Hello folks,
I have something to run past you.
It's a bit cheeky.
I'm interested in buying a house that has three self contained 'units' (like house with two granny flats in addition). Because it's not officially a triplex, I can't rent it out like a normal block of flats. One of the self contained areas has its own power supply, but all three are on one water meter.
So anyway, most of you would run a mile by now (so would my property manager). That's okay. Stop reading now or you'll be horrified. For the rest of you, please read on.
So anyway, I've been reading the legislation tonight. (And thus ruled out F18 Rooming Accom option.)
It looks like I could rent out the house to one tenant, but that it would be reasonable for the tenant to be able to sub-let the three areas (i.e. units) to other tenants.
I have a business. It strikes me that my business could be my tenant, and sub-let three leases in keeping above-board with the RTA forms and formal bond and such while not being in breach of Council planning laws either. The other head lease option might be to rent it to a family member and have them sub-let it out.
Which is where I get to my question... has anyone on here done/tried something like this? Your thoughts?
Penelope.
I have something to run past you.
It's a bit cheeky.
I'm interested in buying a house that has three self contained 'units' (like house with two granny flats in addition). Because it's not officially a triplex, I can't rent it out like a normal block of flats. One of the self contained areas has its own power supply, but all three are on one water meter.
So anyway, most of you would run a mile by now (so would my property manager). That's okay. Stop reading now or you'll be horrified. For the rest of you, please read on.
So anyway, I've been reading the legislation tonight. (And thus ruled out F18 Rooming Accom option.)
It looks like I could rent out the house to one tenant, but that it would be reasonable for the tenant to be able to sub-let the three areas (i.e. units) to other tenants.
I have a business. It strikes me that my business could be my tenant, and sub-let three leases in keeping above-board with the RTA forms and formal bond and such while not being in breach of Council planning laws either. The other head lease option might be to rent it to a family member and have them sub-let it out.
Which is where I get to my question... has anyone on here done/tried something like this? Your thoughts?
Penelope.