Just wanting to check the legalities of multiple tenants.
The IP we are in the process of purchasing is a 3 bed 2 bath duplex. It is currently rented out to 3 separate tenants giving a better than expected return. I didn't think this was a legal situation until reading Steve's book where he said it was a good thing!
The property is in NSW
Mick
Have you ever lived in a share house?
Provided you aren’t resorting to splitting up bedrooms lounges and dining rooms to create extra bedroom areas ie you aren’t building any rooms there should be few issues.
Hi Scott,
Yeah I have, but we wont go into that!
No extra rooms being created and the tenants seem to be getting on so it may be a win win.
The only thing I’dsuggest is putting smoke detectors in each bedroom (hard wired & linked together).
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