OK,
So the property has been purchased!
have obtained a rental appraisal @ $420/week.
As mentioned it will be rented to a family member for over 30 years.
I will be getting them to sign a rental agreement (as you normally would) Two questions regarding the rental agreement, can you have the contract on that rental agreement be for 30 years (may be too long?) and also the rental apprisal shows $420. no issues with ATO if we do have on the rental agreement say $380 - $400/week at all?
So the property has been purchased!
have obtained a rental appraisal @ $420/week.
As mentioned it will be rented to a family member for over 30 years.
I will be getting them to sign a rental agreement (as you normally would) Two questions regarding the rental agreement, can you have the contract on that rental agreement be for 30 years (may be too long?) and also the rental apprisal shows $420. no issues with ATO if we do have on the rental agreement say $380 - $400/week at all?