All Topics / Finance / Can i do it?

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  • Profile photo of pppp
    Member
    @pp
    Join Date: 2004
    Post Count: 15
    June 30, 2004 - 1:59 am

    If i buy a commercial property without a
    tenant am i able to negotiate and have a lease in place (after exchange)to begin from the first day of my ownership and have the lender take this rental income into account.

    Hope this makes sense.

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    June 30, 2004 - 6:33 am

    You can have a lease agreement drawn up with the tenant signed up to rent the place if you purchase it. With commercial properties, valuations are heavily influenced by the lease, but valuers/lenders are also aware of people entering into ‘leases’ with friends etc to make things look good, so doing this may not have much effect.

    Terryw
    Discover Home Loans
    North Sydney
    [email protected]

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

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