PropertyInvesting.com Homepage

commercial lease question

bodyworx11699's picture

Submitted by bodyworx11699 on February 3, 2010 - 11:14am.

Joined: 04/08/2003

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


Scott No Mates's picture

February 3, 2010 - 2:46pm

Joined: 04/05/2005

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.

I am opinionated. Take me at face value, read between the lines.

http://www.reao.com.au/forum/entry.php?80-How-bright-is-your-agent


bodyworx11699's picture

February 3, 2010 - 3:04pm

Joined: 04/08/2003

Thankyou for that. Plenty to think about and negotiate.


Scott No Mates's picture

February 3, 2010 - 7:50pm

Joined: 04/05/2005

More info if you want it: REIQ - Blog

I am opinionated. Take me at face value, read between the lines.

http://www.reao.com.au/forum/entry.php?80-How-bright-is-your-agent


rickypleas's picture

February 3, 2010 - 11:46pm

Joined: 25/01/2010

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

FREE Video reveals an Automated Social Marketing WITHOUT Spending More than 5 Minutes Per Month at your Computer


bodyworx11699's picture

February 4, 2010 - 7:56am

Joined: 04/08/2003

Thanks again scott no mates. Very handy blog.


thecrest's picture

February 5, 2010 - 7:07pm

Joined: 30/05/2004

Outcome is whatever you can negotiate.
cheers
thecrest

the cosmos always delivers so order carefully


Previous Topic

Development approval ownership.

Next Topic

while selecting the best Real Estate Agent

User login

Investing Resources

USA Property PowerPack - ON SALE NOW

Join Our Facebook Community

Featured Investing Resource

1-on-1 Property Mentoring - Join Today and Save $1000’s

Register Your Copy

Want to register your copy of 'From 0 to 130 Properties in 3.5 Years?' Click here to continue

Who's online

There are currently 7 users and 375 guests online.

Social Media

Follow properinvesting.com on Facebook Follow propertyinvesting.com on Twitter Follow propertyinvesting.com on Youtube

Today's Tip

This article reproduced from http://www.propertyinvesting.com/ with permission.
© 2001 - 2011 PropertyInvesting.com Pty Ltd, All Rights Reserved