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Commercial Services
Loan Agreements / Mortgages – Commercial
Contract Lawyers Reduce the Risk and Stress of Taking Out a Loan
Taking out a loan can be exciting, as it usually means you are looking to take out a mortgage and buy a property or undertake some form of investment. At the same time, the process can also be daunting, stressful and risky.
You will need to review and sign a raft of documents, which set out all the terms and conditions of the loan. Gavel & Page contract lawyers will carefully review these documents and advise you in clear and simple terms as to the conditions, obligations and risks associated with the loan agreement and related documents. We ensure that you are fully aware of your rights and obligations, so we can help you negotiate any necessary changes.
A loan carries with it significant responsibilities, and you may face consequences for any failure to comply with those responsibilities. Defaults and breaches can turn out to be extremely costly. Therefore, it is critical to speak with a contract lawyer about the terms of the documents you have been asked to sign.
Our contract lawyers aim to make sure you not only understand the technical and legal aspects of the documents, but also the loan’s practical effect on your life, as well as any measures that you need to put in place to satisfy your obligations.
What You Need to Know Before Receiving or Providing a Loan Agreement
A loan agreement will contain many important factors to consider. Just a few examples include:
- Whether there will be any guarantor, who that will be and what their obligations will be. The guarantor of a loan carries just as much risk as the borrower, so it is important to understand the specific terms on this subject.
- The nature of any security properties that will be used under the loan agreement. Because security properties are typically used by the financier to pay off any debts that are outstanding under the loan, it is important to understand the associated risks.
- The loan term, repayment amounts, interest to be charged, notices and demands and the consequences of a default or breach of the loan agreement are other important factors to consider.
On the other hand, you might be the one providing rather than receiving the loan. In this case, we can also draft a loan agreement for you. We will meet with you first to discuss the nature and purpose of the transaction, advise you and then draft a document to reflect your requirements, whilst ensuring your interests are protected and risks are minimised.
Testimonials
I was a little cautious about lawyers generally, even more so since I was embarking on my very first development. A referral to Gavel & Page Lawyers let me put my previous concerns behind me. Open. Direct. Clear communication. Detailed and productive advice. Competitive fees. Down to earth and contactable. Not sure what else you need.
You guys were a pleasure to deal with! No nonsense, straight to the matter at hand and kept me calm the whole time… awesome!
After much negotiation with a government body which we had a dispute with and unsuccessfully tried to resolve through our consultants, we approached Gavel & Page Lawyers to help us resolve the matter. With one letter prepared for us by Gavel & Page Lawyers, the matter was resolved immediately.Quick and effective. I have no hesitation in approaching them for any further matters and recommending their services to others.
Are you looking for affordable conveyancing services in Sydney with a great customer experience? Talk to the team of property conveyancers at Gavel and Page, who are also specialists in off-the-plan conveyancing, strata disputes, and building defects. Anything to do with property law, we are the team to have on your side.
Gavel & Page Lawyers is a boutique law firm in Sydney, with a focus on conveyancing, property law, construction law and commercial law. Established in 2010, our team and clientele have grown; and between our team of professional lawyers, we have decades of experience in the areas we practice.
Whether buying or selling residential property, commercial property or industrial property, we handle all conveyancing matters in NSW. If you intend on buying land on which you want to develop in some way, or if a dispute arises during the transaction, we are equipped and qualified to provide you the advice needed.We also regularly deal with conveyancing for off-the-plan purchases, as well as sales on behalf of developers regardless of the size of the development. We also assist in the buying and selling of businesses, as well as advising on and handling commercial, retail or industrial leasing matters.
Our expertise within our areas of focus is extensive and our professional team are some of the best when it comes to handling disputes between neighbours, advising on and assisting in obtaining easements or access to land, advising on, or drafting, reviewing and negotiating various commercial or construction contracts, as well as a range of disputes, including building defect disputes, contract disputes, and an array of construction and commercial disputes.