Foreign Investment Review Board – What a Foreign Buyer needs to know

Foreign Investment Review Board Approval (FIRB)- What you need to know when buying This applys to all Foreign Non Residents, as well as all Temporary Residents: They are Required to notify FIRB of any proposed acquisition of residential real estate and gain approval notice. Applications are required for a specific property, this means they can…

What you need to know when selling a tenanted property

When selling a rental property that has tenants in place a few extra steps need to be considered. Here are four things that sellers and agents can do to help minimise the chance of delays during settlement of a tenanted property. 1. Include a special condition on your offer and acceptance contract that clearly identifies…

Changing the Tenancy on your Title (Tenants in Common or Joint Tenants)

For a start what is the difference between Tenants in Common and Joint Tenants? Joint tenants possess a right of survivorship, that is, the interest of a deceased joint tenant passes to the surviving joint tenant(s). Tenants in common do not possess a right of survivorship and on their death their interest (a percentage or…