I am really sorry to hear what is happening to you.

I think the solicitor or the conveyancer should go through all the easements on the title with the client. As a precaution a lot of solicitors make the purchaser sign the page of the contract where the easement is shown just in case they can be liable. Some vendor solicitors disclose this in the…[Read more]

Speaking from my personal experience, I was encountering problems obtaining visa in Chinaand the school that I was enrolled was very uncooperative to give me a letter to give me a letter for a re-entry visa. My friend who had a little knowledge of Feng Shui, told me to change the direction my bed was facing, and you know the next thing, the…[Read more]

Just wondering, what is not a “special trust”?

If the trust is not classifed as a special trust, I believe that it can certainly get the land tax threshold?

There are gazillions types of trusts out there, surely there must be something that is not a special trust.

Any ideas?

I agree with Simon completely.

My managed fund which my parents started contributing in 1990, has not increased at all. For first 10 years it was less than what they contributed because the financial planner was taking his big chunk of commission. So be careful of managed funds. Check all the fees involved.

First, reduce your non deductible…[Read more]

I am not really sure about laws in WA, but in general, you cannot claim anything unless you have suffered a loss as a consequence of the delay. For example, you have your tenants to move in organised but cannot let them in and you have to compensate them etc or extra legal fees that you had to pay as a consequences of the dealy. If there is no…[Read more]

I was working for a client on a sale and the bank could not locate it.
After few frantic calls by both the vendor and solicitor to the bank, the bank located that they did not retrieve the title from Land Titles Office in 1997 when they were registering their mortgage. This took them 8weeks to figure out!!! Had the contract been a normal 6week…[Read more]

Ask your solicitor or conveyancer and they should be willing to organise it for you.

I use M & M Pest Inspections and Superior Building Inspectors in Sydney and they give good detailed report within 3 days, sometimes in two days if requested. They do reports for all around Sydney.

I’ve read a case where a lady was taking care of an old man, no de facto relationship, and she was left with nothing under his will. She did not challenge the will, but because the beneficiaries wanted to kick her out and sell the property she went to court and obtained life time interest or something like that on the basis that she did take care…[Read more]

I do a lot of conveyancing for a sole practitioner in eastern suburbs in Sydney and from experience, you basically get what you pay for. Even as a first year solicitor myself, dealing with conveyancers, conveyancing clerks and/or solicitors, there are competent and non competent ones. What you really need to find is someone who will run that extra…[Read more]

I looked through the contract myself for a sunset clause but I couldn’t find it.

The contract has to be completed by 3years and 5 months after the signing of the contract which is Feb-March 2007.

But they haven’t started building yet…

There is also a clause where if the Vendor cannot raise enough finance by 30 June 2004, they can terminate…[Read more]

I wouldn’t mind an informal meeting in 29th at Petersham RSL.

Pretty flexible with time.

So no meeting for January or a meeting scheduled for 29 January as well as 26 February?

Thanks for organising it guys.

I’ll see you there

I’ll be there too.

I never have showers.

I always soak in hot/warm/lukewarm baths depending on how I feel. If a property does not have a bath tub it is a turn off….but if this boils down to question of money (cheaper rent) I can do without a bath tub.

Hi

There are many good books out there if you can find them. The question is how financially literate are you. Depending on your level of literacy, and your knowledge of ancillary topics good books may vary.

For example, when I read Steve’s first book I was impressed. I thought it was a good book because it was very different from what I had…[Read more]

I wouldn’t put my spare cash into super. If the stock market crashes, then your captial in super is lost.

When I did not have a job for two years my meagre super of $50.00 was eaten by all fees because in small print it said that they were allowed to charge administrative fee of $10-15 per year or something even though the government said that…[Read more]

Hi,

I had one of my clients referred to ech**** by Citibank to organise her deposit bond for a purchase three months ago and they were terrible to deal with. They did not know what they were doing and it took them almost three weeks to get the deposit bond organised, and our client was damn worried she might lose the property all during that…[Read more]

Hi,

I hope you don’t mind if I attend on the 16th October @ Petersham RSL even if I haven’t attended any of the previous meetings.

I am interested in property and trying to find ways to find more freedom in my life as well as contributing to society if my investment plan flourishes.

At the moment, even though I do not own property, I am looking…[Read more]

If you are in NSW, as a purchaser you have no remedy if the Vendor delays settlement for a few days.

If the Vendor delays settlement fo more than 14 days you can serve a notice to complete making completion a time of essence and then terminate the Contract.