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  1. L

    bond for commercial

    aaron, with the residual value, it doesnt affect me as the landlord ? i would have thought it would be more to do with the tenant ? please correct me if i am wrong. and the place is basically just an ugly concrete shell with hot water system fitted, and plumbing installed to get the...
  2. L

    bond for commercial

    yes, dazz, i would say i bought the lease along with some other commitment that comes with it. i did read about it, but i don't memorize all of it, all i know is this stack of paper that is presented to me favor the landlord more than the residential lease agreement that i have before. it...
  3. L

    bond for commercial

    i suppose this is like exam, you read about it, but you dont memorize it until it is needed. now that i have asked the question of the bond, i know where to find it next time. and obviously do not want to make any mistake, but i guess this is more forgiven when there is mistake, as it...
  4. L

    bond for commercial

    hi dazz, the place is bought with existing lease in place, so still learning to what it means as to have it in writing. as this is small regional place, mistake would not be too bad to learn from. i thought we all learn from making mistakes ? ;) cheers
  5. L

    bond for commercial

    hi kum yin lau yes, the bond is held by previous agent, i think they are releasing to the old tenant, as they already know about the change over. what do you mean by forward payment of 90 day ? is this prepay the rent for 3 month ahead ? and yes, it happens to be hairdresser, what is...
  6. L

    bond for commercial

    yep my first one.. bought with current lease in place, so all the conditions are spell out in the lease already. i suppose it will be tweaked if there is any requirement to. and since the entry are not that expensive, it will be a good stepping stone to understand & learn the cip side...
  7. L

    bond for commercial

    bond is kept by landlord, it is specified in the lease agreement. thx aaron. this makes me have to study the lease more now.
  8. L

    bond for commercial

    thx aaron, the lease is thick, and i guess i havent master it yet (being this is the first one to learn on).
  9. L

    bond for commercial

    hi everyone, just want to ask quick question here, we just settled on a small commercial in regional. question here is who hold the 2 month bond that tenant has ? is it going into our accounts or is there a trust account like residential property ? situation is, the tenant is changing...
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