Introduction to Real estate law in Australia
Real estate law governs the rights and obligations of property owners, buyers, and tenants, ensuring fair dealings and protecting interests in real property. It encompasses a wide range of legal issues, from property transfers and leasing agreements to land use regulations and zoning laws.
Key legislation to consider
- The Residential Tenancies Acts define the relationship between landlords and tenants in each state or territory. For example, New South Wales has the Residential Tenancies Act 1997.
- The Retail Leases Act applies in most states for commercial properties. It defines specific duties and rights for retail lease agreements.
- Lease agreements follow contract law principles. These principles help with issues in lease law, like understanding leases and breaches of lease terms.
