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First time lease optioncheryl [11 Posts] Hi all, I have a property in a regional town that is currently rented out. The tenant is moving on in June and I am considering doing a LO. I purchased the house for $87,000 in February and am wondering where to start with doing a LO. What is a fair asking price for the house, what rent do I charge, what is the first step? Thanks in anticipation.   Terryw [6491 Posts]  There are a large number of ways you could structure LOs. eg charge them $50 pw week extra rent and then give the tenant a discount onmarket value whne they purchase. it could be a dollar value ie double teh extra rent they paid as a discount, or a percentage value discount. There are other examples in Steve's book. Terryw |
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In The NewsAuctions - lonely affairs? The global crisis is creeping into the property market with auctions becoming lonely affairs and Melbourne clearance rates falling. No Housing Revival Just Yet! Auction clearance rates slumped again over the week-end leading experts to advise investors that they will have to wait another year for a revival in the housing market. RBA Slashes Rate RBA announces the biggest rate drop in 13 years - down 1%! Today's TipPrice is usually the lowest common denominator when attracting quality tenants <more> Active forum topicswhat does a 1% drop in rates do for us? Author: crashy Property bust not here yet ... worse to come Author: wealth4life.com Who's OnlineTake The Test
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