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  1. #21
    Join Date
    Nov 2008
    Location
    Karratha WA
    Posts
    1,463

    Default

    Quote Originally Posted by SwissKiwi View Post
    Hello lads - surely a clause can be added that assigning of a lease is subject tn the approval of the landlord?
    ?
    or is it the old 'shall not withhold without good reason' situation? -
    Yes, it is worded as 'without good reason'

  2. #22
    Join Date
    Nov 2008
    Location
    Karratha WA
    Posts
    1,463

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    Quote Originally Posted by mattinvestor View Post
    yeah i've noticed too that retail and office commercial properties have been more empty recently. Industrial commercial property could possibly be better to invest in, no?
    Industrial traditionally makes it through downturns better.

  3. #23
    Join Date
    Oct 2005
    Location
    Auckland, NZ.
    Posts
    617

    Default

    Yes, it is worded as 'without good reason'
    Thing is - why not reword it and just say 'at the landlords sole discretion'

  4. #24
    Join Date
    Sep 2007
    Location
    Auckland
    Posts
    7,279

    Default

    SwissKiwi, yep you can put anything you like in an agreement really.

    But of course you have to get the tenant to agree to it.

    So while you there's nothing to stop you from putting something like that in a lease (or rather, removing the existing right to assign), many tenants would just not agree to that.

    They're signing up for maybe 6 years on a place, anything could happen in that time. They or their partner, or children could get sick, their business could go down the tubes, they could get a better business idea they want to pursue and so on. So many people like to have this 'out'. And I can just hear the solicitors acting for the tenant telling them not to give up their right to assign the lease...

    Having said that, I imagine there are cases where it is done. This would be where it's a very large tenant commissioning a new building, or a very specialised building and/or fitout. Or something like that where the landlord is going to a lot of trouble to secure a particular tenant and doesn't want to be left holding the baby should the tenant want out.

  5. #25

    Default

    Start young that's what everybody says... residential first, learn the laws and rules, follow and then grow

    here we come commercial.
    get help from the best buyers agent in Australia for FREE...

  6. #26
    Join Date
    Nov 2011
    Posts
    446

    Default

    I would think that it would be best to buy a residential property, and try to flip it. If all goes well, you could put the house back on the market & profit from it.

  7. #27
    Join Date
    Nov 2011
    Posts
    446

    Default

    Well, for me, I have not seen too much improvement with the residential real estate market. On the other hand, it seems that commercial real estate has hit it bigger than ever. What do you think is better? I think itd be better for me to invest in commercial.

  8. #28

    Default

    Given the fact that you can better leverage your money with residential and it is easier to learn, this is often best for beginners.

    Comm/Ind property can provide fantastic returns for those who have a lot of capital, and for those who know comm/ind property very very well. A mistake in comm/ind. can be VERY expensive.


 

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