Hi
We have just accepted an application from a company to rent our residential property for a 24 month term but they would like the option for a further 12 months.
Does anyone know appropriate wording for the special condition for this? Our property is in queensland. Much as I wish we had it already, we haven’t time to wait for Rob Balanda’s “clauses made simple” via post so please don’t just make this suggestion – we’ve just ordered it but it won’t get here in time!
Thanks[biggrin]are you renting to them on lease option or from them?
We buy properties in Adelaide. Immediate Cash Settlements, No Agent Fees.
[email protected]
phone 0412 437 582Hi island dream,
***** This is not advice ************
Perhaps, maybe, someone else, but definitely not me, would suggest, maybe, the below ;
“The Landlord offers a renewal of this Lease to the Tenant, herein refered to as the Option period, on the terms specified in this clause which the Tenant must accept strictly in accordance with the provisions contained in this clause, otherwise the Option period shall lapse.
The Tenant may only accept this offer and exercise the Option if the Tenant shall have served on the Landlord notice of exercise of this Option not less than 3 months and not more than 6 months prior to the expiry of the original Term of the Lease, containing identical covenants to the covenants of the Lease (excepting this clause), at a rental rate which shall be determined in accordance with this Lease on the dates and by the method as described in the original Schedule of the Lease.”
***** This is not advice ************
Now I definitely wouldn’t use the above for the wording of an Option clause, but someone else may if they were so inclined. [blush2]
Dazz,
have you recently been to one of those NLP seminars?
What wouldn’t happen if you didn’t use the above wording?
We buy properties in Adelaide. Immediate Cash Settlements, No Agent Fees.
[email protected]
phone 0412 437 582X,
I have not the faintest clue what a NLP is ???
Ummm, double negative region, “what wouldn’t happen if you didn’t”…..is that the same as “what would happen if you did”….I’m simply not intelligent enough to understand what you are asking ???
More to the point, did island dream get anything out of it ??
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