A Lease with OzLease Pty Ltd.
This means that upon acceptance, OzLease will then lease the property.
The OzLease Leaseback Guarantee incorporates Landlords Cover Insurance (Building and Landlords
Protection Insurance), payable by the Landlord. This cover has been benchmarked against the market and is provided at a very
competitive rate. This Insurance is designed specifically to meet property investor's requirements.
OzLease selects the most suitable and professional Property Manager from their list of accredited Property Managers to manage your
property on a day to day basis. OzLease will then sub-lease the property direct to the selected tenant. The tax deductible fee for the Leaseback Guarantee is 5.5% of the gross rental income per week (plus GST)
The OzLease guaranteed rental income is determined by actual market rates, on a monthly basis.
2
The Real Estate Property Manager deducts their standard management fees, property and any other applicable expenses for the month.
3
OzLease deducts the Leaseback Administration fee.
4
OzLease pays the balance of funds by electronic transfer to the owner's nominated bank account by the 10th day of the following
month.
We Continue to Pay The Rent
Even if:
1
There is a vacancy during the Lease with OzLease.
2
The tenant is late in paying their rent.
3
The tenant cannot pay the rent for any reason.
4
A new tenant is being sourced between tenancies.
5
You decide to sell the property at any time during the Lease.
(subject to conditions)
We look
after the Owners interests
1
If OzLease increases the rent through regular rent reviews as per each States Legislation, the Owner will receive the higher amount (less standard costs)
2
If the Owner wishes to cancel their lease with OzLease they can do so at any time by providing 30 days notice with no financial penalty (Note: the tenant has the right to remain in the property until their sub-lease with OzLease expires).
3
OzLease works in conjunction with the Property Manager to maximise the longer term returns from the investment property. Our Investors enjoy the peace of mind knowing that we too are monitoring their investment.
Subject to the terms of the Lease Agreement between the parties
"Investors have taken advantage of the benefits derived from the OzLease Leaseback since its inception in 1998 with
no loss of rental income"
