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Reply: 1.1.1.1.1.1.1.2 From: Owen . That's excellent Pierre. It explains a whole lot of things and provides a practical use for the theories. Michelle and I were throwing around ideas about the value (or not) of selling our house to our trust just last night. I'll print off your post and...

Reply: 1.1.1.1.1.1 From: Owen . Cheers Paul. One more before I check with the proper authorities. Does tenant2 sign a lease with tenant1 or is the original lease assumed? If the landlord is still responsible for repairs etc (which I thought would be the case) then I guess the same lease...

Reply: 1.1.1.1 From: Owen . Thanks Dale. Just following on from that, who would be responsible from the landlords point of view. I'm a landlord, lease IP for 10 years, tenant1 sub-lets to tenant2 and hot water cylinder blows. Who fixes it if tenant1 is earning an income from the sub-let?

Reply: 1.1 From: Owen . This makes me think of something I posted on another forum but got no answer too. If I signed say, a 10 year lease with the ability to sub-let and I do, how is this treated for tax purposes. If it is let for more than my primary lease payments, I assume will pay tax...