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You might think the determination of rent would be related to costs the owner incurrs on a monthly basis including loan payments, yearly tax payments, grounds maintenance and desired profit margin but it basically boils down to finding out what other properties are renting for and either trying to undercut the competition or charging more than others and justifying it by saying your property is more desirable.
How much is anything worth? It all depends on what the buyer is willing to pay. Nothing else.
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What is a rent?
Rent is the money you pay an owner for use of the property. Many people rent business offices and homes.
Do Not Buy Property?
When you are starting your own small business, you do not want to buy the property. You may eventually want to buy it if you are successful and have some money to spare, but you should start out by looking to rent commercial property. This means that there will be less of a risk involved. Many small businesses fail. While you need to work hard not to be fixated on this, you should know that the odds are high that yours could fail as well. You want to make sure that you are protected in case this happens. When you rent, you will only have to think about the lease. You will not be stuck with unwanted or unneeded property.
How could someone buy commercial property?
For one to buy commercial property one would need to first search for a property through either a real estate agent or a website such as CoStar. Then interview the seller and make sure to understand what services are offered and that all of the factors that go into the lease are being weighed.
How can you define commercial mortgage?
A commercial mortgage is a mortgage loan secured by commercial property, such as an office building, shopping center, industrial warehouse, or apartment complex. The proceeds from a commercial mortgage are typically used to acquire, refinance, or redevelop commercial property.
How many houses are in foreclosure?
1. Commercial Property 2. Residential Property
Where can I compare commercial property rent?
Yes there is. Please visit the following website to view their listing: www.loopnet.com/, www.buildingsearch.com/ www.leasemls.com/, and commercial properties for rentwww.showcase.com/commercial-properties-for-rent.
Where can I get an inexpensive commercial property to rent?
There are many ways to look for inexpensive commercial property in your town, I would look online for an agent or you could look at craigslist.
How much per square foot to rent commercial property in Greenville NC?
2500
What is the purpose of commercial property management software?
The primary purpose of commercial property management software is to make it easy for commercial property managers to run their rent rolls. The software facilitates accounting and billing procedures and provides reminders among other things.
Where can commercial property for rent be found?
Commercial properties can usually be found (on a rental basis) across most major markets. These major markets usually exist in industrialized ("developed") countries, which encourage the optimal utilization of commercial property.
Where can one find trade me property for rent?
One could visit the Trade Me website to find property for rent. Here one can find property all over New Zealand, in the sub categories of retirement villages, lifestyle, commercial and more.
What is involved with renting commercial property?
To rent commercial property legally, you would need to obtain a lease and a permit. For more information about how to accomplish this and more about what is required, visit www.landlordzone.co.uk/renting-business-premises.htm
What is property productivity?
Different properties produce different things. If your property is an office building, it produces rent. If your property is a wheat field, it produces wheat. Property Productivity depends Upon type of Property and how the property is used for a purpose. Commercial properties can serve for commercial and rental properties, land development. Residential properties can serve for home-family rental purposes.
What is the average annual rent increase for commercial property in ct?
10 to 15% a year is the house is in good shape.
Do you have to pay property tax if you rent a house?
Not directly. The owner of the property is responsible for paying the property taxes. However, you should understand that how much rent you pay is determined, in part, by how much property tax the owner pays. In other words, the owner needs to charge enough rent to cover his costs (taxes, maintenance, insurance, mortgage payments, etc.). Otherwise, he is losing money on the property.
What does commercial landlord insurance include?
Commercial Landlord Insurance includes protection for property from the ground up. It's ideal for landlords who rent out properties for commercial use or have a mixed portfolio of commercial and residental buildings.
Where can I get advice on commercial rent?
If you have a property that you want to rent commercially, I would advise you to consult with your attorney to see what legal actions are required, such as drawing up a rental agreement, etc.
