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Posts by Sera Porto-Drew

Landlord obligations in retail and commercial leases

  Landlords enjoy receipt of rent as a result of their ownership of property.   At the same time, Landlords are required to meet certain responsibilities including maintaining the following to be in the same condition as the premises were in when the lease was entered into:   the structure of the premises, such as…

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Owners Corporation vs Lot Owners – Pay OC Levies!

It has been said that Non-payment of Owners Corporation levies is quite common in Victoria, according to specialists in Owners Corporation law. Some Owners Corporation Managers have been engaging the services of debt collection companies to send letters of demand chasing payment of the Owners Corporation levies, when lot owners do not pay their fee…

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The Victorian Government is set to increase stamp duty from 3% to 7% for foreigners purchasing land in Victoria

A recent article from “The Real Estate Conversation” (**see  link below for the article) discusses the Victoria Government’s intention to increase stamp duty from the current 3% to 7% payable by foreign purchasers of  Victorian land from 1 July 2016. What does this mean for overseas investors? For more information, contact Sera Porto-Drew or Van Hang from…

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Why should you have a Will?

Every adult should have one! It should be updated when your circumstances change, eg, marriage, divorce and children. It is so important not to put it in the “too hard basket” or think you can leave it until later…it just won’t get done!! Here are some reasons why you should make a Will: You don’t…

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