PropertyInvesting.com | wazwaz71 | Activity https://www.propertyinvesting.com/members/wazwaz71/activity/ Activity feed for wazwaz71. Mon, 13 Apr 2026 18:15:05 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 b6fdf51ff2931887de1c935f93ceb124 wazwaz71 replied to the topic Lease Option in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4387676-lease-option-7/#post-4558679 Thu, 14 Dec 2006 23:31:04 +0000 To settle in July 2009.

Cheers

wazwaz71

]]> d4c08f3f166e6d606d9a9c4135002dd5 wazwaz71 replied to the topic Lease Option in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4387676-lease-option-7/#post-4558677 Thu, 14 Dec 2006 04:23:31 +0000 Yes the tennant is existing. We think we have now covered all the bases in that rent will include council rates. It will be a new lease agreement with a certificate from tenants & their legal advice stating they have legal advice abount this matter. The Option will include mtce exps being a condition of the option. The rent will increase in line…[Read more]

]]> 06e818db12196a0d27e2e306756d46f4 wazwaz71 replied to the topic Lease Option in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4387676-lease-option-7/#post-4558675 Wed, 13 Dec 2006 12:47:29 +0000 I have been told by my solicitor that the RTA does not allow for the increase that we have agreed on.

The actual agreed rent increase is 30% plus $2K down (taken off purchase price on completing option / sale) & all maintenance & council rates covered by tennant / purchaser.

RE Contract for Sale – If I was buying the prop under an option I…[Read more]

]]> 6fccb361557d17baaef442cf709be681 wazwaz71 replied to the topic Lease Option in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4387676-lease-option-7/#post-4558673 Wed, 13 Dec 2006 07:15:29 +0000 Thanks Terryw,

Another question, how about if the maintenance costs are a condition of the contract of sale ?

So at this stage the deal would be structered as follows:-
– 10% rent increase
– option to include X amount as deposit & Y amount per week to cover the increase in rent that can’t be covered under a lease arrangement due to limits in the…[Read more]

]]> 442dbfd13f1102f75b5a94acea47b161 wazwaz71 replied to the topic Lease Option in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4387676-lease-option-7/#post-4558672 Wed, 13 Dec 2006 05:26:48 +0000 On NSW Central Coast, the tennant pays Electricity, Water Usage, Gas.

Council rates are paid by landlord. The Water availability charge is part of council rates.[blush2]

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