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18 Jul 2013

What extra costs do I have when buying management rights?

Each purchase will attract the usual costs. Your accountant for the financial verification, your solicitor for the legal due diligence, you will have setup costs associated with your finance lending plus any consultant or other professional you may engage. You will also be charged Stamp Duty at settlement with some transfer fees. Alert Property Group recommend your solicitor explains these costs at the time you sign the contract. Typically the industry tends to budget for approx 5 - 6% of the purchase price to cover these costs.

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