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The Mandatory Code of Conduct – SME Commercial Leasing Principles During COVID -19 (the Code of Conduct) has been conceived and published by the National Cabinet.

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Not all Leases are created equal. The Code of Conduct has been implemented to assist Landowners and their affected Tenants navigate the process of negotiating alternative rent arrangements.

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Electronic contracts and electronic signatures are generally accepted as giving rise to binding contracts at law, where used appropriately. E-commerce is supported by the Electronic Transactions Acts in all States and Territories, however electronic contracts arise and are binding even without the support of these laws.

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In order to be valid and binding, certain documents must be executed under the hand of a person, in ink and on paper, and witnessed by another person signing in the same way at the same time.

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Property in the ACT is owned and leased by the Commonwealth under the management of the ACT Government. Property operates under long term leases called ‘Crown leases’ which are typically granted for 99 years.

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What to expect when you’re selling at auction

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What to expect when you’re selling a property

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What to expect when you’re buying at auction

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What to expect when you’re buying a property

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What to expect when you’re buying off the plan

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When purchasing a property in the ACT, every Buyer is entitled to a “Cooling Off Period”. A Cooling Off Period is exactly what is says on the box: a time for the Buyer to cool off and think about whether they want to (and can) proceed with the purchase of a property, once Contracts for Sale have exchanged.

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Adjustments refers to the ‘splitting’ of the costs of certain land charges on a property, such as rates, land tax, water charges and body corporate levies. The process ensures that neither the Buyer nor Seller are paying for these charges when they did not own the property

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Complete your Wills Fact Finder and return to us to book your complimentary estate planning strategy session.

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