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"Securely Let" for sale?
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"Securely Let" for sale?
Hi JackieWebb
When browsing online adverts for properties I often come across ads like, "Fully serviced apartment, securely let to Hotel-Brand Apartments on a long term lease..."
What does this mean exactly? Am I able to occupy the apartment when I buy or its it purely for investment purposes? Am I subject to a body coporate? And what happens when the lease ends with the Hotel Company? Will I be a full owner of the apartment or will there always be another party on the bill?
Thanks,
DangerMouse910
When browsing online adverts for properties I often come across ads like, "Fully serviced apartment, securely let to Hotel-Brand Apartments on a long term lease..."
What does this mean exactly? Am I able to occupy the apartment when I buy or its it purely for investment purposes? Am I subject to a body coporate? And what happens when the lease ends with the Hotel Company? Will I be a full owner of the apartment or will there always be another party on the bill?
Thanks,
DangerMouse910
The opinions expressed here are those of the individual and not those of Homely.com.au.
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