Before you sign or pay anything, your Application Manager will work with you to determine your total weekly payment amount for the first year of the lease.
Your weekly payment amount will be comprised of your rent plus a weekly contribution, which will be equal to 50% of the rent. So imagine you pay $600 in rent each week. Just add 50% ($300) more to that as your weekly contributions, for a total of $900 per week.
The rent amount is decided by the Property Manager who will perform a rental appraisal at the beginning of each lease year. to align your rental rate with other similar properties in your suburb.
If either party disagrees with the rent appraisals, there will be options under the lease for ordering a second opinion and taking the average of the two.
For a complete picture of the costs involved with PublicSquare, we recommend checking out our Calculator