Legal Articles
How to “Bullet-Proof” Your Guarantee & Indemnity
August 22nd, 2012 by | Business Sale & Purchase, Commercial Transactions, Debt Collection, Finance & Securities, Property & Leases
What can go Wrong? A landlord owned prime commercial premises that were leased to company B, the branch of a national retail chain, and payment of the rent was guaranteed by company C. B transferred the lease to another company; both went bust. C didn’t have to pay the lost rent because the Guarantee only… Read more »
How to Get Paid Quickly and Minimise Bad Debts
August 18th, 2012 by | Commercial Transactions, Court Disputes, Debt Collection, Finance & Securities
In my experience there is a common theme amongst many failed businesses – the proprietors fail to understand the vital importance of getting paid on time and making sure that “writing-off” bad debts happens rarely, if ever. Successful businesses have credit control measures in place that include the following: Make sure your client understands how… Read more »
Land Tax Anti Avoidance
October 17th, 2009 by | Conveyancing, Property & Leases
Land tax is only payable in relation to investment or commercial properties and is calculated on a “sliding scale” on the basis of the total taxable site value of all land owned (by an owner or a group of owners) which exceeds the tax-free threshold ($353,000 in 2017/18 financial year). As a result of the 2007… Read more »
