Our Blog
At fc lawyers we’re strong believers in giving back, we believe that we need to take an active role in the greater community to help create a better world for not just us, but everyone. Scroll down and see how we are continually engaging in the community to make a true difference.
Why is it important to order searches for due diligence?
When purchasing a property, one of the most important things is to order the correct searches. These searches are important as they are one of the most important ways to…
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Evidencing your identity
If you’ve ever bought, sold, or transferred residential property, you’ve likely completed a Verification of Identity (VOI). This is an important step designed to confirm that you are who you…
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Selling your business – Different ways to receive payment
The simplest way to sell a business and usually the preferable way is to receive the payment up front in one lump sum. However, depending on the size of the…
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Why your finance approval letter must match the name on your purchase contract
When purchasing a property, one of the most preventable and yet frequent issues is a mismatch between the name on a buyer’s finance approval and the name on a Contract.…
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What is the Body Corporate Records Inspection Condition in the new REIQ Contracts?
With the introduction of the updated REIQ residential contracts, a new standard condition has been included for properties within a community titles scheme: The Body Corporate Records Inspection Condition. This…
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The Importance of Correct Party Details
Ensuring that the correct party details are used in any legal matter may seem straightforward, but in practice, errors or omissions occur more often than expected from various parties. Such…
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When Reduced Hours Become Redundancy
A recent decision of the Full Federal Court (the Court) has provided important clarification on when a change to a part-time employee’s hours can constitute a genuine redundancy. In Commissioner…
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How recent does a Form 2 Seller Disclosure Statement need to be in Queensland?
Under the Property Law Act 2023 (Qld), sellers must now provide a completed and signed Form 2 Seller Disclosure Statement (Form 2) before a buyer signs a contract. One of…
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Refresh – Commission Payment Triggers for Sellers on the Standard Residential Agent Appointment and Reappointment (Form 6)
Many property sellers are shocked to learn that they can owe an agent’s commission even if their property never settles. In Queensland, the standard Residential Agent Appointment and Reappointment (Form…
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Selling a business – Business or share sale?
When you are selling your business, you must decide if you sell the assets of your business or alternatively sell the shares in the company that owns and operates the…
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Recent updates to land tax adjustments in REIQ contracts
Are you aware that there have been important updates to the standard REIQ contracts for both residential and commercial property transactions, specifically relating to how land tax is handled at…
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Appointing your spouse as a director
Accepting a position as a director of a company comes with significant legal obligations and can result in personal liability. Often a spouse is appointed as a co-director or a…
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