To settle in July 2009.

Cheers

wazwaz71

Yes the tennant is existing. We think we have now covered all the bases in that rent will include council rates. It will be a new lease agreement with a certificate from tenants & their legal advice stating they have legal advice abount this matter. The Option will include mtce exps being a condition of the option. The rent will increase in line…[Read more]

I have been told by my solicitor that the RTA does not allow for the increase that we have agreed on.

The actual agreed rent increase is 30% plus $2K down (taken off purchase price on completing option / sale) & all maintenance & council rates covered by tennant / purchaser.

RE Contract for Sale – If I was buying the prop under an option I…[Read more]

Thanks Terryw,

Another question, how about if the maintenance costs are a condition of the contract of sale ?

So at this stage the deal would be structered as follows:-
– 10% rent increase
– option to include X amount as deposit & Y amount per week to cover the increase in rent that can’t be covered under a lease arrangement due to limits in the…[Read more]

On NSW Central Coast, the tennant pays Electricity, Water Usage, Gas.

Council rates are paid by landlord. The Water availability charge is part of council rates.[blush2]