” 2) This Act does not apply to any residential tenancy agreement —
(a) where the tenant is a party to an agreement for the sale and purchase of the premises; “

What about later, when the agreement for the sale and purchase has been completed , are they no longer a party to an agreement to buy or sell because it’s been and gone, ?? They no longer own it, and there’s no agreement. how long do they remain in limbo ? Sounds ridiculous. It’s bad enough being subject to the Residential Tenancies Act, but it’d be hell without it.
What act tells the parties how to act ??.
somebody put me out of my misery. [blink] [arrowhead]
thecrest

Hi AnnaB
I guess the magic question is ” why is the owner selling ? “
If the owner is the butcher, it’s a worry.
If not, has the owner offered the property to the butcher ? If not, why not ?
Is the butcher willing to enter into a long lease like 5 x 5 ? If not, why not ?
Is there a supermarket in town ? Has it improved lately ? Is the butcher near retirement age ? Health ? Travel plans ? Ask him if he owns any other properties in town. Through LPI search the town or NSW & see what other real estate he owns and when he bought it. Some unscrupulous business people try to sell while they are still the tenant because the property is worth much more with a stable tenant in it. Beware – If the butcher leaves and there is no replacement tenant, the value of the property drops immediately because it is not income producing.
Do your homework, hope it’s a goodie.
cheers
thecrest

In NSW, IMHO, if the matter of the lease was adjudicated on by the CTTT, the tenant would be within his rights to assume that since the now landlord did not specifically mention exclusion of the maintenance cost or breakdown cost of air conditioner prior to the time of signing the lease, then the tenant could reasonably expect that the airconditioner stays in the house and therefore it is the liability of the landlord. Same with the TV aerial, stove, HWS etc etc. It’s a case of WYSIWYG. This is provided there was no specific mention of the airconditioner exclusion during discussions about lease back. It may be a verbal agreement, but they can stick if enough parties were present at the time.
Re the original dripping problem of the airconditioner, if it aint broke, it doesn’t require fixing. If the a/cond company is satisfied warranty-wise that the work done by the former owner is sufficient, then there is no more to be done.
NSW Tenancy Tribunals don’t like landlords moving the goalposts after a prospective tenant has inspected the premises, liked what they saw, and agreed to take the lease.
The landlord may be seen to be guilty of misrepresentation if what was offered is not what is delivered, and may be seen to be taking unfair advantage of the tenant facing the cost of moving house. At this stage, I believe the tenant is right, and must decide if it is in his interests to enforce his rights.
That’s they way I see it.
cheers
thecrest

Hi Nobleone
Might as well move in yourself, everyone else has, and you’d have no less rights than them, and who could remove you.?
They sure have a hide. Have you cancelled the electricity, gas, phone & water. Take as many photos as you can.
In the hope that the old lady has some sway with her squatting family, I would remind her and the squatters that she will be forced to pay for the cleanup, rent, lost rent, damage and re-letting fees. And depending on the quality of the original PM’s paperwork, it should be enforceable.

Hope it runs smooth and without damage.
cheers
thecrest

Hi Beno999
If finances permit, why don’t you think big and buy the whole park ? They usually have a ROI of 12-15 %, not too shabby,
Lease one and employ managers to run it ?
Lease with buy option the whole park ?
Check the Business and Motel brokers websites.
There is a van park specialist called Buckley I think.
cheers
thecrest

At least the aircraft din would mask the sounds of gunshots in the surrounding suburbs and sounds of blasting and digging.
cheers
crest133

Being Rotorua, Howzabout Mud . . . . something . .
mudbath
mudpuddle
mudlark

how does it translate in the languages of your client base ? You don’t want someething which translates into something offensive to Germans or Scandinavians etc.
just a few thoughts
good luck
thecrest

Hi Purplekiss
1. Most leases specify that the tenant must take care of the property. That would require keys.
2. Only law abiding citizens need keys, not dope growers. Maybe they want deniability, to claim they haven’t moved in yet so the hydroponics outfit isn’t theirs. Turn off the electricity in the meter box for 3 days, see what happens.
3. The tenant’s completed copy of the condition report is supposed to be returned to the landlord not later than 7 days after the lease commences. If they leave it too long, the house won’t be clean, and the condition report will be inaccurate.
4. Who are they currently renting from,? hope you already checked with that landlord, see if they’ve given notice and when .

Sounds fishy, not like good tenants at all !

Hope it works out ok. Good luck.

cheers [confused]
thecrest

Hey Cruiser
Sorry you haven’t seen any PM’s work hard for their money, means you haven’t seen any good ones in action. But they’re out there, and having been a solo PM myself, I know the good ones are all underpaid considering the personal risk, flak, stress, level of responsibility, hours, skills required, knowledge required, hell – they deserve every lousy dollar they get. If it was easy, everyone would be managing their own properties.
cheers [wink3]
thecrest

Hi mcgregor
Have survived the management of 3 van parks.
They vary a lot, as do the guests and the accommodation.
We enjoyed high returns on buying vans, then renting them out on site, preferring ones with showers & loos. Bought around $6K, rent $120 pw.
Where else do you get 100% return ?
However, operating a van park which provides short and long term accommodation such as caravans, by nature attracts people who are wearing ( I’m feeling charitable tonight).
Van Park managers really earn their income the hard way. There are personal risks. Centrelink pay day evenings are usually the most interesting.
There is a high level of skipping & damage.
Do a cash deal with the manager for letting, relets, % per month etc, whatever, so you’re not last priority. Hope you make some good money.
I don’t understand why any manager would let anyone else ” in ” on the lucrative van renting, but if you have entre, enjoy it.
Feel free to PM me if you want more info.
good luck
cheers [biggrin]
thecrest