Gross rent, or a gross rent lease, is a real estate lease with a flat rate rent fee that includes rent and all outgoings and expenses associated with ownership and the property.
Outgoings and expenses are Strata (if applicable), Council Rates, Water Rates and Land Tax etc. A gross lease can be modified to meet the needs of the tenant/s.
A gross rent lease the owner pays the outgoings. A gross rent lease tenant would pay for Public Liability Insurance, Service/Maintenance to Air Conditioning Unit/S (annual service) and consumables. E.g. Electricity, water usage and additional Commercial contractor for Waste disposal. (If needed).
Net rent, or a net rent lease, is a real estate lease which a tenant pays a base rent fee amount plus paying one or more additional outgoings and expenses associated with ownership and the property.
A net rent lease tenant would pay for Strata (if applicable), Council Rates, Water Rates, Land Tax, Public Liability Insurance, Service/Maintenance to Air Conditioning Unit/S (annual service) and all consumables. E.g. Electricity, water usage and additional Commercial contractor for Waste disposal. (If needed).
It is an option for selling or buying property. This is where a non-binding submission (purchase price offer) is presented by the interested parties by a set date and time for consideration by the seller. Further negotiations are common when seller expectations are not met. This is typically called For Sale by Expressions of Interest (EOI). - Source From www.reinsw.com.au
Going concern is a term used for commercial property being sold as a GST-free sale. It may be treated as going concern when the commercial property is leased when the property is being sold.
GST does not apply to a property when you sell it as part of a GST free sale of a going concern.
If you sell property as a GST-free sale of a going concern you are not liable for GST on the sale and the seller and purchaser may be able to claim GST on other expenses that relate to selling and/or buying the property. This claim includes solicitor fees.
A property can be sold as going concern if all the below apply:
A property that is part of a sale of a going concern can include:
Source From www.ato.gov.au
A standard commercial bond is equal to 3 months’ rent incl GST.
We offer several options to pay rent. The tenant has no excuse for late payments. Rent can be paid the following ways - DEFT, POSTbillpay, BPay, Direct Bank Deposit and DEFT Mail Payment.
Zoning is one way the governments can regulate the use and development of land and/or buildings and control growth patterns and characters of areas.
3 phase power refers to the power supply coming into the property by way of underground or overhead power from the street. 3 phase power is typically used in commercial/industrial situations and large homes with multiple large electric appliances drawing larger currents of electricity.
On the 15th and 30th/31st of the month. Unless those dates fall on a public holiday or weekend, in which case all monies held will be paid the working day before or the following working day, unless instructed by the landlord. A statement is issued at the same time of receiving a payment outlining the debits and credits for that month.
Commercial real estate are retail shops and offices. Industrial real estate normally refers to factories and warehouses.
A warehouse is primarily for storage and distribution. They need to have a high roof line for pallet racking and other storage (6 meters minimum) and good access for large vehicles carrying containers.
A factory is for manufacturing. They are less reliant on height depending on the manufacturing industry involved.
Source From - www.commercialrealestate.com.au
Campbelltown, Leumeah, Minto, Ingleburn, Prestons, Narellan, Smeaton Grange, Gregory Hills, Glenfield, Macquarie Fields, Crossroads, Camden
Fairfield East, Yennora, Guildford, Guildford West, Granville, Chester Hill, Villawood, Berala, South Granville, Sefton, Regents Park, Smithfield
Marrickville, Turrella, Dulwich Hill, Kingsgrove, St Peters, Tempe, Sydenham, Enmore, Kogarah, Petersham, Arncliffe
Chipping Norton, Moorebank, Liverpool, Prestons, Warwick Farm, Lansvale, Casula, Crossroads, Leppington, Ingleburn
Strathfield South, Enfield, Belfield, Punchbowl, Greenacre, Belmore, Lakemba, Burwood
Padstow, Bankstown, Revesby, Milperra, Condell Park, Greenacre, Chipping Norton, Bankstown Airport, Chester Hill, Villawood, Punchbowl, Mount Lewis, Yagoona, Chullora, Belmore, Belfield, Lansvale, Riverwood, Regents Park, Sefton, Auburn, Lakemba, Wiley Park, Strathfield South
Mortdale, Peakhurst, Kingsgrove, Riverwood, Beverly Hills, Hurstville, Carlton, Kogarah, Rockdale, Roselands, Bexley, Bexley North, Clemton Park, Turrella, Wolli Creek, Earlwood, Arncliffe, Belmore, Lakemba, Wiley Park, Punchbowl, South Hurstville, Hurstville, Penshurst, Blakehurst, San Souci, Ramsgate, Banksia, Tempe, Beverly Park
Heathcote, Menai, Caringbah, Taren Point, Kirrawee, Sylvania
Wetherill Park, Smithfield, Guildford, Guildford West, Yennora, Arndell Park, Granville, Penrith, Minchinbury, Huntingwood, Rooty Hill, Eastern Creek, Prospect, Merrylands, Wentworthville, Seven Hills, Blacktown, Woodpark
Lidcombe, Auburn, Regents Park, Sefton, Silverwater, Clyde, Rosehill, Camelia, Homebush, Regents Park, Sefton, Rydalmere, Rhodes, Parramatta, Granville, Guildford
Alexandria, Botany, Beaconsfield, Zetland, Waterloo, Banksmeadow, St Peters, Eastgardens, Matraville, Port Botany, Sydney Airport, Roseberry, Marrickville