Thinking about buying an investment property on the Gold Coast, or in Brisbane? Our conveyancing solicitors found this great article with some handy tips for the first time property investor.
Owning an Investment Property – Body Corporate Insurance:
Owning an investment property can be a great strategy for earning some extra income, but there are also costs involved, with one of the major costs being that of insurance. Things are slightly different where your investment property is an apartment or townhouse and there is a body corporate in place. As part of your body corporate levies you are paying for the body corporate to have insurance over the property.
Minimise Tax on Your Investment Property:
Starting a Business: Entering into a Commercial Lease:
When starting a new business, or expanding your current business, one of the first things you will do is seek out an office or retail space to set up shop in. This will usually entail entering into a commercial lease for the premises. However there are a lot of considerations to be made before signing on that dotted line.
Severing the Co-Ownership of Property – Tenants in Common:
Our previous post on co-ownership introduced the concept and the benefits and pitfalls of owning property with others. As you know there are a several ways in which co-ownership of a property can be extinguished, but this depends on the form in which the co-ownership takes; i.e. do you own the property as, tenants in common, or as joint tenants.
