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A bit of a mess at the moment...:( Tenant stops pay rent due to redundancy, PM sent out appropriate notices and has scheduled a tribunal hearing today, still talked with the PM 2 days ago regarding the tribunal, but after today hearing time, try to contact the PM to get an update, instead...

Hi, As far as I understand, buy & hold investors would normally set up the loan with an initial IO terms, then extend this IO term when it expired (ie: after 5 years), and repeat this process to have the IO term for as long as it could until wind down. Now if the age of the investor is in...

Hi, IP start off with tenant A and tenant B on the lease agreement, during the tenancy, tenant A broke the shower screen, they agreement they would fix it before they move out or we can take the cost out off their bond. Lease expired, tenant A moved on but tenant B stayed, and bond...

Tenant has moved out 1 month before the lease expire, but he has paid the rent until the expired date. PM has advertised with increased rent, and IF he is able to find a new tenant to move in well before the old lease expired date, do you think the old tenant should be able to get some...

Hi All, Just bought a house with existing tenant with rent is around $70 below market value, the lease is going to expire soon, so definitely there will be a rent increase, but I doubt that I can increase the rent by more than 30% per week. Is there any legislation that specified the max %...

The rent is $40 below market value, since tenant is good, so notify the PM to increase $20 after the lease expired, tenant has sent a letter to inform that they will move on when the lease expired. Fair enough, so PM has put the IP back on market and advertise with the market value. There are...

The company has decided not to increase the base salary for staffs who have their salary at peak, instead, it pays them a bonus, vary each year. I have checked with the accountant, bonus is not considered as a regular income when the bank assess a loan (not 100% sure about this). I have...

I understand when a fixed lease agreement end and the tenant didn't sign up a new lease, the lease will fall into a periodic agreement. But my case is a bit different here. Tenant A and tenant B shared the property, both names are on the lease, when the fixed lease end, tenant A moved out...

The agent told me it is confidential as it contains bank account and personal details of the tenant, so there is no way he would disclose it to anyone, including the landlord. I thought he is acted on my behalf to manage the property.....am I totally wrong here.....:( Super.

Own a unit in a block of 5, none of these units are owner occupied, and none of these other owners have attended any of the BC general meeting, this means I have never met any of those owners, lets along have their contact details. Found that the BC manager is quite slack, but before to take...

Own an unit in a block of 5 with shared water meter, hence by law I am responsible for the water usage. Recently all owners vote to install separated meter, and there is a tenant with 12 months fixed agreement. I have checked back the rent agreement and all the advertises, there wasn't...

One of my tenants is always a good tenant, honesty, pay on time, maintain the property well, pretty much trouble free for the last few years. Until a few months ago when she notified the PM that she is having some issue with her employment, then she start to pay late by as long as 2 weeks...

Let's say a letter has sent out to the tenant to notify the rent will increase in 2 months time (eg: 01/07/2008), and the tenant has accepted it. But the tenant try to pay rent in the old rate before 01/07/2008 to avoid the increase for an extra month. Is this possible...:confused: Super.

In Victoria, there is a statement in the contract stated: "The 3-day cooling-off period does not apply if - You received independent advice from a solicitor before signing the contract" I went to an inspection and request the contract of sale and the vendor statement, the agent told me...

I start off with 4 weeks rent as the bond, but after a number of rent increases, it is pretty much go down to around 3 week rents for the current rate. How is that work....does the bond needs to top up somehow...:confused: Super.

A friend of mine has a double settlements next week, but the bank just called and said they can't find the title of his property. There are still a few more days to go, but if the settlements have been delayed due to this incident. What rights does he have? Can he claim against the bank for...

I asked my PM to review the rent on the properties every 6 months. He said he can't, as the company policy only allow to review rent annually. Then I asked if I could have a look at the policy document, he said I can't, as it is confidential. Does anyone know such policy exist in a realestate...

Selling a commercial property, all outgoings are paid by the tenant with a 10 years lease in place. Have secured a purchaser with 10% deposit. The transaction should settle a couple of weeks ago, but the purchaser has delayed the settlement as they request the latest Form3 from the tenant...

Let's say the weekly rent for a year fixed agreement is $200. In general, is there a magic formula to work out the rent for half yearly, 3 months, or monthly, etc...??? Super.

I used to learn all the principles from the investment bibles that you have to arrange your finance before jump into signing the contracts, at a bare mimumum to find out how much you can effort, and who may lend that to you. At the same time, I also find out people are securing their deals...