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If you no longer are in business in a residential area that was grandfathered in as a business can you sell your property to another business or does the property revert back to residential?
Wiki User
∙ 16y ago
You will have to check with the local authorities. If there isn't an active business, it may be all over. But only the zoning folks can tell you for sure. Some jurisdictions give you a grace period of several years before declaring a lapse in a non-conforming use that will revoke a grandfather exception on the property. You could still request a variance if it is a permitted or special use.
Wiki User
∙ 16y ago
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What does rental real estate mean?
Rental real estate is any property for which the owner receives payment by another for use or occupation of the property. It can be commercial, storage, industrial, residential or vacation property.Rental real estate is any property for which the owner receives payment by another for use or occupation of the property. It can be commercial, storage, industrial, residential or vacation property.Rental real estate is any property for which the owner receives payment by another for use or occupation of the property. It can be commercial, storage, industrial, residential or vacation property.Rental real estate is any property for which the owner receives payment by another for use or occupation of the property. It can be commercial, storage, industrial, residential or vacation property.
I rent a home with a detached shop that I run a business out of. If my car damages the building and my business contents will my comprehensive pay for my assets and the landlords building?
Renters InsuranceNo. Your renters Insurance Policy is personal lines residential tenants coverage. It should provide coverage for your "Personal Property" and may have some liability and personal injury coverage as well. Your Renters or "Tenants Policy" would not cover your business property nor the property of another person. Your landlord is expected to have his own property coverage.If you need coverage for your business property you would need to pick up a business owners insurance policy. Your personal lines residential rental policy would not cover your business property.AnswerYou'd have to examine the contents of your vehicle insurance policy to determine what would be covered.
When does residential property fall outside a decedent's estate?
When it is owned as tenants by the entirety or joint tenants with another person.
Can you sell a property with a 1031 exchange and use the money to buy into a business rather than another investment property?
no, a 1031 exchange is only for going from property to property
Can person with a power of attorney take property from other residents when they live in another state?
An attorney in fact under a power of attorney acts on behalf of the principal and has the authority to handle the principal's business and property. If the principal has property in another state the AIF can collect it on behalf of the principal. If the property does not belong to the principal then the AIF has no authority to take it.An attorney in fact under a power of attorney acts on behalf of the principal and has the authority to handle the principal's business and property. If the principal has property in another state the AIF can collect it on behalf of the principal. If the property does not belong to the principal then the AIF has no authority to take it.An attorney in fact under a power of attorney acts on behalf of the principal and has the authority to handle the principal's business and property. If the principal has property in another state the AIF can collect it on behalf of the principal. If the property does not belong to the principal then the AIF has no authority to take it.An attorney in fact under a power of attorney acts on behalf of the principal and has the authority to handle the principal's business and property. If the principal has property in another state the AIF can collect it on behalf of the principal. If the property does not belong to the principal then the AIF has no authority to take it.
When a company acquired another company and became wholly owned subsidiary does all employees become new employees or grandfathered?
A child
Becoming Familiar with Commercial Leases?
Before leasing commercial property, become acquainted with the terms of the lease. Leasing commercial property for a business is different than leasing residential property. Get clear understanding of the amount of the rent, whether it is to be paid weekly, bi-weekly, or monthly. The length of the lease is another important factor. You can not change or break a commercial lease. It is legally binding. Commercial leases are not a standard form lease but each is customized based on what type of business the landlord desires or is willing to lease the space out for. Examine commercial leases before signing, and make sure you understand the agreement that you are entering into.
What is another name for a residential area?
An estate or hamlet
Can you get a normal mortgage for investment in a UK property or is another mortgage type product available?
If by a normal mortgage you mean a residential mortgage then generally speaking, no - not for investment purposes. However it really depends on what you intend to do with the property, buy the property to rent out (buy to let), buy to renovate and sell (aka 'flip') or any number of other strategies.
Is there another term for in-house alcoholic treatment?
Residential rehab.
When were the costumes from 'The Wizard of Oz' found?
It was in 1956 that whatever was left of costumes from "The Wizard of Oz" was found.Specifically, in 1956, MGM Studios possessions and property were submitted to an inventory. One consequence of the inventory was the selling of MGM property for residential development. Another consequence was the auctioning of possessions such as costumes and the leveling of sets.
The Advantages of commercial property leases?
Many new business owners start with property for lease commercial arrangements for their flexibility. The maintenance, utilities and other property management is done by the lessor, giving the business owner more time to grow their business. Surveys show that many new businesses will lease for one to two years then relocate once their business grows to the point where expansion is feasible. Another advantage of commercial property leasing is the lease payments are tax deductible as an expense. If the business leasing agreement meets the IRS standards for expenses, the business can lower their tax liability and retain more of their earnings. Businesses want to put their earnings back into the business to increase future earnings and growth.
