After entering into a lease contract for a cold storage facility in 2012, a dispute arose between the tenant and the landlord. The issue was whether or not the lease was considered to be a “retail lease” based on the permitted use. Initially, the facility was found not to be a retail premises. This decision was overturned and then revisited on appeal. We review the decision handed down on appeal and the implications for tenants and landlords.
Earlier this year, the NSW parliament passed legislation to change the Retail Leases Act 1994. The updated legislation will take effect on 1 July 2017 and will introduce significant reforms to the Retail Leases Act that will affect landlords and tenants of retail premises in NSW.
Victorian couples contemplating altering their property holdings between themselves must act quickly to avoid paying stamp duty. These changes were announced in the Victorian State Budget and will come into effect on July 1, 2017.
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.