QUOTE(chingfui @ Dec 28 2012, 10:58 PM)
2 year tenancyif break within 1 year compensate 12 months rental
Investment Tenancy Agreement, Need some advice here
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Dec 28 2012, 11:27 PM
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276 posts Joined: Sep 2007 From: bestpropertydeal2012@gmail.com |
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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. "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. |
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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. 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.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. Add value your property to find for good tenant This is How I help my client rent out 53 properties in same way. |
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Dec 29 2012, 08:09 PM
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