The Court has considered whether a commercial tenant abandoned a lease by ceasing to trade due to COVID-19 and relocating its stock to a warehouse. It was decided the tenant had not abandoned the lease and it was ordered that the tenant was entitled to relief against the landlord’s termination of the lease, despite a history of late payment of rent.
Discretionary trusts that own ‘residential land’ in New South Wales or hold an ownership interest in a company or unit trust that owns residential land in New South Wales must amend their trust deeds to exclude foreign persons as beneficiaries, otherwise foreign land tax and duty surcharges may apply.
Cooper Grace Ward’s property team has been announced as a finalist in the 2020 Australian Law Awards in the category of Property Team of the Year.
Although there may be an anomaly concerning the signing of the guarantee, the alleged guarantor may still be liable. The outcome will depend on the circumstances.
On 28 May 2020, the Retail Shop Leases and Other Commercial Leases (COVID-19 Emergency Response) Regulation 2020 (Qld) (the Queensland Code) was passed. It gives legal effect to the National Cabinet Mandatory Code of Conduct – SME Commercial Leasing Principles During COVID-19 (the National Code) in Queensland.
In the recent case of Latimore Pty Ltd v Lloyd [2020] QSC 136, the Queensland Supreme Court ruled that the buyers’ termination of a residential contract was premature after the seller allegedly failed to comply with an essential term.
The ATO has finally published guidance on what relief a related party lender can provide an SMSF in relation to the repayment of related party loans.
Following last week’s article on compliance hurdles faced by SMSFs if they want to provide rent relief to tenants, the ATO has announced guidance for SMSF landlords.
The 2020 listing details firms practising within the areas of transactional property and real estate matters.
Landlords are providing rent relief and other incentives to help tenants deal with COVID-19. If your landlord is an SMSF, can they do this?
The Australian Government released revised guidance overnight that will impact on commercial landlords and their tenants.
Discretionary trusts that own ‘residential land’ in New South Wales or hold an ownership interest in a company or unit trust that owns residential land in New South Wales must amend their trust deeds to exclude foreign persons as beneficiaries before midnight on 31 December 2019, otherwise foreign land tax and duty surcharges may apply.