The drafting of a pre-emption clause and option to purchase in a lease was considered by the Court of Appeal. The tenant’s option to purchase had been exercised by Fitzroy Engineering Group Limited and Technix Group Limited was attempting to then exercise its right of pre-emption.
We have written previously about body corporate rules considered ultra vires by the Courts. Contracts entered into beyond the powers conferred by the body corporate rules will be void and unenforceable.
Real estate agents have commonly had their own form of tender conditions. The tender conditions were generally similar and most included terms of sale very close to the ADLS/REINZ form of agreement for sale and purchase. A new standard tender form is welcome.
The transfer of homes into trusts is common place. It is done every day. People do it to protect their assets, to create a distinction between the entity owning the significant assets and the person taking on board liabilities.
Look what has sneaked up on you just in time for Christmas.. Building (Exempt Building Work) Order 2010 amends Schedule 1 of the Building Act. This takes effect from 23 December 2010 – just in time for those summer projects!
Statute imposes specific obligations on how a power of attorney is to be signed and witnessed. In 2008 changes were made to the legislation that enabled the giving of enduring powers of attorney.