Commercial real estate can sometimes seem overwhelming with the various terms that are used. Brush up on your leasing lingo with terms, phrases or words you may come across in your commercial real estate dealings. Amenities A feature that provides comfort, convenience, or value to a property. Arrears Overdue payments on a rental agreement where …
Since 2016, the Office of State Revenue imposed a 4% stamp duty surcharge on foreign residents. Then as a result of the 2017 Budget, for agreements entered into on or after 1 July 2017, the surcharge rate has increased from 4% to 8%. The surcharge is in addition to the regular stamp duty payable on the purchase of residential …
After a booming 4 years of property sales and property price growth across the Sydney market, clearance rates consistently above 80% and seemingly unrestrained lending, as the middle of March 2018 approaches and clearance rates (as reported) are hovering around 66%, if you believed what you read, we are heading for market crash. Firstly, a few …
Knowing what to look for when entering into a lease, whether it be residential, retail or commercial, is sometimes confusing. To simplify we have outlined below the following things to consider. Residential Tenants are required to give landlords 14 days’ notice to vacate prior to a fixed term expiry date Tenants are required to give landlords 21 …
2017 has been a big year for Rose & Jones. We have expanded in a number of ways, including welcoming new staff to the team as well as broaden our reach to Victoria & Queensland. To those of you who have been following Rose & Jones for some time, we re-branded at the end of 2016 and began our next …
Certainty in an Uncertain Time The last three years in the Sydney housing market have provided vendors with perfect storm like conditions. Money has been cheap and banks have been providing record breaking competitive lending. This coupled with stock shortages and a rapidly increasing population in major cities has lead to a property BOOM in Sydney. There has …
Rose & Jones Senior Leasing Manager, James Maxwell, highlights 5 key points to achieve a seamless leasing transaction. The Leasing Agent Shows proven ability & passion Provides relevant timely info to Landlords & tenants Negotiates, not just facilitates Has exceptional communication skills Closes deals with tenacity A Property Face Lift Apply a fresh coat of …
Searching for and securing a property can prove to be a very time consuming and stressful experience, as well as a potentially costly one. In this regard, the old adage “fail to plan and you plan to fail” is particularly applicable to the property search and buying process. Fundamental to any successful property search, is …
It is an age old issue when it comes to a tenant vacating, and this is the debate over fair wear and tear vs damage. More often than not the owner and the tenant never agree as the owners sees it as damage and the tenant believes it to be wear and tear. When it …
Real Estate. It is an excellent topic for any social engagement. Everyone is interested in it. They either want in, want out, want nothing to do with it or (in most cases) fancy themselves as a bit of an expert at it. Real estate is one of the only industries that no matter what the …
