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COMMERCIAL LEASES | ADELAIDE CONVEYANCING

What is a commercial lease?  A commercial lease is a lease of commercial property and includes office space, industrial workshops and warehouses, retail shops (whether in they are in a shopping centre or not), storage sheds, working yards and other non-residential property. The lease is a legally binding document that gives you a right to…

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THE INS AND OUTS OF BUYING A COMMERCIAL PROPERTY IN SA

To assist you in buying commercial property in South Australia, I have set out below some matters to be considered by both vendors and purchasers. What is commercial property? To determine if a property is a commercial property, we must look at the Land Use Code provided by the State Valuation Office.   All property is…

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WHY DO I NEED A TAX DEPRECIATION SCHEDULE?

If you are buying an investment property then you should arrange for a tax depreciation schedule to be prepared for your accountant to get the tax benefits for your property. Mayssam Raslan from Key Property Inspections has written a detailed description as how a tax depreciation schedule can benefit you: Nearly 90% of people underestimate the…

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SEVEN QUESTIONS ABOUT CAVEATS

The term caveat derives from the Latin term ‘beware’, essentially it is a warning or caution. A caveat can be placed on a Certificate of Title to protect a person’s unregistered interest in that land. A mortgage agreement or a spouse’s interest in land are examples of this. A caveat can prevent any further dealings…

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HOW DO I SUBDIVIDE MY LAND?

How do I go about Subdividing my Land? This is a common question that we get from owners or purchasers of large blocks of land. Subdivision is the process of dividing your land into smaller blocks potentially maximising your profits and capitalizing on your investment. Subdividing your land can be a good idea but it…

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