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In a perfect world, both landlord and tenant follow the lease agreement to a T. In reality, this is not always the case. So what can you do when reality strikes? What are the common causes of leasing disputes? Both landlords and tenants can be guilty of starting a disagreement or dispute. It’s important to
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Generally, the deposit is approximately 10% of the purchase price and is paid immediately or as specified when you sign the contract of sale. The deposit will generally remain in trust until settlement or once the property transaction is completed unless a section 27 release is served. There are instances when the vendor will want
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The definition of when a company goes insolvent is when it is unable to pay its debts as they fall due. The Corporations Act 2001 has an ambiguous definition of insolvency. Under the Corporations Act, it does not include all the examples of what it means when you are unable to pay your debt as
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Legal professionals often use jargon or technical terms, so it can take a while for both clients and lawyers to be on the same page.  If the client is a larger business, the directors may already understand the legal process courtesy of either an in-house counsel or just going through court in the process of
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In Australia, business entities and companies, are generally governed by the Corporations Act 2001 (the Act). One of the Act’s primary purposes is to set out the obligations of the company, its executives, and its members. A breach of these duties could result in civil liability, and in some instances, criminal penalties. What is insolvent
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