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Interesting take on this, There are some items that can be mutually resolved, despite what the lease says. There are others that shouldn't i.e. payment of the rent on time.

The other day a landlord explained to me that he wanted to change managers as the agent has upset the tenant, tis a commercial property. Getting to the point the landlord conveyed what i understood to be the agent enforcing the terms of the lease. So I spent last night asking myself, why...

Without knowing the full details I would buy now. However: If you can get an option to purchase the building in 3 years time and only need to pay $21,000 ($7,000 over 3 years) knowing full well that if the market drops further that you will pick it up for less then I say take the option...

Ok how does he wish to structure the deal Jackbak, Is it an option to purchase, instalments, really long settlement? If it is an option attached to the lease or some other document and correctly worded I say go for it! what have you got to lose. if it is something else then you need to...

I have heard a lot about the pitfalls of investing with people you know. I understand that most issues occur when agreements between the parties do not contain a process to deal with a particular issue. So I ask what issues should such an agreement contain or rather have you faced an issue...

hahahaha sorry to be a pest but an owners corporate that holds one AGM and sends a quartly or annual bill and mostly tells me that X is the unit holds gets paid more then the pm.:eek: $1800/52 = $34.61pw / the percentage that you pay the pm (i.e. 7.7%) = $440pw in rent. and then they...

well dazz that is interesting I am in the process of deciding whether to aquire a site here in VIC shall post details soon however the difference between the gross and net rent options don't make sense. The only thing I can think of is that there were some pretty nice incentives for the ingoing...

reading through the act all I can say is Damn W.A. seems to have a real sucky act compared to VIC's I read this "(1f) If there is a provision in a retail shop lease in respect of any premises to the effect that the tenant is obliged to make a payment to or for the benefit of the landlord...

yeah you'll be amazed at the amount of reports we now have to generate thanks to some stupid PI insurance advisors scare tactics. roflol you are so right 1, 4 and 7 made me laugh, interesting stuff I can agree with 2, 3, 14 and 15. good to hear that you are still enjoying though why...

Amazing I would kill for an opportunity like that although not in W.A (not that I was advertising) like you said one problem is that these guys don't own properties like these themselves. Hell I use to hop on the roofs of 3-5 story buildings almost weekly it was the only way to get a solid...

Dazz have you ever thought about hiring a shopping centre manager to deal with the headaches, I am not talking about a REA I am talking more of an asset manager that only looks after that shopping centre. I was looking into buying an 11 story office block, one attaction was that I could...

Good to hear that you are having as much trouble getting the tigers in the cage so to speak as we do. 6 months later and still waiting on the approval to draw up new lease docs for a large health services provider. lease ends in 1 month (thankfully we have a new tenant waiting.) Dazz do...

Thanks Dazz, is the ROI bit right i.e. 3k/95k = 3.15%

so then it is. 13k/210k = 6.19% Gross passing Yield. why not include the outgoings, if you own resi you have to pay for them and on the income statement it looks like: Income: 13k rent 4k contribution to outgoings Expenses: 4k outgoings Nett income = 13k (prior to finance costs...

Ok so I have seen alot of people throw around figures of yield on their investment properties. (for the moment lets forget capital gains) The question I have is are these nett yeilds or gross yields. In commercial when the tenant pays "all" outgoings do you include these in your yield...

I am sure that if you had not have settled on time or delayed settlement the vendor would have charged penalty interest to you so why should he get a discount:confused::confused::confused:

Totally agree with the above two posts. Funny how many tenants go to the tenant advocacy service then come back to me telling me how I shouldn't be doing X and Y is illegal. then I ask them who told them that. "Oh I spoke to consumer affairs" or "I spoke to a property manager friend of mine"...

Well in my opinion you would need to setup a owners corporate to deal with the common area issues this would lead to quite higher occupancy costs in the eyes of both tenants and purchasers. not to mention you would be losing most of the powers you have being the sole owner, whilst you may...

Dazz I thought I might point out a potential problem by holding those deposits yourself as I thought that you had to lodge it with the Director General. Linky Dealing with this day in day out and being under pressure from people wanting their money yesterday is part and parcel. As you...

well without seeing the details and knowing the local market of this investment I can't help all that much. that said this is a common theme among shopping centre tenants one of my friends ended his lease with centro owing over 100k in rent. they let him walk as they had another tenant however...