If you own a parcel of vacant land that you’re not using, then it makes sense to rent that land to someone else. You receive income for land that’s just sitting there, and the other party can use the land to fulfil a purpose.
But it can be a hassle to organise a lease and spending hundreds of dollars in legal fees can make the whole idea seem risky.
What if you could get a lease for renting your vacant land for a fraction of the normal cost of seeing a lawyer?
Meet John, he owns a vacant plot on the outskirts of Jindabyne. He’s been approached by Peter who is looking for somewhere to store his earthmoving equipment.
John thinks it’s a great idea and speaks to his local solicitor who quotes him $1200 to draw up the lease.
John is shocked, and just about to decline Peter’s offer when he decides to do some research online.
He finds a vacant commercial land lease template (just like the one his solictior would use) that he can download and complete himself.
John adds the pertinent details of the deal like:
John makes sure he reads the whole document to make sure he understands it all, and hands it to Peter so he can check over it. They agree to go ahead.
The job is done in half and hour, is signed by both parties, and Peter starts moving his machinery onto the land the next day.
No Fuss, No hassle and both parties are legally protected!
By using a property lease, the property owner protects their investment in a couple of ways.
Firstly it clearly sets out the do’s and don’ts of the leasing arrangement so both parties understand their obligations to each other.
Secondly if the tenant breaches any of the lease terms, then the landlord can take action based knowing they can rely on the lease as solid proof as to what was initially agreed upon.
Common breaches include events such as
Just imagine what it would be like to have to deal with any of these situations based on a verbal or inferred agreement.
If your tenant does not agree with your version of events, which is likely because human beings rarely remember things in exactly the same way, then it’s most likely that discussions with the tenant are going to quickly turn into arguments.
Animosity reduces your ability to resolve the current breach and sets the stage for future unhappiness. This affects your financial bottom line because an unhappy tenant is less likely to treat your property well or pay their rent as required.
An investment that’s paying it’s own way can fast turn into a money pit that requires constant topping up.
Another factor to bear in mind, is if this scenario plays out to a worst case example and you need to go to Court, you will have a near impossible task proving your case without a solid paper trail.
So don’t take the risk of relying on a verbal agreement – put it in writing by using our professionally drafted Commercial Lease Agreement. At $79.95 it’s a fraction of what a solicitor would charge.
It’s easy to organise a Vacant Commercial Land Lease – our kit includes instructions and will save you time and money.
Your ready-to-use kit includes everything you need to rent your vacant commercial land
Firstly you need to purchase and download the Kit.
Secondly, complete the kit using the Plain English User’s Guide.
It is provided as a Word document so it really is just a matter of personalising the agreement with your details.
Thirdly, submit the agreement to your tenant so that they have time to read it and seek legal advice if they choose to. Depending on their feedback you may need to alter the agreement.
Fourth Step – once both parties are happy with the terms, they would sign the agreement.
Lastly, the landlord needs to provide a signed copy of the lease to the tenant for their records.
That’s pretty much it.
Our fully secured ecommerce system allows you to purchase and download your Agreement safely. In just a few minutes you can have everything you need to manage the rental of your Commercial Property yourself and protect the interests of all the parties involved.