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Originally Posted by JakeB
Ok sorry misunderstood.
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My fault too. When I re-read my post, I've seen that its no wonder that you took it wrong way. That's the problem with written communication...
Quote:
Originally Posted by JakeB
I was talking hypothetically.I have a newly rented new unit and was wondering what would happen if I wanted to sell within the three years.
It does seem however that anyone with any intelligence will know that any 'discount' will be added on anyway before its taken off.
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It would depend on your contract and the rent you are charging. I would guess that lets say in 2 yrs time the rents would go up significantly, while you wont be able to increase for more then 5% (unless the law changes again).
In that case it will be very hard to sell it for its full value.
Btw, is there any reason why you took 3 yrs contract?
For 1yr contracts it would be easy to find the buyer, provided the rent is levelled with the market rate.