Total Members: 158,198

arpeggio

  • arpeggio replied to the topic 50% owner – ensuring payment in the forum Help Needed! 6 years, 6 months ago

    A licensed Realtor in Australia is not required to independently verify the rightful owner/s of property before preparing lease documentation.
    Sounds comforting.
    :)
    thank you for helping me.
    There is no more questions now.

  • arpeggio replied to the topic 50% owner – ensuring payment in the forum Help Needed! 6 years, 6 months ago

    A licensed Realtor in Australia is not required to independently verify the rightful owner/s of property before preparing lease documentation.
    Sounds comforting.
    :)
    お世話になりました。
    現在、もう質問がありません。

  • arpeggio replied to the topic 50% owner – ensuring payment in the forum Help Needed! 6 years, 6 months ago

    Thank you Terry,
    For No.3, are you saying that a licensed Realtor in Australia is:

    a) not required to independently verify the owner/s of the property before leasing the property?
    b) & that after verifying that there are multiple owner/s, that the Realtor can then go ahead and make a legally binding contract between only one owner & the tenant,…[Read more]

  • arpeggio replied to the topic 50% owner – ensuring payment in the forum Help Needed! 6 years, 6 months ago

    Thank you everyone for theses suggestions.
    To Steve,
    May I say, firstly Wow! Congratulations on what you have built.
    I agree, the “Heads of Agreement” is absolutely vital. I’m beginning to note things down as I think of them so as to include them in the final draft. But yes, I will get it written by a lawyer.

    To Terry,
    1. Can I assume that above…[Read more]

  • arpeggio replied to the topic 50% owner – ensuring payment in the forum Help Needed! 6 years, 7 months ago

    Thank you hobartchic. Yes, of course selling is a option however a rental income stream is more attractive is more attractive for me if it can work. Understanding boundries & minimising wiggle room for possible deviants is my purpose for enquiry here.:)

    Anyone know, What legal standing do i have in the event my brother decides to rent the…[Read more]

  • arpeggio replied to the topic 50% owner – ensuring payment in the forum Help Needed! 6 years, 7 months ago

    Dear Corey & TerryW,
    Thank you both very much for your responses.
    The property manager here seems to be key in all our opinions.
    I will ensure that the contract between landlord & property manager clearly states that all payments to landlords must be split into 2 separate bank a/cs.

    Good point also about property running expenses a/c. I can…[Read more]

  • arpeggio started the topic 50% owner – ensuring payment in the forum Help Needed! 6 years, 7 months ago

    I have 50% ownership of a commercial property (factory) in Melbourne. The other 50% belongs to my brother who unfortunately cannot be trusted completely. (It was an inheritance.) We will rent out the property.

    I’ld like to ask,
    1. what conditions can I put in place to ensure that I will receive 50% payment of the rental income? (An idea I had…[Read more]

arpeggio

Step 1 - 0% Complete

Fill Out Your Member Profile Below

Fill in the required fields below to complete your registration.

Registration not only grants you full access to this website, but will also enable us to send you our newsletter, latest investor tips, strategies and information about events/products relevant to investors. You can opt out at any time.

Used to log in to the website and for targeting with messages. Alphanumeric characters only. No spaces allowed..

Member Login
Lost your password?
×
158,198

Register Free To Unlock Unrestricted Access To PropertyInvesting.com

×
1-Day Millionaire Mastermind Workshop - Only LIVE Training in 2019!