Real Estate and Projects (37)

Vendor’s should check any Agency Agreements entered into from late February 2011 for an additional clause which requires vendor’s to pay the agent’s commission in circumstances where the purchaser defaults and the sale does not proceed.

In the recent NSW case of Lianghong Mei v West Apartments Pty Ltd [2011] NSWSC 662, Gzell J dealt with a vendor seeking to rely on an expiration of time to terminate a contract.

Following a case heard by the Supreme Court of Queensland, Vendor’s should be aware of when therisk for dwelling houses which have become substantially unfit for occupation, for example as a result of natural disasters such as the recent Queensland floods,passes to the purchaser.

As a result of the commencement of the Disability (Access to Premises_ – Buildings) Standards and the simultaneous amendments to the Building Code of Australia from 1 May 2011 increased obligations can arise for building owners and occupiers carrying out building work (or applying for a construction certificate or complying development certificate after 1 May 2011) to meet disability access standards.

A stamp duty by any other name.

The recent decision of the Federal Court of Australia in Australian Competition and Consumer Commission (ACCC) v Dukemaster Pty Ltd [2009] FCA 682 is the first time that a landlord under a retail lease has been found to have engaged in conduct that was unconscionable in contravention of section 51AC of the Trade Practices Act 1974 (Cth) (TPA).

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