A recent article in “The Age” dealt with situations where the reserve price of a property was higher than the advertising had suggested. This is a recurring issue for real estate agents.
Recent legislation covering renewable energy and other environmental issues has imposed new obligations and resultant costs on landlords in relation to retail centres.
For the first time in many years, the ACCC has recently, through both public media comment and legal action, signalled an increased focus on retail leasing and the behaviour of both landlords and tenants.
It has long been a debated topic whether or not estate agents are legally permitted to draft special conditions for a contract of sale. This is a matter that should not be taken lightly, particularly given that the maximum penalty for contravening the law is two years imprisonment.