For those of you out there who manage their own IP’s…
What do you do for leases? Do you write your own, or do you have an old one that you just amend?I’m about to lease our place and I‘m wondering if it’s cool to just amend the last lease? Why should I pay my solicitor $800 to write something I already have a copy of? What sort of trouble can I get in by “doing it my self�
Also for commercial leases… Leases three years and over need to be “stamped†or registered and Duty paid. Why? Can you just have a 1-year lease with lots of options?
Please help.
[hmmm]Booo [worried]
Someone out there must manage a property?
Anyone?
ttt
Hi Steve,
Dont amend an old lease, use a new lease each property should start fresh.(If you need to go to the tribunal and show up with an amended lease they’ll basically through it out the door).
Secondly in regards to the commercial lease anylease that adds up to 4 years needs to go through a solicitor or conveyancer, regardless if you have 1x1x1x1 or any whichway you agree with, its 4 years its your solicitor simple.(if you wish to do 3 years you dont need to see your solicitor, may be the way to go ?
I really hope it goes well for you.
Joseph Scarcella
prime real estate agents
property management specialists E: [email protected]hey,
Cool thanks for the info Joseph,
When i say amend… I mean, use the infomation in the last lease to write a new lease.But thats great. Thanks Joseph
[biggrin]i’m not clear if the lease u are wanting to renew is for a commercial property,as your following qu is??If so,i cant advise,but if its not,& its for a residential,then i believe u can use a standard lease avail at all major newsagents.
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