Author Archives for Peter Mericka

Transparency In Real Estate

November 8, 2013 3:15 pm Published by Comments Off on Transparency In Real Estate It is a sad fact of the current real estate industry that it is built on secrecy, and requires secrecy in order to function. Among the best kept secrets in real estate are the following...

Solicitor Retained and Solicitor Supervised

November 8, 2013 3:04 pm Published by Comments Off on Solicitor Retained and Solicitor Supervised According to the Legal Practice Act, conveyancers are not permitted to offer any form of legal advice or legal work to their clients, even though conveyancing matters invariably require the giving of legal advice.

Retirement Villages

November 8, 2013 3:02 pm Published by Comments Off on Retirement Villages While most people understand the term "Retirement Village" as meaning a form of unit accommodation, it often comes as a surprise to find that there are different ways of "owning" or "occupying" a retirement unit.

Professional Indemnity Insurance

November 8, 2013 2:56 pm Published by Comments Off on Professional Indemnity Insurance Professional indemnity insurance is held by a professional person to ensure that any claims of professional negligence made against the professional person can be met. To put it another way, there is not much point in suing a professional person if they do not have enough money to pay for your loss - so professional indemnity insurance comes in to cover the cost.

Penalty Interest

November 8, 2013 2:54 pm Published by Comments Off on Penalty Interest Condition 4 of Table A, Schedule 7 of the Transfer of Land Act provides for the payment of penalty interest if either party delays the payment of money. The most common form of delay is the postponement of settlement.

Offers Over

November 8, 2013 2:34 pm Published by Comments Off on Offers Over The offers-over method of real estate pricing is the fairest method of all.

Enduring Power of Attorney – Victoria

May 28, 2018 8:02 am Published by Comments Off on Enduring Power of Attorney – Victoria An Advance Care Directive the way to inform others of your wishes when you are unable to make medical treatment decisions yourself.

Real Estate Sale Negotiation FAQ

November 8, 2013 2:22 pm Published by Comments Off on Real Estate Sale Negotiation FAQ Negotiation FAQ Frequently Asked Questions - Only a lawyer can truly represent a consumer in real estate negotiations.

Mortgagee Costs

November 8, 2013 2:20 pm Published by Comments Off on Mortgagee Costs Purchasers who are borrowing to make their purchase should take care to avoid unfair mortgagee costs. These are cost generated by the lender "behind the back" of the borrower, through direct contact with the borrower's conveyancing lawyer, and are often in breach of the Consumer Credit Code.