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Condo tenants feel shortchanged on deposit

Condo tenants feel shortchanged on deposit

| 18/07/2017 | 8 Comments
We left the island two weeks ago and left our condo clean and paid all utility bills beforehand. Our landlord was to put our $2,000 deposit in our account after we left. It turned out that he only put $500 in our account. When we emailed him he said it was for deductions. Do we have anywhere t [...]

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Benefits of investing in rental property

Benefits of investing in rental property

| 25/05/2017 | 6 Comments
Is buying and renting property in Cayman a good investment? I will not be living in whatever I buy. I am looking to spend up to about $500,000. Auntie’s answer: It is always nice to see someone interested in investing in Cayman. To help you on your way, I consulted with Tony Catalanotto of Rainbow [...]

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Potential buyer thinks strata fees are too high

Potential buyer thinks strata fees are too high

| 20/04/2017 | 10 Comments
I am thinking of buying a condo but at the one I like the owner is paying what I think are very high strata fees. If I buy the condo, do I inherit the strata fees or can I renegotiate them with the strata? Auntie’s answer: I’m afraid you are stuck in this instance. I […] [...]

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How is stamp duty assessed on inherited property?

How is stamp duty assessed on inherited property?

| 19/04/2017 | 9 Comments
I am leaving my house to my children in my will. When I die, will they have to pay stamp duty on their inheritance? If so, how would government work out what that is?  Auntie’s answer: Finally, I am able to tell someone that the government will not take a fee for something. Yes, that’s [&hellip [...]

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