Cordato Partners Lawyers - Business Property & Tourism Lawyers

Do you own rental property in NSW? Find out how the new rental laws will limit how often the rent can be increased, require a good reason for all evictions and streamline pet approvals. Spoiler alert – no rent caps are imposed (it’s not Victoria!) See my article

Who pays when water runoff causes damage? Is it the landowner because their water causes the damage? Or is it the neighbour, if the landowner has done all they could to stop the water? See my latest article

There is a right way and a wrong way for a business to cancel bookings. Qantas did it the wrong way. They accepted bookings for cancelled flights. They told no-one the flights were cancelled for days. They were fined $100m and paid $20m compensation. See my latest article.

Imagine if you pay for a new house and find out that the title cannot be put into your name because no-one noticed a caveat on the title – this article tells the story.

Investment properties are not forever properties. There will be a time to sell. ·??????Is it after 2 years, 5 years, 10 years, or more? ·??????Is it when you have doubled, tripled or made 5 times your investment? ·??????Is it when a better investment opportunity come along? You need an exit strategy to decide. ? See more on my latest video:

How to avoid land tax traps If you own investment property, look out for land tax. In this video, Peter and Tony discuss land tax and suggest two methods of avoiding land tax traps. ·??????The first is to diversify your property portfolio across more than one State. ·??????The second is to increase rentals by investing in multiple tenancy. Watch my video to find out more

How does property conveyancing work? The legal process to transfer real estate is called property conveyancing. Conveyancing starts with signing a Contract for Sale. Later, when the property lawyer / conveyancer / settlement agent are satisfied, settlement takes place on an electronic platform called PEXA. At settlement, the title is locked for 15 minutes, the transfer of title and mortgage are checked, and finally the money is transferred digitally to the vendor and their bank. Peter and Tony discuss how much better electronic conveyancing is, compared with traditional Certificates of Title. Watch my video to find out more

Home Loans - Five Red Flags for borrowers Peter and Tony discuss the Five Red Flags borrowers to avoid when making a loan application. Red Flag #1 Stability of residency, stability of income Red Flag #2 Credit Card Churning, car loans Red Flag #3 Late Repayments Red Flag #4 Unpaid Debts Red Flag #5 Multiple Loan Applications Watch my video to find out more

Why is buying off the plan not set and forget? The reason is that no lender will provide a loan approval until the home unit or townhouse is built (or land is subdivided). The risk is that when the building is finished, the property valuation might be less than the Contract price and the loan is not high enough to fund the price. In this video, Peter and Tony discuss how off the plan purchases work and back-up plans to have enough money for settlement. ?

A strata Insurance payout is not a free gift. The insurer will increase the premium the next year to recover the payout. See my latest article where the premium was increased by 80% after the payout.