The Bright-line test

Most of you will have heard the term ‘Bright-line test’ being passed around in conversation, but how many people really understand what it means? This article explains what the bright-line test is and how it’s applied.   The bright-line test will apply to residential properties for which an agreement to purchase (note this isn’t settlement date) was entered into, on …

What to look out for in a LIM report

Like most lawyers, we encourage our clients looking at a property to get a LIM report.  A strong move towards vendors providing LIMs has meant we’re reviewing more than ever before.   You may have come across lawyers who strongly recommend that purchasers get their own LIM and that they shouldn’t rely on one provided by a vendor. The reason for …