Andrew,

You will need to do your due diligence on the rent and purchase price to ensure they are in line with the rest of the market. Check what the unexpired term on the lease is, request a copy and make your offer conditional upon the vendor securing a further 12 month term if currently periodical. The contract will be subject to finance and…[Read more]

Hi Yoyo,

I’m a commercial leasing agent and thought I might have a go at this one.
The area of the property you are able to charge rent for is the Net Lettable Area. In a commercial situation (ie office space) the NLA as defined by the Property Council of Australia (PCA)excludes areas such as balconies, common areas etc. If you were to charge…[Read more]