by Tiffany Mechkaroff | Feb 19, 2024 | Building & Construction, Business & Private Advisory, Commercial Law, Dispute Resolution, Employment Law, Estate Planning & Wealth Protection, Family Law, Family Law Succession Planning, Motorsport, Private Wealth, Property Development, Property Law, Sport, Structured Finance and Investment
The International Lawyers Network (ILN) announces its continued distinction as a ‘Band 1 Leading Law Firm Network’ in the Global Market Leaders Guide for Chambers 2024 Global Guide. This esteemed recognition highlights the ILN’s unwavering dedication...
by Tiffany Mechkaroff | Feb 13, 2024 | Building & Construction, Property Development, Property Law
Many of Victoria’s major apartment developers have cancelled more projects than they have started, because something is seriously wrong with the property industry. Labour shortages, escalating construction costs, increased funding costs, builder insolvencies and...
by Tiffany Mechkaroff | Dec 7, 2023 | Property Development, Property Law
It will soon be an offence to apportion land tax and WGT to purchasers. In October 2023, the State Taxation Act and Other Acts Amendment Bill 2023 (‘Bill’) was introduced to the Victorian Parliament which proposed several changes relating to State property taxes ....
by Tiffany Mechkaroff | Aug 14, 2023 | Building & Construction, Property Development, Property Law
The KKI Property team are thrilled to have been awarded ‘Property Team of the Year’ at the prestigious Australian Law Awards. In a year which has been so challenging for the Property industry, Partner Henry Kalus reflects that winning this award is...
by Tiffany Mechkaroff | Apr 17, 2023 | Property Development, Property Law
A restrictive covenant is an agreement between a property owner and another party, which limits the way land can be used and/or developed. There must be “burdened land” (the land that is restricted by the covenant) and “benefitting land” (the land that enjoys the...
by Tiffany Mechkaroff | Mar 26, 2023 | Property Development, Property Law
An easement is an encumbrance (restriction) on land which gives someone the right to use land belonging to someone else for a specific purpose. An easement typically encumbers one property (the servient tenement) for the benefit of another property (the dominant...
by Tiffany Mechkaroff | Feb 26, 2023 | Property Law
The purpose of a purchaser’s final inspection is to ensure that the property is in the same condition as at the day of sale, subject to fair wear and tear. The day of sale is the date that the contract was signed by both parties. During a final inspection (which is...
by Tiffany Mechkaroff | Dec 18, 2022 | Property Law
If buyer’s remorse sets in, a purchaser has ‘3 clear business days’ from the date the purchaser signs the contract of sale to cool-off. BUT – don’t assume that cooling off rights are always available. Cooling off rights do not apply if: the purchaser purchased...
by Tiffany Mechkaroff | Nov 7, 2022 | Property Development, Property Law
Property developers relying on artist impressions and marketing materials to sell off-the-plan developments, may find themselves in hot water after a recent decision in the Federal Court. The decision in Ripani v Century Legend [2022] FCA 242 raises concerns for a...
by Tiffany Mechkaroff | Oct 25, 2022 | Property Law
What scary secrets does your house hold that need to be disclosed? In March 2020, a change to the Sale of Land Act 1962 (the Act) came into effect which requires vendors and agents to not knowingly conceal any material facts from a prospective buyer when selling a...
by Tiffany Mechkaroff | Oct 3, 2022 | Property Law
Retail landlords and property managers take note that with effect from 1 December 2022, there are prescribed changes to the following disclosure statements. These have been made to rectify inconsistences between the prescribed disclosure statements and the 2020...
by Tiffany Mechkaroff | Aug 8, 2022 | Property Development, Property Law
The NSW Government recently introduced changes to its stamp duty regime which allows first home buyers to choose whether to pay stamp duty or pay (on an indefinite basis) an annual land tax at a rate of $400 per year plus 0.3% of the land value. That’s right,...