Commercial Property Resources
Can you use property to secure a loan?
When a bank lends you money, they are taking a risk that you will not or cannot pay them back. To negate this risk, lender’s often ask for security orRead More
What is Vacant Possession?
Vacant possession means providing the purchaser with title to property free from any tenancy or physical impediment that may interfere with the purchaser’s enjoyment of the property. It is standardRead More
What is Rent Abatement?
Rent abatement is a lease incentive that can be included in both residential and commercial property leases. It facilitates a reduction in the rent that must be paid over theRead More
Legal Issues With Restaurant Leases
Signing a lease for your restaurant business is a major financial commitment. It is important to have a clear understanding of your rights and obligations before signing a lease. ThereRead More
What Is A Section 66W Certificate Used For?
In New South Wales (NSW), whether you buy or sell a property there is a five day cooling off period before the contract becomes binding. This is of course afterRead More
What Is A Licence Agreement Used For?
A licence agreement authorises a landlord to permit another party to occupy their property. This length of time is to be set and it is typically for a specific purpose.Read More
What is indefeasibility of title?
Indefeasibility of title occurs once you have registered your title with the NSW Land Registry Services (NSW LRS). After registering your interest, it gains the highest priority of ownership aboveRead More
How Can I Transfer or Assign a Commercial Lease?
In certain cases, a tenant can choose to exit their commercial lease prior to the end of their lease term by either transferring or assigning the lease to another party,Read More