6 month lease verses 12 month in mining town

[JPS25]

Hi we are about to rent out our first investment house in Chinchilla. The tenants have agreed to pay $400 a week we just have to sort out 12 month or 6 month they originaly said they would do 12 but are having second thought as to do 6 month. They are coming over from WA and will eventually buy in the area should we go with the 6 month which will run out beginning of Jan or try and get them to sign for 12 months up to beginning of July. Given it is a town that is expected to boom so which is the best option.

Any help would be appreciated

Thankyou

 

[james_w]

Hi we are about to rent out our first investment house in Chinchilla. The tenants have agreed to pay $400 a week we just have to sort out 12 month or 6 month they originaly said they would do 12 but are having second thought as to do 6 month. They are coming over from WA and will eventually buy in the area should we go with the 6 month which will run out beginning of Jan or try and get them to sign for 12 months up to beginning of July. Given it is a town that is expected to boom so which is the best option.

Any help would be appreciated

Thankyou

Firstly is it possible to lease direct to the mining company I have some mining town ips but the leases are with the mining company themselves food for thought...

leasing direct to any tenant in any mining town I would lean towards 12months

it will take longer then 12months for them to build there own place.

 

[Rolf Latham]

12

Bird in the hand

ta
rolf