Reference no: EM132277289
PROJECT
For this assessment you will need to perform the following tasks. These tasks will need to be completed and submitted in a professional, word processed, format. Each task must be 1000 words minimum in length.
For this task you are to read the case study then complete the following project:
Use the following information and search a property that is similar in description:
This two bedroom, freshly renovated gem is a first home owner or investor's dream. Located a short stroll from the picturesque State Forrest and provides seclusion and peace. This spacious abode features timber floorboards throughout and a bright, breezy outlook over a 5 ½ acre well-manicured block complete with its own vegetable patch, hay shed and fully appointed bungalow. This would make it a perfect spot for a private guest house or games room. All bedrooms include built in robes, featuring a stylishly designed bathroom. The well-appointed, modern kitchen adjoins a charming living area, which opens to a dining room for the stars equipped with a chandelier and tiled high gloss floors. This dining room opens up to a relaxing, covered alfresco area. This gem of a home also includes a porch overlooking the front garden as well as a covered carport. It's hard to go past this property, which offers the very best of charm, style and convenience.
This property can be located in any area and is to be used as the basis for your project. Please provide full details on the property and area of location.
Betty Johnson has asked you to advise her on the property and whether she should buy it? She also wants to know if it would be a good investment? She is a small business owner, with an ABN, not a company. She owns no other properties (she rents the apartment over her place of business).
1. Research the legal aspects of property law as it relates to this property including:
a. The legislation, regulations and codes of practice
b. Different types of appropriate property transactions
c. Relevant legal principles applying to property matters
2. Analyse the legal issues and risk for Betty including:
a. Areas of risk
b. How legal issues impact on Betty
c. Implications of risks for Betty
3. Apply the current statute, common law and equitable principles in relation to property law that are relevant to Betty's circumstances
4. Present a recommendation and advise Betty after considering her circumstances and relevant property laws.
WRITTEN ACTIVITY
For this assessment you will need to perform the following tasks. These tasks will need to be completed and submitted in a professional, word processed, format. Each task must be 1000 words minimum in length.
For this task you are to research and write a report detailing your findings on the following topics:
1. Explain each of the following as they relate to property law:
a. Basic principles, current statute, common law and equitable principles
b. Roles and responsibilities of key organisations
c. Constitutional considerations
d. Separation of powers
e. Basic principles of the law of torts, particularly relating to negligence and negligent misstatement
f. Courts and regulatory bodies
2. Outline how laws are enacted and their underlying policy aims
3. Choose two laws and then explain how those laws may be interpreted by existing common law and equitable rules and applied to property laws.
4. Briefly discuss each of the following legal aspects of personal property law:
a. Intellectual property law
b. Patents
c. Copyrights
d. Trademarks
e. Personal property securities law
QUESTIONS
The following questions may be answered verbally with your assessor or you may write down your answers. Please discuss this with your assessor before you commence. Short Answers are required which is approximately 4 typed lines = 50 words, or 5 lines of handwritten text.
Your assessor will take down dot points as a minimum if you choose to answer them verbally.
Answer the following questions either verbally with your assessor or in writing.
1. Identify 8 property law matters that clients may need advice on.
2. List 5 aspects of real property law that you will need to consider when assisting a client and give a brief description of each.
3. Identify at least 4 examples of property transactions.
4. Briefly discuss each of the following relevant legal principles that apply to property matters that are relevant to client circumstances:
a. Contractual obligations.
b. Title encumbrances.
c. Warranties.
d. Other disclosure obligations.
5. List 4 areas of risk that may apply to the application of law in property matters.
6. Identify 3 business organisational structures and give a brief description of their basic legal concepts.
7. List 3 legal entities and give a brief description of some of the relevant risks and responsibilities they may face.
8. List 4 different approaches to evaluating risk.
9. Once you have collected all available information from a client what is the best way to analyse it? Please describe this method.
10. What are 5 steps you could take to interpret, analyse and process information to obtain required knowledge relevant to the client?
11. Who might you consider a specialist when needing advice on commercial and property law and how can they assist you?
12. In what manner might you present information to a client?
13. List 3 ways you can continuously review client's circumstances.
14. If changes need to be made, list 3 steps in the process of how to go about enacting those changes.
15. How might you ensure you maintain current legal knowledge?
Attachment:- Assessment Guide.rar