Property remains one of the safest areas to invest in, with home costs, traditionally, having solely gone a method in latest generations. This section outlines the steps the City will undertake to evaluate your application to transform an present rental property to condominium tenure. The property administration company usually retains 10-15{d9b50058b07ca09b3d44262e723d7175a1d4f0539dd33a2d466bbcea811ac85a} of the hire amount, and shares the remaining with the property proprietor. You want access to a robust rental market with low vacancy rates to ensure you have a gentle move of tenants, lining up to maintain your mortgage repayments ticking over.
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