Our Tenant Finders Fee is one calendar month's rent - usually the 1st month's rent.
This is charged for finding you a tenant.
Drawing up the Lease.
Checking the Tenant's supplied references.
Collecting the Deposit and Revenue Stamp amounts.
Providing you with a statement showing the transactions.
We will pay over the deposit due to the Landlord, to the Landlord on receipt of all funds.
If we rent the property for 6 months or less then our Finders Fee is 15% of the total lease amount.
All fees are deducted from monies paid to us by the tenant to secure the property and are due on receipt.
Our Tenant Finders Fee is one calendar month's rent - usually the 1st month's rent.
This is charged for finding you a tenant.
Drawing up the Lease.
Checking the Tenant's supplied references.
Collecting the Deposit and Revenue Stamp amounts.
Providing you with a statement showing the transactions.
We will pay over the deposit due to the Landlord, to the Landlord on receipt of all funds.
If we rent the property for 6 months or less then our Finders Fee is 15% of the total lease amount.
All fees are deducted from monies paid to us by the tenant to secure the property and are due on receipt.
The Rent Increases (Domestic Premises) Control Act 1978 currently applies to a tenancy of any residential unit with an annual rental value of $22,800 or less.
The following rental units are exempted from the Rent Increases (Domestic Premises) Control Act 1978:
1. Rental Units that have an ARV higher than $22,800
2. The tenant is an employee of the landlord and the unit forms part of the employment contract;
3. Premises that have a Vacation Rental (rent-control) Certificate issued by Consumer Affairs;
4. Premises are normally occupied by a landlord who wishes to let them during his temporary absence from the Island for less than one year;
5. Premises that are a boarding or lodging house.
The Rent Increases (Domestic Premises) Control Act 1978 currently applies to a tenancy of any residential unit with an annual rental value of $22,800 or less.
The following rental units are exempted from the Rent Increases (Domestic Premises) Control Act 1978:
1. Rental Units that have an ARV higher than $22,800
2. The tenant is an employee of the landlord and the unit forms part of the employment contract;
3. Premises that have a Vacation Rental (rent-control) Certificate issued by Consumer Affairs;
4. Premises are normally occupied by a landlord who wishes to let them during his temporary absence from the Island for less than one year;
5. Premises that are a boarding or lodging house.
After a Rental Lease has ended AND neither party has given notice, a Rental is then deemed to be a "Month to Month" lease - all other terms and conditions of the Rental Lease remain in effect.
After a Rental Lease has ended AND neither party has given notice, a Rental is then deemed to be a "Month to Month" lease - all other terms and conditions of the Rental Lease remain in effect.
Revenue Stamps are normally split 50-50 between the Landlord and the Tenant.
The formula for calculating revenue stamps due on a rental is as follows:
For Rentals of 36 months or less it works like this:
The Monthly Rent x Duration of the Lease in Months
Revenue Stamps due are 1% of the Total
Example:
Rent = $2,000 pm for 24 Months
$2,000 x 24 = $48,000
1% of $48,000 = $480 (+ $25 Revenue Stamp for the Copy)
For Rentals of more than 36 months it works like this:
The Monthly Rent x Duration of the Lease in Months
Revenue Stamps due are 1% of the total, for the first 36 months and 0.5% on the balance
Example:
Rent = $2,000 pm for 48 Months
$2,000 x 36 = $72,000
1% of $72,000 = $720
$2,000 x 12 = $24,000 (the months over 36 months)
0.5% of $24,000 = $120
So add the 1st 36 months and the balance = $720 + $120 (+ $25 Revenue Stamp for the Copy) or $865.00 in total
Revenue Stamps are normally split 50-50 between the Landlord and the Tenant.
The formula for calculating revenue stamps due on a rental is as follows:
For Rentals of 36 months or less it works like this:
The Monthly Rent x Duration of the Lease in Months
Revenue Stamps due are 1% of the Total
Example:
Rent = $2,000 pm for 24 Months
$2,000 x 24 = $48,000
1% of $48,000 = $480 (+ $25 Revenue Stamp for the Copy)
For Rentals of more than 36 months it works like this:
The Monthly Rent x Duration of the Lease in Months
Revenue Stamps due are 1% of the total, for the first 36 months and 0.5% on the balance
Example:
Rent = $2,000 pm for 48 Months
$2,000 x 36 = $72,000
1% of $72,000 = $720
$2,000 x 12 = $24,000 (the months over 36 months)
0.5% of $24,000 = $120
So add the 1st 36 months and the balance = $720 + $120 (+ $25 Revenue Stamp for the Copy) or $865.00 in total
Your best bet is to contact a Real Estate Broker - you can contact us at +1 (441) 703 1006 and ask to speak to Rhys.
Or for General Enquiries - RENTALS@BDA4SALE.COM
Your best bet is to contact a Real Estate Broker - you can contact us at +1 (441) 703 1006 and ask to speak to Rhys.
Or for General Enquiries - RENTALS@BDA4SALE.COM