Your leaseback agreement will commence 28 days from receipt of your practical completion payment or the return of your executed leaseback documentation, whichever is the latter.

All funds are disbursed on the first (QLD) business day of the new month.

EG: If your lease commences in February then your first payment will be received on the first (QLD) business day of March. The initial leaseback payment is a total of 1 month rent and monthly thereafter.

You will receive a full statement of account each month showing the rental income and expenses such as management, letting and sundry costs as well as any maintenance required in accordance with RTA legislation or your builders warranty such as smoke alarms, termite inspections etc.

When the leaseback expires the current sub-leasing tenants will then be transferred to you. Gallery Real Estate Group will continue to manage your investment for you. The responsibility for maintenance, vacancy periods etc. are also passed on to you at the expiration of the leaseback agreement.

Yes, of course, you can. It’s still your property after all.

We understand that life can change at the drop of a hat and sometimes there comes a need to sell your investments. There are a few terms and conditions surrounding the sale which are detailed in the leaseback contract such as;

Paying back any advanced rent paid to you by Gallery Leasing

Providing the correct amount of notice to your investment manager and tenants

Ensure the lease contracts currently in place are upheld with the purchaser

Leaseback option can be transferred to the purchaser

Gallery Leasing will be responsible for most nonstructural repair and maintenance. We maintain the property except for fair wear and tear, examples include servicing or air-conditioners, hot water systems.