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Thursday, January 12, 2012

New Tenancy

Continuing from my previous post on Selling With Tenancy?, I have a little good news to share.  Today a prospective tenant came to view the property and agreed to rent. An earnest deposit was paid and the tenant is to move in by March 2012.

What a relief to my friend who owns the property.  In fact, it was very important not to buy with just existing tenancy, but the location, occupancy rate and bank valuation are very important to determine whether a property is worth buying or not.  That is because existing tenancy does not guarantee future tenancy and it is really up to the qualities of the property that determines its rent-ability.

Photo credit: http://truepropertymanagement.blogspot.com/2011/10/what-every-tenant-needs-to-know.html

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