We have a clause in our Lease where the main Lessee can subjogate a portion of their rights and responsibilities under the Lease, as long as the Assignee fully takes up the load as pertained in the Lease.

The situation you describe however, appears that the main Lessee has gone 100% walkabout and you wish to fully replace the Lessee, not assign a…[Read more]

Dutch,

I’m sure you don’t mean that really in your title…emotional soothing…what on Earth is that in the hard nosed banking/legal world that you chose to enter ???

I’m sure you’ve read all of the documents that you’ve no doubt had to sign to obtain the loan and are fully aware of your commitments made to the Bank for graciously allowing you…[Read more]

Hey this is cool, I might have a crack at this myself….

Frugality
Achievement
Intelligence
Learning
Uplifting
Resourceful
Energetic

and

Slothfulness
Uncompromising
Credit
Cards
Emotional
Spiteful
Supercilious

It seems you can make anything up as you go along….and hence I don’t see the…

Pointless
Obtuse
Irrelevant
Nonsense
Trivial

of…[Read more]

I like things outside the box

You most certainly do my friend. You’re one in a million Mr gross.

Your posts always bring a smile to my face…after about 5 minutes or so…being forced to re-read 4 times what the hell you are going on about. Onya matey.

Garrrd Bless Amerrrica….

I bet Calvin’s ol’ man doesn’t have squirrels for neighbours like I have…who are all tee-totalling, Act quoting solicitor wannabes.

They’d drag his sorry ar$e in court for defamation of character and inducement of an intoxicating substance whilst trying to subterfuge an upper hand in domestic litigation.

I’d be up for it though, I’d sell my…[Read more]

Hi Allan,

This question seems to pop up about every week or so.

Umm, yes they do exist. By 10.4% I suppose you mean gross rental return. Yes, they exist, but I doubt whether they are simply sitting there on the net for all of Oz to view, just waiting for Sharon from Rockhampton or Thomas from Launceston or Barry from Katherine to simply snap…[Read more]

Hiya NEWGEN,

Well…I suppose you haven’t found the support you were initially hoping for.

Sitting on the sidelines reading all of the above it is clear to me the root cause of your troubles is the laying of the new tiles (a finishing trade) before any of the primary work has been completed.

With the actual kitchen being installed on Sunday I…[Read more]

I think the “applied knowledge” is the key. Knowing what you should of done is never enough. How many people have heard the previous generation say things like “We had the opportunity to purchase (insert fantastic asset) but didn’t and now look what’s happened to it”.

My Nanna once held the entire suburb of Morley in Perth, but sold it on the…[Read more]

Yes it most definitely is. Good luck with your searching.

Onya G7, you’re an IT legend….that’s the one.

2004 :

1. Recovered from a fairly average position in Feb, where we found ourselves with no job, no home, no car, no school for kids, no bank accounts. Lost waifs in a big bad world.
2. Found rotational employment overseas.
3. Got the kids back into school.
4. Moved 6 times…a tad stressful.
5.…[Read more]

Would others agree that with the bigger purchase priced property generally the returns are better.??

Why would this be the case??

Yes, John, I would agree that the bigger the deal, usually the better the return. This sometimes balanced out with aspects like having tenants like the Fed. Govt. The lease usually doesn’t read that well – a…[Read more]

the worst thing that will happen is that there will automatically be a 50/50 split…
Is that so bad?

Celivia,

If you speak to a few ten’s of thousands of father’s who have been dragged through the Family Court since ’76, I think you’ll find they can only dream of a 50/50….I have not a clue what the % split would be of the irrelevant monetary…[Read more]

Hey X,

Just tried again for 20 minutes but I don’t find the search engine on this puppy too useful.

Is there an IT guru out there somewhere who can dig that kind of stuff back out ??

It was something like “Goals for 2005″…in about Jan or Feb this year….heaps of people contributed.

Where’s Simon when you really need him ??

X,

I have not the faintest clue what a NLP is ???

Ummm, double negative region, “what wouldn’t happen if you didn’t”…..is that the same as “what would happen if you did”….I’m simply not intelligent enough to understand what you are asking ???

More to the point, did island dream get anything out of it ??

Whatsa RIP ??? [biggrin]

Hi island dream,

***** This is not advice ************

Perhaps, maybe, someone else, but definitely not me, would suggest, maybe, the below ;

“The Landlord offers a renewal of this Lease to the Tenant, herein refered to as the Option period, on the terms specified in this clause which the Tenant must accept strictly in accordance with the…[Read more]

Our plan for next year is to purchase the office and warehouse structures next door to our current warehouses. If we pull our finger out we may be able to get this accomplished before the end of this year.

The wife is dead keen to extend our PPoR so there could be some NTDD being carried which should slow things down somewhat….but as I am…[Read more]

We continue to hold a prime riverfront block with a small 3 x 1 house on it. 5km from Perth CBD. It is a very negative cashflow situation.

With the residential tenant who whinges only slightly, I still think about selling it every day.

It needs to grow by 3.4% p.a. compounded for us to break even. It did about 6% last year. I’m still not…[Read more]

Hi guys, thanks for your kind thoughts.

Yes Don & Liz, you are right, these lawyers were definitely acting in their clients interests. They were certainly following their clients instructions…no harm in trying as you say. Having rejected their pleas and quasi-threats to walk away from the deal, I feel I have stood on equal footing with them.…[Read more]