Buying a property with quality defects – what are your rights?
Imagine moving into your newly purchased property only to discover a few months later that your dream home has a devastating termite infestation. What can you do about it? It might shock potential property purchasers to know that vendors do not have a positive obligation to point out quality defects if that defect is apparent […]
HOLIDAY LETTINGS UNLAWFUL IN SOME RESIDENTIAL AREAS
Investors may need to think twice before letting out their property for short term holiday lettings. A home owner on the NSW Central Coast was fed up with noisy parties next door. The house was let to short term tenants for parties, involving, “loud music, flashing lights, bucks and hens nights "(sometimes involving strippers, or […]
STRATA LAW – Court puts limit on insurer taking it to excess
The amount of the excess payable by an owners corporation when a claim is made on a home owner's warranty insurance policy in relation to common property building defects has now been determined by the courts in NSW. A recent court case establishes that when a claim is made by the owners corporation on the […]