Here’s a scenario,what would u do…
If u have the choice of either a very long term for settlement (eg 90 or 120 days), OR a short settlement,& the current owners want to stay & rent for 60-90, what would beneficial??Negotiate the extended settlement with an option to rent for 60-90 days.
The owners do you a favor, you do them a favor – a win-win scenario.
— Michael
not sure i know what u mean…sorry[withstupid]!
What are u suggesting i negotiate? For current owners to rent? Or to shorten settlement??Your questions need to be clearer.
Are you buying a property or selling?
My response assumes you are buying a property, in which case it is often beneficial to extend the settlement date.
— Michael
Hi Misty1
There is a minimum level of rent you will require in order to settle early and have them stay on as tenants ie to be CF +ve. If the current owners are not prepared to meet that level of rent and you are not putting in a substantial deposit then aim at delaying the settlement for a suitable length of time for you to get tenants etc. Speak to your property manager.
Hope this helps
Jeff
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