract "subject to finace acceptable to the buyer"?3. You should also try the Trade Practices Act for "misleading and decptive conduct"4. Claim against he seller for a reduction in price of 15.5% as it does not confirm to what you agreed upon: 37+sm's5. Claim your…[Read more]

1. Sell it direct to the builder with the condition that he does all the leg work and pays the fees and expenses up front.OR 2. You can go into partnership with him and divide the property at the point of sale to a 3rd party. What you are selling is an 'option to purchase' for a non refundable price for a set period (say 6-9 months). Make sure t…[Read more]

I suggest that you mak ethe application BEFORE he returns to AU, that way he can prove his income from his present employer….hard but much easier than with no provable income or credit rating in AU.As for using the entire nest egg in one basket…think again…see if you can buy several smaller investments properties using the min bank…[Read more]

The Trustee can distribute the funds as income or capital or as a loan. Check what is allowed in the trust deed. If its not what you want, check to see if you can amend the trust deed to achieve the ends you want. 

Try buying POSITIVE geared property…more income=more profit; pay SO much tax that you are filthy rich.If that fails to flaot your boat, buy a super fund for yourself….much better to pay into an account that you will get back rather than pay it to the ATO.

Chase the insurance to start with (with luck, you will get the cost of replacement and lost rent, for up to 12 months in some cases).Lodge a claim re returned bond without your authorisation against the RE agent.Lodge a complaint with the state RE Institute (they control the registration of selling agents and property managers.Lodge a claim with…[Read more]

http://en.wikipedia.org/wiki/Air_rightshttp://www.rudeegraap.com/2010/07/23/air-estate-agents-selling-air-space/http://182.50.134.237/question/can_anyone_buy_airspace.htmlThink of 'easements' as well.Cheers

They call it STRATA TITLE

Not sure of your full relationship with your legal rep but my understanding is the following.
1. Unless there are any exit/out clauses in the contract, he will
a. Loose his deposit, and/or
b. Be required to complete the sale. You will need to get your legal rep to send a Notice to Complete (the sale) to the buyer (by registered mail of…[Read more]

How would you fair if the market in your area DROPPED 5%? Do you have the funds to cover any margin call by the banks (unlikely but possible).
What is the outlook for the area over the next 3-6 months?
If you sold, where else could you invest in an UPWARDS market (Perth at 30%+ in a lot of areas)? Move sideways to go UP! [strum]

Stay calm and try and discuss the issue with him. HOWEVER, if (IF) it can be established that the roots from your tree has ‘escaped’ from your property, then you WILL be held liable for any and all damaged caused.
Here in NSW, any tree over 30 feet can only be cut down with council approval; large fines will be incurred by you if you cut it down…[Read more]

Not as a general rule. They are placed on the property to ensure that access is always available for sewers, right of ways, power etc.
Were you aware that the property had an easement when you did your property search?

Ring up each Bank and ask for their mortgage department and ask for some to assist you with Mortgagee in possession properties.

Making the $50 a penality is NOT legal BUT you can reverse it. ie. The notional rent is $240 per week but you will offer a discount of $50 per week IF it is paid/recieved/cleared by the due date.