Legal Opinion on Climate Risk Duty of Care

Summary of Norton Rose Fulbright’s Opinion on Climate Risks In Property Transactions

 

Do Real Estate Lawyers in NSW owe their clients a duty of care to advise and warn in relation to climate risk?

Read the bite sized summary of the below Norton Rose Fulbright guidance to find out.

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Legal Opinion: Do Real Estate Lawyers in NSW Owe Their Clients a Duty of Care to Advise and Warn in Relation to Climate Risk?

 

Conveyancers and real estate lawyers play a central role in advising their client on any risks with their planned home or investment asset. Going forward, climate change represents perhaps the single greatest risk to both property values and peace of mind.

We commissioned Norton Rose Fulbright, the pre-eminent environmental law practice in Australia, to consider the duty of care and other factors for NSW legal professionals. Their findings, which are being considered by the Australian Law Commission and NSW Law Society, are available exclusively through Groundsure.

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About Groundsure: Enabling Climate-Driven Decisions for Legal Professionals

Australia is in the front line of climate change. Our communities and businesses have witnessed such extremes of flooding and bushfires in recent years and now is the time to take action and think ahead about what the future could bring.  Our mission is to ensure that our climate-challenged society makes positive, sustainable and responsible land and property decisions. This starts with ensuring legal professionals are able to advise their clients effectively as part of the transaction due diligence.

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Help is at hand from our conveyancing climate risk experts. We will respond promptly to any queries about a report outcome or how to translate report findings to your client. We also offer training through webinars on how to report to clients effectively.

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