Hi all, really been enjoying reading all of the informative posts on the site.
I've just purchased a small industrial property 150m2.
I have a potential tenant who is asking if I will be requiring a Deed of Lease in addition to the Agreement. My lawyer insists that it is necessary for my protection (ie. guarantee of income etc) but the agent is adamant that sort of thing in included in an Agreement and a deed is just more $$ for the lawyers. The value of the lease is less than $20k per annum. Any thoughts?
I've just purchased a small industrial property 150m2.
I have a potential tenant who is asking if I will be requiring a Deed of Lease in addition to the Agreement. My lawyer insists that it is necessary for my protection (ie. guarantee of income etc) but the agent is adamant that sort of thing in included in an Agreement and a deed is just more $$ for the lawyers. The value of the lease is less than $20k per annum. Any thoughts?
Comment