Hi peoples,

I am considering buying a leasehold motel and have a couple of questions that someone here may be able to answer.

1) I assume that the value of the lease decreases as it gets closer to it’s term. If this is the case is this a depreciation that can be claimed by the leaseholder and if so at what rate?

2) I am getting the impression that finance beyond a LVR or 50% is unlikely but if this is not the case, who provides it and what (if any) is the catch ?

3) What terms are usual for loans on leases and what is the maximum term that is available ?

I thank anyone that answers in advance.

Cheers
sstracha