I have been looking at an investment property, it states:
Term: 30 years based on 15 + 5 + 5 + 5 Initial rent per unit: Ranging from $13,500 to $19,000 gross plus GST if any (including free-stay value). Reviews: 2% (compounding) increase starting after year 3 and market review on renewals. Return: Up to 6.95% gross (see pricing schedule) Price per title: Ranging from $199,855 to $273,542 + GST (if any).
Country is New Zealand, it is a commercial apartment hotel investment.
Can I please ask why it is presented in such a way? why not tell me it is a 30 year lease?