Couldn't really figure out where this one is supposed to go so have used the 'innovative technique' heading with relation to the government decision.
I have a property in Tassie, and this is fantastic news. I got a letter a while ago regarding this, but it is highlighted in this months API. (Rates in Tassie aren't that high anyway I don't think from memory)
As of July 1, 'three regional water corporations have fully taken over as providers and managers of water and sewerage services in Tasmania.
'Landlords can now hand over to tenants the complete payment responsibility for water and sewerage in a 'user pays' system.' A government spokesman said in order for this to happen, landlords will need to reduce rents. As REIT CEO says, it is basically impossible for landlords to reduce rents, especially when most tenants are bounded by fixed agreements. He then queries the governments thoughts and says ' the treasureer seems to be suggesting that he can force alterations to fixed contracts between private parties. This is impossible'
I know there is alot of discussion on the boards with respect to water rates and who is responsible. Hopefully this great idea can be injected on the mainland.
My property in London has this arrangement, and no utilities are paid by the landlord. The only outgoings are mortgage, property management fees and insurance. The tenant is responsible for paying even the rates over there. (or Council Tax as it is called)
I say bring it on.
Cheers,
F
I have a property in Tassie, and this is fantastic news. I got a letter a while ago regarding this, but it is highlighted in this months API. (Rates in Tassie aren't that high anyway I don't think from memory)
As of July 1, 'three regional water corporations have fully taken over as providers and managers of water and sewerage services in Tasmania.
'Landlords can now hand over to tenants the complete payment responsibility for water and sewerage in a 'user pays' system.' A government spokesman said in order for this to happen, landlords will need to reduce rents. As REIT CEO says, it is basically impossible for landlords to reduce rents, especially when most tenants are bounded by fixed agreements. He then queries the governments thoughts and says ' the treasureer seems to be suggesting that he can force alterations to fixed contracts between private parties. This is impossible'
I know there is alot of discussion on the boards with respect to water rates and who is responsible. Hopefully this great idea can be injected on the mainland.
My property in London has this arrangement, and no utilities are paid by the landlord. The only outgoings are mortgage, property management fees and insurance. The tenant is responsible for paying even the rates over there. (or Council Tax as it is called)
I say bring it on.
Cheers,
F
