Contributions to this article also by Elisa Kidston
Key Points:
The floods hold important lessons for negotiating,
drafting or managing real property contracts, leases and body
corporate or strata management.
In late 2010 and early 2011 Queensland was subjected to several
devastating natural disasters, including widespread flooding and
Tropical Cyclone Yasi. As Queenslanders move into recovery mode,
the recent natural disasters have highlighted the need for the
property industry (including developers, purchasers of real
property, landlords, tenants, body corporate managers, lawyers and
agents) to review their current and future arrangements (including
contracts for the sale or purchase of real property, leases for
commercial, industrial or office buildings and insurance
arrangements) to ensure that they are aware of their rights, roles
and responsibilities and are prepared in the event of any natural
disasters.
