Types of Australian Real Estate Ownership
Acquiring real estate is generally considered a good career move and a wise financial investment. However, it can be problematic if you don’t get the necessary advice you need to make an informed decision! Types of Property Ownership in Australia There are 3 types of property ownership in Australia: 1. Sole ownership As the name […]
Purchase Money Security Interest (PMSI) under the PPSA
Purchase money security interest (‘PMSI’) – sounds ‘perfect’, doesn’t it? Priority rules decide which secured party ranks higher (and thus can be paid out first upon liquidating). The rules are mostly quite simple for perfected security– first in time, first in line – in most cases an earlier dated perfected registration beats a later one […]
What It Means to Enter Voluntary Administration
As of October 2019, the Australian Taxation Office (ATO) had an outstanding debt amounting to $45 billion. If government agencies can carry that much debt, of course, it can happen to businesses too. Other than entering into liquidation, what else can businesses do if they reach the point of not being able to pay back […]
5 Documents You Need to Start a Business
Starting a business is an exciting process that can lead to incredible experiences, high profits, and success. However, in order to bring your business idea to life, there are several key documents you’ll need to have ready. When it comes to the different types of business documents you need, which ones are vital to getting […]
What You Need to Know About the Code of Conduct for Commercial Tenancies
The Australian government just agreed on a mandatory Code of Conduct for commercial tenancies. Here are further details on what the Code means for small to medium-sized leasing businesses. Commencement and Expiry This Code comes into effect in all states and territories from a date following 3 April 2020 (being the date that National Cabinet […]
Coronavirus: A Pandemic’s Legal Implications for Commercial Contracts
Coronavirus Outbreak Starting from Wuhan, China in December 2019, Coronavirus (COVID -19) has now spread all over the world. The impact is horrendous – both from a well-being perspective and from an economic perspective. We are seeing an impact on airline companies, migration, retail shops, landlords, tenants, our stock markets and effectively all businesses. There […]
Do I Need an Immigration Lawyer to Apply for a Visa?
Immigration is increasing in Australia and continues increasing as the government creates more opportunities for immigrants to enter and live in the country. For example, 60 percent of residents in Melbourne are first- or second-generation immigrants. Do you want to move to the Land Down Under? While more immigration opportunities are opening up, immigrating to […]
A Seller’s Guide to Conveyancing in Victoria
Conveyancing is the transfer of legal ownership of a property from one person to another. It includes the preparation, verification, and lodgement of multiple documents. We at TNS Lawyers understand that for a first-time seller, meeting the requirements can be daunting and confusing. That is why we’ve come up with an easy-to-follow guide to the […]
Top 10 Tips to Ensure Successful Property Sale in Victoria
As one of the leading law firms specialising in property law in Melbourne, TNS Lawyers understands that when you sell a property, the last thing you need is for something to go wrong. For this reason, our property solicitors and conveyancers are experts in giving peace of mind to our clients by ensuring that any […]
Top 12 Tips on Retail Leases for Landlords
At TNS Lawyers, we are one of the Melbourne law firms that specialise in advising both landlords and tenants on retail leases. Here are our top ten tips on what you, as a landlord, need to consider when entering into a retail lease in Victoria. Tip No. 1: Check whether your premises are retail premises […]
Top 10 Tips on Retail Leases for Tenants
A retail lease is a retail premises lease used wholly or predominantly for the sale or hire of goods by retail or the retail provision of services. Generally, this is entered into through a “retail lease document” in which you as the lessee (or tenant) is given right to exclusive possession of retail premises in […]
Proceeding Commenced by Writ: What to Do When Served with a Statement of Claim
A Statement of Claim is the initial document, filed with a Court by a party making a claim (the Plaintiff) against another party (the Defendant) to commence court proceedings. Most commonly, statements of claim are served in person unless the claim is against a company – in which case it is served at the registered […]