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  • Profile photo of sulosulo
    Member
    @sulo
    Join Date: 2004
    Post Count: 15

    Hello there,

    I am about to put an offer for a registered student accommodation in Brisbane.
    Other than the usual subject Finance, Subject to Building and Pest inspections. I am looking at putting the following:

    • Subject to sighting the RTA approval paperwork
    • Subject to sighting the existing lease agreements and handing over the existing tenancy lease agreement and any bond money with the sale.
    • Subject to sighting the cash flow statement for FY08/09

    Have i missed anything?

    TA

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,018

    Remember in Qld that the date the contract is executed you as the buyer are responsible for  the Buildings Insurance.

    Given that most insurers will run a mile when you mention Student accomadation you might want to line up you Insurance Cover in readiness for the offer being accepted.

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
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    0-40 Properties in a decade with a unencumbered portfolio value in excess of $40M. Ask me for a copy of my API Interview.

    Profile photo of SarahSarah
    Participant
    @sarah101
    Join Date: 2015
    Post Count: 10

    I know your post was a while back, but what was the outcome of your application? Was there any benefit or did it just put you on the council radar?

    Hello there,

    I am about to put an offer for a registered student accommodation in Brisbane.Other than the usual subject Finance, Subject to Building and Pest inspections. I am looking at putting the following:

    • Subject to sighting the RTA approval paperwork
    • Subject to sighting the existing lease agreements and handing over the existing tenancy lease agreement and any bond money with the sale.
    • Subject to sighting the cash flow statement for FY08/09

    Have i missed anything?

    TA

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