Level 10,
15 Adelaide Street
Brisbane Qld 4000

PO Box 12016
George Street
Brisbane Qld 4003

Ph: (07) 3210 1833
Fax: (07) 3210 2411

Send us an email

Property

Typical areas in which we advise are:-

• sales and acquisitions of vacant or developed land for commercial or residential use;
• leasing;
• sales or purchases of residential land and units;
• 'off-the-plan' contract preparation for 'standard' and strata properties

Parties to these contracts need to be advised on contract conditions and once the contract conditions are "right", the transaction process needs to be diligently followed to avoid costly mistakes.

Your contract needs to properly address:-

• GST – many commercial property transactions potentially require the vendor to account for GST, but there may be opportunities to structure the contract to prevent a GST liability arising;
• due diligence and property enquiries – depending on the buyer's needs or plans for the property, it may be appropriate to do one or more of the following:-

1. examine suitability of soil conditions for future building foundations;
2. re-establish the property boundaries;
3. check all levels of legal restrictions or public utility plans that affect the property
4. review leases

Maunsell Pennington will prepare or review the contract to ensure that the client, as seller or buyer, is properly protected.  Maunsell Pennington complies with the requirements of the "Conveyancing Protocol", a set of procedures established by the Queensland Law Society that must be followed when advising parties to commercial or residential property contracts.