Category: Commercial and Business Transactions

Material facts when selling a property

When selling your property there is an obligation to tell purchasers of material facts about the property. Broadly speaking a material fact is anything known by the seller about the property which might influence whether a purchaser would buy the property or not for that price. Examples of a material fact include defects discovered by …

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Get to know our Beck Legal team, one on one – Natalie Diener

  Natalie Diener is one of our most recent appointed Legal Associates and is an integral part of our Property Development team. Natalie joined the Beck Legal in 2019 as a final year law student, gaining valuable practical experience before becoming a Lawyer and permanent part of the Beck Legal team. What Nat loves most …

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Commercial Tenancy Relief Scheme

The Victorian Government has announced the reintroduction of Commercial Tenancy Relief Scheme for commercial Tenants and Landlords addressing the effects of Coronavirus lockdowns and making it a requirement for Landlords to provide relief to Tenants affected by Coronavirus. The legislation will soon be passed and be dated from 28 July 2021 to ensure rent relief …

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Rental Tenancy Act changes – Significant effects on buying and selling properties

Buying and Selling a Rental Property From 29 March 2021 changes to the Rental Tenancy Act (Act) have had impacts for when Rental Providers are selling their rental properties and purchasers intending for a property they are purchasing to be rented after settlement. The changes in the Act do not apply to existing rental agreements …

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New laws on contaminated land in Victoria

From 1 July 2021, new laws designed to prevent and reduce harm from pollution and waste, including circumstances where this has caused contamination of land and groundwater are coming into effect in Victoria. Contaminated land duties Two key new changes include the duty to notify and the duty to actively manage contaminated land. The duty …

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Material Facts Checklist

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Changes to Renting Laws

On 29 March 2021, new rental laws are coming into place which clarify the rights and responsibilities of renters and rental providers. Key changes for landlords Key changes for tenants If you require any further information about these changes, please contact the Beck Legal Property team on 54453333.

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The pitfalls of a DIY Will

Have you ever purchased flat pack furniture and realised the instructions are unclear or don’t cover every step required to build it, and you attempt to fix it and only make the problem worse? Well DIY Will kits are the same and can come with useless instructions that result in an half-finished inadequate document.  A …

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Disclosure of “Material Facts” When Selling Real Estate

On 1 March 2020 new disclosure obligations upon Vendors and their agents came into effect with changes to the Sale of Land Act 1962 (Vic) (Act). Vendors and their agents must now disclose “material facts” to interested parties during negotiations for the sale of real estate (Material Facts). New section 12(d) of the Sale of Land Act …

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New HomeBuilder Grants of $25,000 Announced

The Federal Government today announced a new stimulus package for the construction sector. Owner-occupiers who enter into a building contract to construct a new home or substantially renovate an existing home before 31 December 2020 may receive a HomeBuilder grant of $25,000.00. The value of the new home (including the land) must be $750,000 or …

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