Over the course of a project things can change. These changes may count as a ‘material change’ rendering the Disclosure Statement inaccurate or incomplete. Where this happens, the seller must notify the buyer by giving the buyer a Disclosure Update Notice (DUN) setting out the details of the change to a matter set out in […]
Disclosure statements have been a feature of Contracts for Sale for several years now. Recent legislative reform introduces new requirements for Disclosure Statements (DS) for Off-the-Plan contracts. The new DS will need to include a broad cross section of information including information relating to the unit, entitlement, any subsidiaries, the proposed OC rules and the […]
In response to the impact of COVID-19, measures for tenants in relation to leasing were implemented under the Mandatory Code of Conduct – SME Commercial Leasing Principles During COVID-19. The Code of Conduct applied to some leases covered by the Leases (Commercial and Retail) Act 2001 (ACT), preventing Landowners from taking action against Tenants for […]
As part of the reform of legislation affecting property development in the ACT, increased disclosure requirements have been introduced for adaptable housing dwellings in multi-unit developments, both class A and class B units, whether they are off-the-plan or newly built. These are often referred to as “adaptable housing units”. Wait, what reforms, you ask? These […]
The ACT land titles system had a makeover this year. Of particular importance are the strict identity verification requirements that came into effect as of 1 September 2020. As of 1 September, lawyers and banks are required to complete a new verification and authorisation procedure. We must verify the identity of our clients and coordinate […]
The Unit Titles Legislation Amendment Act 2020 (the UTLAA) aims to address the issue of mixed-use development in the ACT not receiving adequately support by existing legislation, regulations and codes. With 113 pages of amendments to 13 different legislative instruments, the UTLAA covers a lot of ground. The UTLAA was notified in February 2020 indicating […]
Ready for Adventure? We are looking for a likeminded person to join the Morris Legal Group team in this new role as Concierge & Communications Guru. Our business continues to experience growth and we are looking for someone to help us serve our wonderful clients promptly, with care and enthusiasm. If you’re right for this […]
The HomeBuilder scheme has been updated with additional information published on 13 August 2020. This article provides a summary of the updated information and a complete overview of the scheme as it now stands. What are the HomeBuilder updates? As promised, the HomeBuilder scheme is now available for off-the-plan purchases. The ACT Revenue Office is […]
Ready for Adventure? We are looking for a likeminded person to join the Morris Legal Group team in an administration / conveyancing / paralegal role working closely with our Director and Canberra-based conveyancing team. Our conveyancing practice has grown exponentially this year and we are looking for someone to help us serve our wonderful clients […]
The ACT Government announced a recovery package for the construction sector to boost activity after the impact of COVID-19. It aims to encourage projects that are able to progress to commence construction by 31 March 2021. There is a Lease Variation Charge Remission Package available that reduces the Lease Variation Charge by up to 50%, […]
