All Topics / Commercial Property / commercial lease question

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  • Profile photo of bodyworx11699bodyworx11699
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    @bodyworx11699
    Join Date: 2003
    Post Count: 7

    Just wondering if anyone can answer this. I am looking into leasing a small factory unit. When it is advertised at the price PLUS outgoings, is it normal for the outgoings to include strata fee's. Are they not normally the responsibility of the landlord, or do they fall under the category of "outgoings".
    Thanks

    Profile photo of Scott No MatesScott No Mates
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    @scott-no-mates
    Join Date: 2005
    Post Count: 3,856

    Unfortunately it is open slather with regards to outgoings – consider trying to negotiate a 'gross' rent ie all inclusive except water usage or limit your liability only to increases in outgoings over a base year. Outgoings will include strata levies (admin & maintenance only not capital works), common area power/security/cleaning/insurance/land tax/rates/sewer charges/stormwater levy etc.

    Profile photo of bodyworx11699bodyworx11699
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    @bodyworx11699
    Join Date: 2003
    Post Count: 7

    Thankyou for that. Plenty to think about and negotiate.

    Profile photo of Scott No MatesScott No Mates
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    @scott-no-mates
    Join Date: 2005
    Post Count: 3,856

    More info if you want it: REIQ – Blog

    Profile photo of rickypleasrickypleas
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    @rickypleas
    Join Date: 2010
    Post Count: 22

    Normally it SHOULD be the responsibility of the landlord. Idk, I'm not sure with that. :/

    Profile photo of bodyworx11699bodyworx11699
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    @bodyworx11699
    Join Date: 2003
    Post Count: 7

    Thanks again scott no mates. Very handy blog.

    Profile photo of thecrestthecrest
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    @thecrest
    Join Date: 2004
    Post Count: 992

    Outcome is whatever you can negotiate.
    cheers
    thecrest

    thecrest | Tony Neale - Statewide Motel Brokers
    http://www.statewidemotelbrokers.com.au
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    selling motels in NSW

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