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ALERT: Commercial landlords & tenants – rental relief changes

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EXTENSION AND CHANGES TO THE VICTORIAN COMMERCIAL TENANCY RELIEF SCHEME
As you may be aware, the Victorian Government announced an extension of the Commercial Tenancy Relief Scheme. On 29 September 2020, the extension and changes to the Scheme were implemented by the introduction of COVID-19 Omnibus (Emergency Measures) (Commercial Leases and Licences) Miscellaneous Amendments Regulations 2020. The amendments take effect from 29 September 2020, which is the day the previous Regulations were to expire. Here is a brief summary of some key changes.

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WHAT ARE OWNERS’ CORPORATIONS?

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by Michael Xu An owners’ corporation (previously called a body corporate) is a legal entity that manages the common property of a residential, commercial, retail, industrial or mixed-use property development. It is automatically created when a plan of subdivision containing common property is registered with Land Use Victoria. General terms and principles Plan of subdivision […]

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Claiming Someone Else’s Land

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Adverse possession is a legal principle that enables a person who is not the legal owner of a piece of land to obtain ownership over it, if they can prove that there has been an uninterrupted and exclusive possession of that land for at least 15 years. A person who succeeds in an adverse possession […]

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The cost of owning property in Victoria: Land tax

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In this informative article, we look at Land Tax in Victoria.    When is land tax payable? Land tax is payable in certain circumstances and is payable in addition to other taxes such as the Victorian vacant residential land tax, the absentee owner surcharge and the federal annual vacancy fee. Land tax is payable when […]