Legal Help Completing Investment Property

Viewing 9 posts - 1 through 9 (of 9 total)

JJ10
Participant
@jaydev
Join Date: 2011
Post Count: 16
August 8, 2015 - 10:50 am
Hi
I am currently constructing duplex in Toowoomba. The builder is claiming that construction has reached fixing stage. Suddenly got legal notice from subcontractor’s lawyer advising that the Builder has not paid for the work completed by his client company. Being an owner I have to stop the payment and asked builder to sort out the issue. Very next day I am getting another mail from building certifier company advising withdrawal of certifications in regards to the work they have done as they did not get paid as well.
I have paid all the invoices raised by the builder up to the enclosed stage. It is clear to me that builder is having serious cash flow problems.
My concern is what should I do with this situation where builder is only contactable through the developer as part of the contract. Also how can I make sure that I will have quality product at the end of the construction.
Terryw
Participant
@terryw
Join Date: 2001
Post Count: 16,213
August 8, 2015 - 5:30 pm
Get legal advice.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email Me
Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
JJ10
Participant
@jaydev
Join Date: 2011
Post Count: 16
August 9, 2015 - 1:01 pm
Hi Terry,
Thanks for the reply. Would please recommend good solicitor as all of this is first time for me so not sure where to look for?
Jacqui Middleton
Participant
@jacm
Join Date: 2009
Post Count: 2,539
August 9, 2015 - 5:43 pm
Hi JJ
You really should have entered into a purchase or a construction without a solicitor going into bat for you. First thing tomorrow morning, get yourself a solicitor that is solid in the field of representing clients that are engaged in construction projects.
Jacqui Middleton | Middleton Buyers Advocates
http://www.middletonbuyersadvocates.com.au
Email Me | Phone Me
VIC Buyers' Agents for investors, home buyers & SMSFs.
JJ10
Participant
@jaydev
Join Date: 2011
Post Count: 16
August 9, 2015 - 10:07 pm
Thanks Jacqui,
Any solicitor recommendation?
Terryw
Participant
@terryw
Join Date: 2001
Post Count: 16,213
August 9, 2015 - 10:17 pm
Hi JJ – thanks for your message – I don’t take on these sorts of matters sorry.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email Me
Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Jacqui Middleton
Participant
@jacm
Join Date: 2009
Post Count: 2,539
August 15, 2015 - 1:01 am
Jacqui Middleton wrote:
You really should have entered into a purchase or a construction without a solicitor going into bat for you.
I intended to say “You really shout NOT have entered into a purchase or a construction without a solicitor going into bat for you.”
Jacqui Middleton | Middleton Buyers Advocates
http://www.middletonbuyersadvocates.com.au
Email Me | Phone Me
VIC Buyers' Agents for investors, home buyers & SMSFs.
Jacqui Middleton
Participant
@jacm
Join Date: 2009
Post Count: 2,539
August 15, 2015 - 1:03 am
JJ10 wrote:
Any solicitor recommendation?
Apologies didn’t see this message. Shoot me a PM if you haven’t got a solicitor as yet and I’ll give you some suggestions.
Jacqui Middleton | Middleton Buyers Advocates
http://www.middletonbuyersadvocates.com.au
Email Me | Phone Me
VIC Buyers' Agents for investors, home buyers & SMSFs.
JJ10
Participant
@jaydev
Join Date: 2011
Post Count: 16
August 28, 2015 - 7:28 pm
Thanks Jacqui,
It seems to be sorted out. But again thank you. If I need help I will definitely be in contact.