When it comes to property investment, people tend to think of residential. But commercial property can offer some big advantages as well. Here is a list of costs you need to consider before making such an investment.
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Commercial Property
Categories
Airspace – the new frontier for valuable CBD land
Despite the tempering of landowners’ rights to the airspace above their property, property developers in Sydney’s CBD have reportedly started paying big money to buy access to airspace above their neighbours’ properties.
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Wait! Make sure your lease is in writing and signed before it commences
Without a written agreement in place, there is no evidence as to the actual agreement reached with respect to essential lease terms.
read moreWhat is a Strata Scheme?
In New South Wales, properties such as apartment buildings, unit blocks or townhouses are managed in a strata scheme.
read moreSquatter seizes ownership of house under law
Under the law of adverse possession, possessing a property uninterrupted for 12 years allows a person to become the registered owner.
read moreBuying off-the-plan? Stronger rights introduced to protect purchasers
Recently, the NSW State Government announced its intention to provide purchasers of residential properties off the plan greater consumer protections aimed at ensuring that the property they receive is what they contracted for.
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