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Thanks Jonno, useful info.

The Act in VIC says: "s.49, Limitations on recovery of management fees (1) A provision of a retail premises lease is void to the extent that it makes the tenant liable to pay an amount for management fees unless- (a) the management fees relate to the management of the building in which the...

I'm going to chase up this Disclosure Statement and see what else it shows and will post back.

Fantastic stuff. I'll make sure to look into this and have another look at the Act.

Thanks Dazedmw, Can you elaborate on what you mean about the Management Fees? How would you go about doing this? Good point, Land Tax may not amount to much at this level! :D That's great information, thank you.

Great, thanks HE, makes sense.

Thanks HE, Also regarding net rent per square metre, when valuers look at the property which figure for net rent do they use? The one like the agent quoted above in the IM? Or do they look at comparables using gross rent per square metre to assess market rentals?

Thanks. I checked with the agent, maintenance/repairs are paid by the tenant (except of a structural nature). (NB: It is a Retail Lease) The tenant also pays for electricity and phone line. Council rates, water rates (including usage), body corporate and insurance are payable by the...

Hi, I am looking at a property and the Information Memorandum says: Gross Rent: $35000 (I've used different figures) + GST Less: Council Rates: $1300 Water Rates: $580 Body Corporate: $2800 Insurance: $1100 Total: $5870 Net Rent: $29220 + GST Am I correct in saying that the real net rent...