All Topics / Creative Investing / In regards to WRAPS
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
AdamYou 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 MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
You've posted the same post twice.
https://www.propertyinvesting.com/forums/property-investing/help-needed/4329186Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Sorry, In the state of Queensland
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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