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Well, you are right. After 7 months of stuffing around I have walked away. The final straw was that when I went to sign the contract again (3rd time) there were further issues that hadn't been discussed but were suddenly features of the lease. The last one was that they would not be...

Well I have decided to proceed with this deal and am now waiting for a confirmation letter from the RE encapsulating all that was discussed throughout the negotiations. We will see if that reflects what I want. It's a slow game. Cheers

An update The original CIP that I started this thread with went to auction and I was the highest bidder - t my original offer price. Property was passed in and the owners are now trying to find a new tenant. Eventually the market will rise enough that they can sell at their price. This was...

Thanks for sharing your experience. This is also my view on this deal. I opened discussion with the statement 'where's the lease'. Just over two weeks and still haven't sighted one. If the lease isn't right then it will kill off the deal. Reason for selling is that 2 partners own the property...

Maybe you need to go back to playgroup. Obviously you haven't learned to socialise nor developed the perception to understand the level of experience that various posters have.

Bit anoying as you get some valuable info from a normal resi contract - sewage and drainage also on title there are some covenant which I still don't know about. Last time I bought my factory unit I received contract immediately. What sort of terms are you referring to. My offer was a 3 + 3, a...

Well made an offer but based on the current owner,, soon to be tenant, fixing or agreeing to fix at end of tenancy the brick wall that has impact damage. The vendor has replied 'No'. Take it as is. He also makes some spurious remarks re Fair wear and tear. Does this mean that he sees crumpled...

Good on you, it's exactly my thoughts on the offer I made. If they don't accept then at least you have conditioned them for the next buyer

No progress so far or maybe a lack of progress. They rejected my offer or at least wanted me to up my offer. I proposed that they need to counter offer and the RE seemed to be hesitant to come back with counter.:confused: So it's all up in the air. I will proceed with this warehouse if they...

Not over the moon but acceptable. I feel the building has prospects. Cheers

Would have paid the asking price:p All will be revealed once it's either thru or falls through

Enough to make the returns better lol

This afternoon put in an offer on Commercial unit $265k below their wish price. Looked it up on RPData and this time the property has been listed since June this year and previously it was listed at $565k above my offer and was on the market for most of last year having eventually dropped by...