Queensland Vendor Finance Lawyer

  For some people who are about to embark on divorce proceedings, they may assume their lawyer is only crucial for court representation. In reality, the dissolution of marriage is a process that comprises numerous moving parts. Thus, your divorce lawyer will have additional responsibilities other than simply being your court representative. Some of the roles that they take on by becoming your lawyer can include being your counselor, your bookkeeper, your detective and more. Knowing what responsibilities you can task your solicitor with will make it easier for you to know how best to navigate the dissolution process. Below are some of the responsibilities your divorce lawyer will have beyond the courtroom. Initiating the  separation  process It should be noted that in Australia, the  Family Law Act  requires that you and your spouse to have been separated for at least twelve months before you can apply for a divorce. Therefore, your divorce lawyer will be tasked ...

Making the decision purchasing an investment property, particularly an investment property in Brisbane will be one of the most important purchases you will make. Whilst purchasing and owning an investment property can be a very rewarding experience, there are key items to consider when you make the decision to start your investment journey: Location, Location, Location Consider the location of the  property  and any amenities close by. To attract a broader range of tenants, whether it be families, couples, singles or tenant share, depending on the type of property you are purchasing, location is the key selling point. For a large family home, being close to schools and shops will appeal to families. Being close to public transport such as bus stops and train stations can appeal to most and are often considered highly desirable by prospective tenants when they are deciding on which area to live in. It is also a good idea to do some research on the predicted growth for the area....

  This article aims to briefly examine a circumstance wherein an open Driver Licence holder has accumulated too many demerit points on his/her traffic history and why a choice for a good driving behavior should not be made. Why is it easy to lose your open Driver Licence? A holder of a QLD open Driver Licence can lose his/her Driver Licence  when 12 or more demerit points within a 3 years period have been recorded on his/her traffic history.  This is called suspension of a driver licence. How do I know if I have accumulated 12 or more demerit points? The Department of Transport and Main Road will send you an Accumulation of demerit points notice to choose when you get  12 or more demerit points within a 3 year period  on your QLD open Driver Licence.  The notice will require you to choose either: Have your open licence suspended for a requisite period; or Agree to continue driving under a period of what is termed a “good driving behavior” for 1 calendar yea...

  Joint Tenants or Tenants in Common is a widely misunderstood concept and is often confusing to buyers when they are deciding on which of these options best suits their needs. Understanding the difference between Joint Tenants and Tenants in Common is extremely important considering the legal implications that can arise with either option. Let’s look at the differences… The first question is, how much interest does each buyer intend to hold on the  property ?  For example – does one buyer intend to hold 100%; each buyer 50%; or different shares such as 80/20.  Another thing to consider is in the event that any of the co-owners pass away, what do the other parties intend to happen? Do they intend for the deceased’s share in the property to be automatically transferred to the surviving parties? Joint Tenants A Joint Tenant is a common option for married or  de-facto couples . It allows two or more persons to own property jointly as one single owner. A joint tenan...

  What is vendor finance? Imagine you want to buy a property or business. But you don’t have enough funding for that. Alongside this, traditional loan providers like banks have a low demand to invest in these projects. On top of that, you want to avoid hustling yourself with all those lengthy bank formalities. Now is the highest time you want to do vendor finance! Vendor finance is lending money to the buyer or purchaser, where the seller or vendor will give a loan to the buyer to buy that property or business at an actual interest rate. Or, this can be explained as an orchestration in which the buyer deposits an amount to the vendor to  buy the property , and the vendor lends the rest to the buyer, who agrees to pay back at a discussed interest rate. This arrangement authorises the buyer to acquire the property and enables the vendor to get a high interest and consistent payback. The terms of the agreement The amount of the loan funded Charged interest rate The form of the co...