Advantages and Disadvantages of Rental Guarantees

Anyone who is considering an investment property purchase throughout Australia might wonder about methods of renting out the house, apartment or building. In some cases, the developer of the property might offer a rental guarantee to help draw in buyers by offering a certain amount of stability against pitfalls relating to finding a tenant. Though the offer might sound like a good decision, buyers need to consider all of the potential pitfalls and benefits of the program to make an educated decision.

Understanding Rental Guarantees:

Before it is possible to consider the advantages and disadvantages of a guarantee program, it is important to understand the basics of how the guarantee works first.

Anyone who is planning to buy an investment property in Australia must first understand which type of program they are looking at. Australia has a few rental guarantee options that will vary slightly in the way the program works.

The first option is the most common type that comes with new constructions. The developer offers a certain percentage of the purchase price as a monthly guarantee on rental income. This type of guarantee is only available when the project is still in the hands of the developer and the seller determines that it will help draw in investors who are interested in the property.

Others might be eligible for a Defence Housing Australia (DHA) rental property. This is a government guarantee rather than a developer guarantee and is usually associated with properties purchased through government loan options. This type of investment property does not require a new construction property, so it fits other needs as well.

In most cases, Australia rental guarantees are provided by the developer. The government guarantees are less common for investors who are looking to secure their investment and have a set amount of money coming in.

Advantages to the Investor:

Rental guarantees have numerous benefits to an investor and these should be considered before determining if it is the best option for their needs and wants.

The most obvious advantage of the program is the fixed return amount. Investors can expect to receive a set rental amount each month based on the contract agreement made with the developer or the government program.

In many cases, the developer provides a fixed return based on the purchase price. For example, the developer might offer seven or eight percent of the purchase price as a guaranteed rental income. This allows investors to calculate the amount they will receive and provides peace of mind that some income is going to come in.

Another benefit to the investor is the lease agreement. The developer who gives a guarantee is essentially signing a contract or a lease on the property. If the developer does not provide the agreed upon rental income, the investor has options to legally receive the money.

Rental guarantees offer financial security. Having a guaranteed rental income gives investors an edge on their finances by providing a set amount of money each month. It is secure …

Ransford Slater Constitution of Sierra Leone – Obstacles to Constitutional Change

Several factors had seemed to threaten the implementation of the 1924 Constitution. The size of the Legislative Council was gradually increased between 1963 and 1920. The Executive Members for instance, who constituted an autocratic majority on the Legislative Council controlled almost all the powers. Although there were dynamic unofficial like A.J. Shorunkeh-Sawyerr and Samuel (later Sir Samuel) Lewis in the Legislative Council, there were several factors which really delayed the growth of the Legislative Council and Executive Councils as truly representative institutions1. In other words, these factors could be rightly seen as obstacles to the 1924 Constitution.

Colonialism and racism

Colonialism implies dominance, that is, the exploitation of the national interests of a subject by a foreign nation. Since it always concerns foreign interest, race relations are normally involved. This political and social system (colonialism) denotes a special relationship between the imported oligarchy and its subject majority which represents the nucleus of what George Balandier referred to as la situation colonial (the colonial situation).

An examination of the colonial period in Sierra Leone from the inception of the Province of Freedom in 1787 to the period of independence in 1961 reveals that racism and colonialism were handmaidens, that is, they worked together. The efforts of Thomas Peters to become governor were thwarted. Although several factors contributed to the outbreak of the Nova Scotia Rebellion, the fact that the experience of slavery at the hands of the whiteman lingered a deep distrust of whites in authority in the minds of the Nova Scotians must not be overlooked. Even the Maroons emerged from a traumatic experience fighting for freedom for decades. White domination was reinforced with the formal imposition of colonial rule in the Colony on 1st January, 1808.

Since the days of the ancient Greeks, some philosophers held the notion that living things on earth evolved from simple to complex forms. It was, however, in the nineteenth century that Charles Darwin, the English naturalist, presented an explanation for the existence of different types of plants and animals and the reasons for the extinction of some and arrival of others. Since food supply multiplies slowly than animals, the latter always struggle to live. The implication is that those who survive could assimilate their environment better than those who perish. The fittest, therefore, live to produce another generation that is adapted in the same way. This natural way of selection is what Darwin called the principal of natural selection. The fight to live, the survival of the fittest and natural selection are thus the three ideas which formed Darwin’s theory of evolution.2

As Thomson noted, “so much had flowed into the Darwinist synthesis that as much again could be squeezed out of it”.3 His theories (which were transferred to phylogenetic) won a powerful array of converts ranging from politicians like Chamberlain and Hitler to Scoiologists like Spencer and Sumner and all sorts of imperialisits and expansionists towards the end of the last millennium. It is true that Darwin was not a racist but …

Who Were the Spandau Seven?

On October 1st, 1946, twenty-one defendants were led before magistrates one by one and had their sentences delivered at the war crimes tribunal at Nuremberg, Germany. Three were acquitted and walked free, eleven were given death sentences and hanged, except for Göring who chose suicide by cyanide poisoning. The final seven received sentences ranging from ten years to life in prison. Since this was a military tribunal governed by four allied military powers, these sentences were not subject to the normal review and appeals process. The accused were found guilty of crimes against humanity and waging aggressive wars, laws not on the books in any country or international treaty at the time.

It was a difficult proposition since the Nazis were assuredly guilty of these crimes had there actually been international laws. Humanity was so outraged that we had few qualms in proceeding against them at the war’s conclusion. The defeated called it ‘victor’s justice’ but little did they know the type of retribution some had planned. At the Yalta conference in 1944, Stalin quite clearly stated that he wanted a minimum of fifty thousand Germans executed after the war which Churchill vehemently opposed, wanting the semblance of justice to be done. Stalin later quietly approached Churchill apologetically saying he was merely joking. The resulting compromise was the Nuremberg trials. The vagaries of the problem eventually led to the establishment of Human Rights and International Laws, but at the time they were improvising.

The remaining seven were Karl Dönitz, Walther Funk, Erich Raeder, Baron Konstantin von Neurath, Baldur von Shirach, Rudolf Hess, and Albert Speer. They remained in Nuremberg for several months while the four occupying powers debated where to permanently house them. Eventually they were moved in 1947 to Spandau prison in the same-named district of Berlin. Each of the powers, England, France, the United States and the Soviet Union shared guard duties. Once a month the control would pass on to the next in rotation. There would always be a mixture of nationalities on guard duty. Albert Speer stated that its complexity was the bureaucratic equivalent of a perpetual motion machine.

The prisoners were first subjected to harsh rules – no talking, and walks to be conducted ten feet apart during half-hour exercise sessions. Up at six a.m. and no sleeping until 10 p.m. Speer had been blackballed at the trial by his co-accused because he was the only one who accepted guilt and apologized for what the Nazis had done. He would also not attempt to obfuscate the history of the Nazi crimes. Although Hitler’s closest confidant for a number of years, Göring succeeded in ostracizing him. Never cowed, Speer spent his prison years in intellectual isolation from the others.

Former navy men, rivals for Hitler’s attentions, Karl Dönitz and Erich Raeder were at odds during their imprisonment. Raeder was convicted due to his aggressive stance toward America, frequently cajoling Hitler to declare war on the U.S. as soon as possible to knock out their navy. Walther …