Blog
Category: Commercial & Business Law
Should a trust deed have a power to vary its provisions?
It is common to find that, over time, the terms of a Trust may need to be updated or revised, usually because of changes to the law, including tax and duty laws. Not having a power to vary the terms of a Trust can have significant issues and create unnecessary financial impositions.
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7 tips when preparing your business for sale
Thoroughly preparing your business for sale will save you time, frustration and often, money, when it comes time to progress and finalise the transaction. There are some key issues to consider when selling a business and, in this blog, we highlight our top 7 tips.
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Does my commercial lease need to be registered on title?
Registration of a lease refers to the process of formally recording the lease on the title of the landlord’s property and noting on title that the tenant has an interest in the property under the terms of the lease. It’s an important step in protecting the interests of both parties.
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Crown Land leases and subleases NSW
If you have a Crown Land lease, there are also options to sublease that land. In this article, we explore what land is owned by Crown Land, Crown Land lease applications and subleases under a Crown Land lease.
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Terminating a retail or commercial lease early
If a lessee wants to get out of a retail or commercial lease early, then it is not a simple matter of returning the keys to the lessor and walking away. Learn more about your rights and obligations.
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Exercising an option under a retail or commercial lease
If a retail or commercial lease includes an option period, it typically will require that the Lessee exercise their option if they intend to renew the lease. The option period does not automatically renew.
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Electronic witnessing of legal documents is here to stay
The remote witnessing of important legal documents such as Wills, Statutory Declarations and Affidavits over audio-visual link technology is now here to stay in NSW!
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What is a shareholders agreement and should my company have one?
A shareholders agreement is a company document which sets out what shareholders can and cannot do, together with the rights and obligations of the role of shareholder.
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Land tax liability when property is held in a trust
If property is held in a trust, then depending on the type of trust, there are different rules and requirements in respect of how land tax is treated.
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Who pays land tax and how is it calculated?
Many people have received correspondence from Revenue NSW with an invoice for multiples years of land tax because they did not know they were liable for land tax and had not registered. Find out if you have to pay and how much you might have to pay.
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NSW regulations for commercial leases during COVID-19. Landlord and tenant obligations and rights.
We previously wrote about commercial leases and the Federal Government Code of Conduct, back in April 2020. Since that time, the NSW State Government has passed its legislation which supports the code for NSW lease transactions.
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Is land tax to replace stamp duty in NSW?
It is very interesting to hear that the New South Wales State government is considering the abolition of stamp duty. What might this look like and will it actually happen?
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