Property & Leasing
Housing affordability is one of the biggest issues facing young people in today’s society with many first home buyers ‘locked out’ of the property market due to a decline in housing affordability. In a push to make housing more affordable for Victorians, the government has made changes to the First Home Owner Grant and stamp duty. This article explains how this will affect you.
The Australian Competition and Consumer Commission (ACCC) has announced it will be fighting tooth and nail in 2017 – demanding higher penalties, confronting the market leaders and defending small businesses against unfair standard form contracts. Investigations are underway and the ACCC will be taking enforcement action this year against numerous companies for unfair terms in business-to-business standard form contracts.
The saying that God is in the detail is particularly applicable in this case. Details do matter and in this case, failing to comply with the plain and clear details of the Sale Contract and making the assumption that “GST” was the same as “plus GST” cost the vendor $290,000.
There has been a gradual broadening of leases that fall within the definition of “retail” under the Retail Leases Act 2003 (Vic) (RLA). It is important that you understand your rights and obligations under these revisions. For many there is still confusion as to whether or not the RLA applies to various leases where the permitted use is for services.