Sayan replied to the topic Termination notice by landlord for a fixed term lease – NSW in the forum General Property 9 years, 7 months ago
Cheers :)
S
Sayan replied to the topic Termination notice by landlord for a fixed term lease – NSW in the forum General Property 9 years, 7 months ago
Thank you, Dean.
So from what you said (lease is due on the 30th of June), as a landlord, I cannot give the tenants a notice on the 15th of June and expect the tenants to vacate the property by the 15th of July?
Thanks,
S
Sayan started the topic Termination notice by landlord for a fixed term lease – NSW in the forum General Property 9 years, 7 months ago
Hi,
According to the fair trade website (NSW), the minimum period of the termination notice given by the landlord 30 days if the fixed term of the agreement is due to end.
My question is:
Does it mean the landlord needs to give the notice 30 days prior to the fixed term ending date?
Or, Can the landlord give the notice any day prior to the…[Read more]
Sayan started the topic Land Tax in NSW for an investment property turning into a PPOR in the forum Help Needed! 9 years, 8 months ago
Hi,
I just received a notice to pay the land tax for my investment property in Sydney where I am planning to turn into my PPOR in May this year.
Do I have to pay the full amount of the land tax or just a portion of it as I will only be renting it out 4 out of 12 months this (calendar) year.
Thanks in advance,
Zee
Sayan replied to the topic Borrowing Expense Deduction over a number of years in the forum Help Needed! 11 years, 4 months ago
Thanks very much, guys!
Sayan
Sayan replied to the topic Borrowing Expense Deduction over a number of years in the forum Help Needed! 11 years, 4 months ago
Thanks, Tom.
According to below, would it meant that if I happened to turn the IP into PPOR after the second year, then a deduction of the balance of the borrowing expenses (over $100) can be claimed in that year?
" If your total borrowing expenses are more than $100, the deduction is spread over five years or the term of the loan, whichever is…[Read more]
Sayan replied to the topic Borrowing Expense Deduction over a number of years in the forum Help Needed! 11 years, 4 months ago
Thanks, Jamie. That was quick!
It does make sense to use the number of years the property is rented out. Also, found this:
Borrowing Expenses – deductible over the period of the loan where the loan is less than five years. Otherwise deductible over five years.
Cheers,
Sayan
Sayan replied to the topic Upkeep of property before settlement in the forum Help Needed! 11 years, 7 months ago
OK. thanks, Jamie.
Sayan.
Sayan replied to the topic Upkeep of property before settlement in the forum Help Needed! 11 years, 7 months ago
Hi,
I am in a similar situation, i.e. first open for rental inspection this weekend with the property settling in two weeks.
I am thinking of going in during the inspection to have a look at the state of the house so I can arrange cleaning etc if needed before the first tenants move in.
Is it something that is OK to do or is there some legal…[Read more]
Sayan replied to the topic Rate Lock for 2-year fixed with HSL? in the forum Finance 11 years, 7 months ago
Many Thanks, Jamie. Hopefully I can lock it in time.
Cheers,
Sayan
Sayan replied to the topic Rate Lock for 2-year fixed with HSL? in the forum Finance 11 years, 7 months ago
True – 5.065% is still pretty good. will lock it then.
Thanks, Michael.
S.