FYI long term Leasing Agreement SDCC

K

KOW

Registered User
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641
Earlier in the year I was informed by SDCC that they were not continuing with the long term leasing agreement.
I have a property with the 10yr lease expiring on October 31st this year.
Email today asking would I be interested in another 10yr long term lease.
 
Hi KOW,

Based upon your experience, would you mind listing what in you opinion are the benefits and drawbacks for a landlord who may be interested in looking at this?

Thanks
 
Basically I handed over the keys nearly 10yrs ago.
SDCC lodged 80% of the going rent into my bank account each month.
They took care of maintenance etc.
Hate to admit it but was only in the apartment a couple of months back and looks okay. Needs a good freshen up.
No hazzle no phone calls. Worked well for me.
 
Review every two years. Never any trouble with that. Increase every two years I think in line with consumer price index for that period.
 
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