Commercial rates

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Tools
Participant
@tools
Join Date: 2003
Post Count: 363
August 22, 2004 - 9:57 am
Hi All,
Does a square metre rate for commercial property include GST and outgoings,or is this an individual thing,dependant on how the lease is worded???
Tools
garrytas
Member
@garrytas
Join Date: 2004
Post Count: 36
August 22, 2004 - 9:46 pm
Hi Tools
Generally commercial rents are net that is +gst,and the lessee pays the land tax,there are exceptions.
Purchase prices are usually + GST but again there are exceptions,the owners can apply the margin scheme in some cases.If they are being advertised it should state + GST but there is a lot of confusion in this area so ask the question.
regards
Garrytas
[email protected] Always have cashflow positive Tasmanian commercial properties
available
thecrest
Participant
@thecrest
Join Date: 2004
Post Count: 992
August 23, 2004 - 1:36 am
Advertisers want your enquiry. They will usually quote the lowest figure in order to generate a phone call or email. Usually only rent is advertised. Ask for a complete list of all the outgoings, when they’re due, and who pays them.
Query who pays maintenance on what, water costs, waste charges, insurances, copy of intended lease for you to add your intended changes (which is negotiable.) good luck
cheers
thecrest
thecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Me
selling motels in NSW
Tools
Participant
@tools
Join Date: 2003
Post Count: 363
August 23, 2004 - 8:08 am
Hi guys,thanks for your replies.I got a copy of the lease today which is a standard commercial lease from REIV.It looks like the tenant pays for just about everything……..just the way I like it!
Tools