Viewing 4 posts - 1 through 4 (of 4 total)
  • Profile photo of Nathan HouareauNathan Houareau
    Participant
    @the-general
    Join Date: 2006
    Post Count: 107

    Hello everyone

    When it comes to wraps who is supposed to pay for the council rates, the water rates and any wrap insurance?

    Kind Regards

    Nathan

    Nathan Houareau
    Email Me | Phone Me

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,173

    Hello everyone
    When it comes to wraps who is supposed to pay for the council rates, the water rates and any wrap insurance?
    Kind Regards
    Nathan

    That is up to the parties to agree on. It would generally be the wrapee

    Terryw | Structuring Lawyers / Loan Structuring Pty Ltd
    http://propertytaxbook.com.au/
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Aust wide) http://propertytaxbook.com.au/

    Profile photo of David SiacciDavid Siacci
    Participant
    @david-siacci
    Join Date: 2014
    Post Count: 17

    We charge the buyer a weekly premium equivalent to 1/52 of the annualised cost of Council rates, water rates, building insurance and any other statutory charges related to the property. If it is an apartment there will also be body corporate fees that need to be included in this amount. On some properties this is around $40 a week but on others it is up around $70 a week and I have seen higher.

    David
    http://www.siaccisystem.com.au

    Profile photo of Nathan HouareauNathan Houareau
    Participant
    @the-general
    Join Date: 2006
    Post Count: 107

    Sorry for the late reply.
    Thank you for your responses.

    Nathan Houareau
    Email Me | Phone Me

Viewing 4 posts - 1 through 4 (of 4 total)

You must be logged in to reply to this topic.