Just a reminder! QLD’s Property Law Act 2023 (Act) will take effect from 1 August 2025 and is the most significant reform to QLD’s property legislation in decades. The Act introduces a mandatory seller disclosure regime where sellers may have to provide buyers with a disclosure statement prior to signing. There are also changes to the provisions governing leases so update your pro forma documents and be aware that different rules (eg for assignment) will apply after 1 August.
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