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Rental property - as landlord what do I need to pay for?

Submitted by LLCW on May 17, 2008 - 11:11am.

Joined: 24/12/2007

Hullo all

Quick question for you: as a landlord, am I limited to paying rates, building insurance, telephone line rental and water service charges for the tenant? (Of course this is assuming nothing else goes wrong ie. general maintenance).

Could anyone clarify this please.

Thanks!
Lisa



May 17, 2008 - 12:14pm

Joined: 04/05/2008

I don't think you are limited to pay those fees but this is a general practices. I am an accountant and I found some tenants pay those fees by themselves, it depend on how much you charge for rent.


Scott No Mates's picture

May 17, 2008 - 7:41pm

Joined: 04/05/2005

Tenants ALWAYS pay the phone rental, water consumption (unless it is not metered), power & gas. You pay rates, land tax, building insurance, sewer/water service, initial phone system connection in a newly built premises.

If it is a commercial rental, then you may get rates, taxes & insurances back if it is a net rental.


May 20, 2008 - 9:31pm

Joined: 24/12/2007

Thanks for that :)


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