wilson,

There is no mandatory disclosure of building defects – these are discoverable. Mandatory disclosure only relates to violent crimes, murders and the like which have occurred in the premises.

The question has to be asked as to why your friend, clearly not an expert in building matters, did not follow his solicitor's advice to get a building and pest inspection – pretty cheap insurance at less than $500 compared to the hundreds of thousands dollars now.

Even if the termites were active a year ago, leaving them for that length of time and not noticing activity would lead to a serious building problem which is not covered by insurance or legal liability.

Is there any way that you can claim/prove that you were living at the house as your ppor?

Probably the REI but it may depend upon the area that you cover eg Sydney metro, Hunter, Illawarra etc so you would need to check if they have members in your target area or if it goes to all members.

Look up any of Prof Norman Harker’s dcf or irr work with the excel forums. His stuff is very well recognised.

I always work on the premise that if it hasn’t hit my account ie on the june statement, I haven’t received it.

Why?

It doesn’t affect what price they will sell to you.

or spontaneously self-combust.

in NSW, stratum title permits the developer or owner of the entire stratum to further develop & subdivide within that stratum. Eg a development may comprise a retail/commercial stratum with individually titled suites & parking then a separate stratum with its own strata plan for units all located above/adjacent to the shops.

The only commonality being access for services & possibly some doorways joining the two stratum. There may also be some bylaws which allow access, cleaning of common area etc.
…….

1 Fitout period is usually shorter than a negotiated rent free. What incentives have you agreed?

2 a gross lease includes outgoings – you have no control over o/g increases on a net lease

3 what rent review mechanisms apply?

4 insurance provisions?

5 make good requirements?

6 guarantees? Security bond?

Need I go on?

Are you convinced this is still a good deal? or back to the negotiating table?

Rrrreoww ! No cat fights please…