Asked by Steven
1) What is the estimated current rental for a 3 bedroom mid-floor unit at The Springs 1,119sf facing Moulmein Road (One year vs two year lease)?
2) My unit is currently rented out. Under the lease agreement, the tenant has a right to renew for a further 12 months at the "prevailing market rent" if he gives notice not less than 2 months before expiry of the tenancy agreement (30 June 2011). If no agreement is reached on the rental amount, both parties are to appoint a valuer to determine the rental amount. Roughly how much do valuers' charge for this service?
3) If I do renew with the existing tenant, all I need to do is get the new tenancy stamped or make an addendum to the existing tenancy agreement and get it stamped?
2) My unit is currently rented out. Under the lease agreement, the tenant has a right to renew for a further 12 months at the "prevailing market rent" if he gives notice not less than 2 months before expiry of the tenancy agreement (30 June 2011). If no agreement is reached on the rental amount, both parties are to appoint a valuer to determine the rental amount. Roughly how much do valuers' charge for this service?
3) If I do renew with the existing tenant, all I need to do is get the new tenancy stamped or make an addendum to the existing tenancy agreement and get it stamped?
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