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All Topics / Finance / Can i do it?
If i buy a commercial property without a
tenant am i able to negotiate and have a lease in place (after exchange)to begin from the first day of my ownership and have the lender take this rental income into account.
Hope this makes sense.
You can have a lease agreement drawn up with the tenant signed up to rent the place if you purchase it. With commercial properties, valuations are heavily influenced by the lease, but valuers/lenders are also aware of people entering into ‘leases’ with friends etc to make things look good, so doing this may not have much effect.
Terryw
Discover Home Loans
North Sydney
[email protected]
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email Me
Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
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