Categories for Conditions

New Joint Form of General Conditions-2018

2/12/2018
Written by

REIWA are updating their 2011 Standard General Conditions that accompany their Offer and Acceptance Contracts. As of 13/2/18 we are advised the New 2018 Joint Form of General Conditions will be made available from their REIWA office or by license from PrintForce. REIWA are offering courses for the Real Estate industry to update themselves on the changes; Understand how the changes to JFGC will impact the following: Final inspections, the rectification of defects before settlement and the ramifications of unrepaired...

Non-Compliant Building Work?

24/10/2018
Written by

Are your Clients protected against the risk of Non-Compliant Building Work? By Paul Watkins,  General Counsel, Australia  Stewart TitleThe enforcement powers of Local Authorities to issue building notices and building orders for unapproved building work is a risk which is well known among settlement agents in Western Australia. However, the issue of non-compliant building work also poses a significant risk, particularly as purchasers and their settlements agents may be lulled into a false sense of security if the Orders & Requisitions...

Changes to REIWA General Conditions in 2018

21/2/2018
Written by

Some highlighted changes to the 2018 version of Joint Form of General Conditions (JFGC), might mean that you could see some differences to the 2011 JFGC. Please note, we are not lawyers and are merely relaying some discussions as generically covered in an industry forum. The biggest concern was the ‘Lawyers picnic’ referenced as clause 9.3, where opposing lawyers could argue just about any outcome they desired, for a breach of warranty. Service by email still needed to be ‘signed’...

Landlords lose thousands in tax savings in new bill

28/11/2017
Written by

Landlords lose thousands in tax savings in new bill  Melissa Browne I love a good game of diversion. It’s always interesting to look at the bills passed on days where there are other big announcements happening or on a Friday afternoon when we’re deep in our second wine after a big week.It’s no surprise therefore, that a bill slipped through unobtrusively on November 15 when the nation was focussed on the result of the same-sex marriage survey. However, many Australians...