Real Estate / TAG Property (J)



Meet the Co-chairs - TAGLAW

Klose, Dr. Christoph
RWP Rechtsanwälte

Real Estate / TAG Property (J)

Author: Matthew Curran

The Marshall Government has recently proposed a number of significant changes to the legislation which regulates the retail and commercial property sector in South Australia.

On 3 July 2019, the Honourable Vicki Chapman (Deputy Premier and Attorney General) introduced into Parliament and moved the second reading of the Retail and Commercial Leases (Miscellaneous Amendment Bill) 2019 (SA) (Bill). The Bill proposes a number of substantive amendments to the Retail and Commercial Leases Act 1995 (SA) (Retail Act).

Read more: Proposed Changes to South Australia’s Retail Lease Legislation

Authors: Adam Rinaldi & Tony Britten-Jones

The Marshall Liberal Government in South Australia (State Government) announced as part of its 2019/20 budget measures to change the aggregation principles in the Land Tax Act 1936 (SA) (Act). These budget measures have been the subject of significant political discourse and discontent amongst the investment and development community.

Read more: Land Tax Changes in South Australia

Authors: Bronwyn Clarkson, Partner, Nicola Young Berryman, Senior Associate and Gemma Sweeney, Solicitor

In an attempt to increase efficiency and prevent unnecessary duplication, on 26 March 2019 the Queensland Parliament made a further effort to transition to an electronic conveyancing system by passing the Land, Explosives and Other Legislation Amendment Act 2019. As a result, a number of amendments to the Land Title Act 1994 (Qld) will commence operation on 1 October 2019 and paper certificates of title will no longer have any legal effect.

Read more: Paper Titles Becoming Obsolete in Queensland

Bufete Escura has prepared a document summarizing the most important corporate and tax issues to be aware of for non-resident individuals purchasing real estate locaded in Spain.

Read the entire article.

Herrick’s Condominium and Cooperative Group has learned that among a package of bills affecting rental housing agreed upon by the New York State legislature, it will be necessary for 51% of a rental building’s tenants to agree to purchase their apartment in order for a sponsor to convert any building to condominium or cooperative ownership. To date, it was sufficient that a total of 15% of units be subject to contracts with either a tenant in occupancy or an outside purchaser for a successful conversion.

Read more: Rent Reform Bill to Upend Condo and Co-op Conversions