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RentMaster
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Post Count: 85
August 12, 2003 - 6:29 am
By the way – in case anyone cares. I think commercial property is always fixed term over here.
Andrew
http://www.rentmaster.co.nz
RentMaster
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@rentmaster
Join Date: 2003
Post Count: 85
August 12, 2003 - 6:26 am
There is no reason at all why you cant do fixed terms.
I suppose it is just become the way we do it and (a bit like NZ sheep) everyone follows what the others are doing.
A question. When the term ends, what proportion of people pack up and leave now that they have the chance, and what proportion continue on? As property investors we want long term stable tenants. It would be interesting to know what the average tenancy term in NZ is compared to AU. Personally my tenants tend to hang around for 2 or 3 years anyway.
Andrew
http://www.rentmaster.co.nz
RentMaster
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@rentmaster
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August 11, 2003 - 8:40 pm
If you are looking for some NZ related links then you could try a few of these
http://www.rentmaster.co.nz/Links.aspx
Andrew
http://www.rentmaster.co.nz
RentMaster
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@rentmaster
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Post Count: 85
August 11, 2003 - 8:36 pm
Yip – thats the norm.
I think the majority of all leases in NZ are for a non-fixed term. In all my years of renting I have never set up a fixed term lease, and neither has anyone else I know. It is an option for us if we choose to use it, but for some reason we just dont do it. Do you aussies always do fixed term?
Andrew
http://www.rentmaster.co.nz
RentMaster
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@rentmaster
Join Date: 2003
Post Count: 85
August 11, 2003 - 9:11 am
My first post!! Hi guys.
I have 3 plus the house I live in. All in New Zealand and all positive cash flow. Hope to have more before I turn 30.
Andrew
http://www.rentmaster.co.nz