Trying to get my head around some numbers. My husband and I are looking at a leasehold motel. In 2010 the rent was stated as 60,000 per year in the lease and increases once yearly calculated by the cpi. The broker for the motel informs me that the rent this year is 70,909 and he says that doesn’t include GST.
Financial documents given by the motels current leasee has the rent in 2017 as 62,285 not including GST.
Now I’m no expert but that seems extremely high. Am i right to assume the 70,909 is the increase and includes the GST. Im waiting to hear back from the current leasee but thought the brains here may be worth a shot.