Punch Magazine Issue 85 CALOUNDRA Chamber of Commerce Meet the Candidates Forum 17th September 2020 5:30PM - 7:00PM
MIKE JESSOP INDEPENDENT
Stamp duty on leases to be abolished along with Land Tax and the curent GST
Every agreed or statutory capital improvement upgrade or repairs to premises either by landlord or tenant to be recorded and registered in rent book
Every tenancy whether leased or month to month to enjoy the same protection
May not increase the rent by more than inflation and or dependant on capital improvements maintenance capital expenditure and reasonable costs of maintenance and upgrade by the landlord
Upon lawful termination of lease or protected tenancy as accrued incrementally amortised on a 30 year loan ( typical length of ownership of commercial and residential properties)
month to month tenant to be compensated for agreed or statutory improvements or repairs made by the tenant in similar fashion according to depreciated costs if depreciation can be shown eg building of office mezzanine other structures within the premises
May not unreasonably evict leases or protected tenancy or if rent up to date and no unreasonable tenant like behaviour
or unreasonable landlord behaviour
Duty of care must occur as normal between landlord and tenant
Insurance liability etc may not be insisted upon by the landlord nor unreasonable or unregistered charges recovered eg auditable upkeep and maintenance without being registered or agreement from the tenant
Acts of maintenance and or repair by the tenant to me similarly recorded and registered
Only Reasonable proof of lawful tenancy relationship ( eg formal lease or registration of tenancy eg for stamp duty land tax and GST to be abolished on any and every kind of tenancy
Illegal to inflation index linked rents given that the Landlord is in ownership and control of an appreciating asset
This highlights the special relationship where property value is increasing to the landlord and the benefit is to be shared by the tenant in the same way and who are not to be penalised by way of inflation when in fact the tenant is contributing to secure the ownership of such and increasingly valuable asset perhaps many times over during the tenancy
Nor the rentable value to be decreased by the same token
All rents however can be reasonably negotiated down by agreement
Rents May not be increased unless by agreed capital improvement to existing tenants
Harassment intimidation unreasonable behaviour etc to be mad e a crimnal offence
Tenant may break lease if business or personal circumstances dictate eg viability or situation or circumstances whether private or public. Eg Coronavirus OVID19 within a reasonable time eg after three times frequency of payment of agreed rent at the beginning of the tenancy or as otherwise agreed verbally or in writing as collectable by the landlord from the tenant
Body corporate UP NEXT: Regulation of Commission only sales agreements PUNCH MAGAZINE Issue 43 Employment Taxes
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