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Investment Tenancy Agreement, Need some advice here

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eecmlib
post Dec 28 2012, 11:27 PM

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QUOTE(chingfui @ Dec 28 2012, 10:58 PM)
Haha, I did that too, but i modify myself also.
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2 year tenancy
if break within 1 year compensate 12 months rental
eecmlib
post Dec 29 2012, 09:43 AM

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QUOTE(BeastB @ Dec 29 2012, 02:37 AM)
Preferably new tenancy agreement. Unless your old one had a clause "Renewed automatically with same terms and conditions" but you will still need to re stamp if you want to declare.
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"Renewed automatically with same terms and conditions" add this clause only if you monitor all your tenants closely and they are good tenants.
Example==> tadika /day care/ cooperate client

Usually I will go for 2 year tenancy for female client such as nurse...
5 years tenancy for tadika
No 1 year tenancy so far.
eecmlib
post Dec 29 2012, 10:51 AM

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QUOTE(AVFAN @ Dec 29 2012, 09:59 AM)
quite right... for residential, it was commonly 2yr+1yr or 2+2.
but due to many available houses and highrise now for rental, many tenants start to insist on 1+1.
in my experience, most of them get out after 1 yr because they find a better one nearby with same or slight rental incr.
this says the yield for rental props is flat or getting lower as there is ample supply for rental.
there are many cases where a good rental is achieved for 1 yr, then stays empty for 1yr before next tenant comes in.
this is happening in many places. when situation will reverse, nobody knows.

for commerical operations, it is usually longer, maybe 3+1, 3+2, or in the case of banks in shoplots, 3+3+3, total 9 yrs with a provision for a capped rental incr every 3 yrs.
again as previously mentioned, there are no hard and fast rules. both sides need to agree, according to prevailing and anticipated future market conditions.
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to safeguard and lock tenant while you property in their top choice, U have to go for 2 years and select your tenant wisely no rush.
Add value your property to find for good tenant
This is How I help my client rent out 53 properties in same way.
eecmlib
post Dec 29 2012, 08:09 PM

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QUOTE(BeastB @ Dec 29 2012, 07:57 PM)
Are you an agent? If so, I might need your service around summer next year.  smile.gif
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both
Realtor : Certified International Property Specialist, US && member of NAR, US && MIEA
Buyer : Accumulate property as money making machine

 

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