A lease is a word that safeguards the owner’s rights on his property at the same time it lets another use the property for as long as the lease specifies. The lease rules in Australia need to be well understood before taking any property on lease or giving your own property on lease. Rental property lease documents must be seen by an attorney of both the parties, to keep both the leaser and the other party happy. The real estate companies have their in house attorneys, saving you a lot of trouble.
Commercial property lease has many small details which need to be worked out between the owner, the agent and the prospective tenant. The owner may have specific areas of the same property which are not for lease, like a warehouse or a garage in the same building. The tenant may have some problem areas which he may want to get cleared before getting the property on lease, the estate agent acts as a mediator during the entire process and gets his fees in return.
When you are leasing out your house you may want to get some details about the new tenants, or they may want to make some changes to your house. This will again have to be worked out between you and the tenant through the estate agent. A house modification may or may not be allowed and this could make or break a deal. Residential property lease can be a little more complicated than commercial property, when the family is involved every little detail needs to be worked out. Finally living in a house is rather different than working from an office. If your hot water system fails in the commercial property it’s not a big deal but when the same were to happen at home it becomes a big issue.
Hunting for the right property for sale, selling or leasing are all part of the real estate game, net lease of properties has made this business much simpler. It is good to get all the details online before going after the property of your choice. The house of your dreams or the office of your needs it’s all there waiting for you, as they say there is a little place on this planet for you and for me.
Property Lease