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Commercial Property Resources
What is a Purchase Money Security Interest (PMSI)?
The Personal Property Securities Act 2009 (Cth) (PPSA) establishes a regime for secured parties to protect their security interests, and resolve priority disputes. Secured parties should register their interests onRead More
What Is a Surrender of Lease?
A surrender of lease is when the tenant and landlord agree to end the lease before the date the lease term expires. This agreement must be written in an officialRead More
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