Do I have to pay outgoings? Each property is different. Some properties will be advertised as Net Leases where the tenant pays these outgoings while under a gross lease the lessee just pays the rental and the landlord pays the outgoings. All is negotiable at the time of entering the lease agreement.
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What are outgoings? Outgoings are costs incurred by the Lessor in relation to the premises. Outgoings can include the following: Local council rates and charges Land tax Water availability and consumption Sewer/ trade waste Insurance Owns corporation levies/ contributions Click here to read about paying for outgoings?
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Is a commercial lease different to a residential lease? Most definitely. The lease document outlines each parties obligations over the period of tenancy. We progress through the initial leasing process to prepare a detailed heads of agreement (letter of intent) so that each party is fully aware of their obligations. At all times all parties are able to seek independent legal advice and we encourage …
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The Fitzpatricks Report for the 2018 Financial Year has been released and includes some interesting statistics from residential sales, property management and commercial. It is the only full and comprehensive report primarily aimed at providing you with the latest Wagga Wagga market data and knowledge to help you identify where potential real estate growth exists, including comparable data from NSW and capital cities.
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During the cooler season, there are a number of things you can do to help lease your property with as little vacancy as possible.
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