Release of Deposit

Release of Deposit

In the sale of residential and commercial land in New South Wales, it is common for vendors to insert a special condition into the contract which allows for the deposit to be accessed earlier by the vendor. This is known as a Release of Deposit clause. Although it is common, a Release of Deposit clause... Read More
5 Costs to Factor in When Buying a Home

5 Costs to Factor in When Buying a Home

Etheringtons Solicitors Note: In June 2022, the NSW Government announced legislation to reform transfer duty within NSW, moving to an ‘annual property tax’ system. These changes will take place over a number of years. For more information, click here. If you are currently in the process of buying, looking or saving for a house, there... Read More
Security for Leases – 3 Most Common Forms

Security for Leases – 3 Most Common Forms

What is a Security? Landlords typically ask for payment of ‘security’ when you first enter your lease. The security is an amount – usually 4 or more weeks’ rent – to cover any extra expenses should you break the terms of the lease agreement. For example, if the property is unreasonably dirty when you leave,... Read More