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THE INS AND OUTS OF BUYING A COMMERCIAL PROPERTY

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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THREE THINGS TO CONSIDER WHEN BUYING A TOWN HOUSE OR AN APARTMENT IN SA

If you are buying a townhouse or an apartment in South Australia then you will need to consider a few things that are different to purchasing a house. Any new development built since 1996 is called a Community or Community Strata Corporation. Prior to that all units/townhouses etc were known as Strata Corporations. See: What 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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TOP TIPS TO GET YOUR PROPERTY READY FOR SALE – GUEST BLOG

As a conveyancer we mainly deal with the legal documentation and not what is actually involved directly in the sale process and getting a property for sale. Sally Luke from Luke and Associates Real Estate has been kind enough to out some tips together for this blog.  These tips just might help you get that…

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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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