Law that governs the various forms of ownership and tenancy in real property.
The tide has turned for citizens from nations once spared from surcharge duties and taxes on land purchases in NSW. Thanks to the introduction of new federal legislation, the validity of the imposition of surcharge duties and taxes by all state and territory bodies has been confirmed.
The Massachusetts Supreme Judicial Court recently examined whether the liquidated damages provision in a commercial lease (i) constituted an unenforceable penalty clause as opposed to a reasonable prediction of damages, and (ii) could be invalidated due to a party’s level of sophistication or lack thereof.
Victorian builders entering into major domestic building contracts must ensure the building work performed is adequately covered by domestic building insurance (DBI) or face strict new penalties.
While at first glance the Michigan Supreme Court case of Long Lake Township v. Maxon, appears to be a simple zoning dispute with a Fourth Amendment twist, the real impact of the case may ultimately fall on drones and air rights law.
In 2024, land acquisition in Victoria faces the impact of some notable tax changes which demand closer scrutiny from both vendors and purchasers. Navigating these tax intricacies will undoubtedly shape the success of your acquisitions and sales.
The reimbursement to a Swiss company by a Luxembourg company of the entire dividends received from a French company does not exclude the status of the beneficial owner and the exemption of the French witholding tax.
Many non-residents have retained property in France that they rent out -as non-professionals- during their absence. In many cases, the income they derive from this activity exceeds their other incomes in France, often non-existent as they carry out their professional activity abroad.
The opening of borders and the intensification of international economic relations lead to ever-increasing geographical mobility. Real estate transactions are not exempt from this phenomenon and increasingly involve an element of foreignness
The Landlord and Tenant Act 1954 entrenches an important principle that a qualifying tenant of a commercial premises is automatically entitled to a new lease, on the same terms once the contractual term has come to an end.
A lease agreement between a tenant and a landlord, need not be in writing, but if requested, the landlord must oblige, and the lease should be reduced to writing. The safest option would definitely be to reduce the terms and conditions to writing.