Szabo & Associates News & Updates

The COVID-19 pandemic considerably impacted existing lease relationships between tenants and their landlords in Australia. COVID-19 Regulations introduced by the NSW Government provided some protections to commercial lease tenants, but as these are wound back, it is possible that there may be more commercial property lease disputes in the coming months.

If you are thinking of buying a property with a friend or partner there is a choice of the type of ownership. There are essentially two choices which are as Tenants in Common or as Joint Tenancy. There are important differences between them and it is important to understand the legal and financial effects, including estate planning, of these two ownership types. For example, a bank financing the transaction will need to know should there be a default by a party.

If you are thinking of buying a property with a friend or partner there is a choice of the type of ownership. There are essentially two choices which are as Tenants in Common or as Joint Tenancy. There are important differences between them and it is important to understand the legal and financial effects, including estate planning, of these two ownership types. For example, a bank financing the transaction will need to know should there be a default by a party.

A property settlement is the formal division of a couple’s assets following separation. It is important to be aware that time limits apply to getting these arrangements completed. Having a time limit on the process provides a degree of certainty that a former partner will not be pursuing claims some time later.

Regrettably, not all separations proceed amicably before the property settlement. You may have shared a family home with your partner but, for various reasons, your name may not be on the property’s title, and this is concerning you.