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How to rapidly Secure age lease and enhance your workflow

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How to secure age lease

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hey my name is Nathan Im a property investor an entrepreneur and Ive secured 32 lease options in the past six months and this video is all about how you can do that - hey guys so todays video is all about how to find lease options or properties on lease option where to look for them how to approach sellers and whilst I talked about all of this Im going to take you around one of the latest lease options that weve just secured so lets go so this is a property that we secured on lease option in the Northeast so this property is typical of a rundown house that a landlord doesnt want or need anymore this particular property came as part of a portfolio package and I think around six or seven properties something like that its in the Northeast and a that the owner kind of had trouble renting this place you can see theres a little bit of work that needs doing the owner had trouble renting this place simply because this area has lots of low income and DSS type tenants that she demogra

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Why would a landlord want security of tenure?

The security of tenure provides the tenant with the automatic right to remain in possession of leasehold business premises after the lease term docHubes its natural end. If the landlord or the tenant is seeking to end the lease, this can only be done if a notice to quit is issued.

What is a 6 month break clause?

It is standard practice to have at least a 6 month break clause term in place. The wording of this 6 month break clause means the landlord or tenant can give notice when they wish, but the earliest date the tenancy can end is after six months.

Is it normal to exclude security of tenure?

It is quite common for landlords to require that rights of security of tenure are excluded from a lease. This is because landlords often wish to retain strict control over the occupation of their property.

What is security of tenure after 6 months?

Most tenants of commercial premises with a lease of more than 6 months, or if they have been in occupation for more than twelve months, have security of tenure. This means that they have the right to continue to occupy the premises after the lease has come to a natural end on similar terms to the original lease.

What are security of tenure provisions?

Security of tenure is derived from the Landlord and Tenant Act 1954 (the 1954 Act) and affords business tenants with the right to renew their business lease on the same terms as their previous lease (once it has expired), provided that the landlord cannot satisfy any of the legal grounds for refusal.

What does secure tenure mean?

What is security of tenure? Security of tenure means the rights of occupation and depend on whether an occupier is owner-occupier, tenant, licensee or trespasser.

How can I get out of security of tenure?

If the landlord wishes to exclude security of tenure, it must serve a warning notice on the tenant and guarantor (if applicable) and in response the tenant must sign a simple declaration or a statutory declaration.

Do I have security of tenure?

Security of tenure is an automatic right, and it applies in most circumstances. Unless you have contracted out of it in your lease then you will most likely have security of tenure if you occupy premises under a lease for business purposes. If you have contracted out, this will be stated in your lease.

What is the explanation of security of tenure?

Human rights law mandates that all persons possess a degree of security of tenure, which guarantees legal protection against forced eviction, harassment and other threats.

Can landlords say no pets Nova Scotia?

In Nova Scotia, if you agree to a lease that has a no pets clause written into it, the landlord can legally terminate your lease for owning a pet and violating this clause.

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