All Topics / Creative Investing / In regards to WRAPS

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  • Profile photo of adam_m

    I have read with much interest comments in regards to WRAPS/Rent to Buy.
    A few questions for your reply-
    a) what would be the average deposit for a renter to buy be if there is one or is it a case to case scenario 1)if they were a first home buyer how long before they could receive the FHB grant.
    b) if the renter defaulted on their payments-1) how long for the contract to be terminated, 2) as there is a lease in place are you them obligated to see it through to the end or would it be terminated as per a standard lease agreement conditions, 3) is landlord insurance applicable.
    c)is the contract deemed unconditional at the time the buyer takes possession of the property
    d) is it possible to employ a real estate agent to carry out sourcing a purchaser and if so when would they get paid eg time of handover or final settlement
    I am sure you have answered these questions before but its not always easy to find them in all the articles.
    Thanks for your help
    Adam

    Profile photo of Terryw

    You need to refer to what state you want to wrap in, as laws vary.

    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

    Profile photo of Terryw

    You've posted the same post twice.
    https://www.propertyinvesting.com/forums/property-investing/help-needed/4329186

    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

    Profile photo of adam_m

    Sorry, In the state of Queensland

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024

    Adam, Sorry i deleted your message and number this afternoon by mistake.

    Feel free to call me in the office tomorrow if you want to chat about wraps in Qld.

    Richard Taylor | Australia's leading private lender

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