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
Renting commercial property versus buying it is going to be the most affordable route and thus the most profitable. If buying is an option, then of course it would be a good investment.
I think he is involved with real estate selling and renting out commercial properties.
The difference between renting a property and having a mortgage is that when you have a mortgage you are buying the property.
You end up dealing with different clientele. Also only certain properties can be converted from residential property to commercial property. You cannot change a house to commercial property without changing the entire layout.
A property owner who is renting the property out to people to live in.
360 Realtors LLP specialises in residential and commercial property transactions across India. As an ethical, customer-focused real estate advisor for property in India, we simplify buying, selling or renting homes, apartments, plots, commercial spaces etc.
Renting commercial real estate entails many of the same principles as a residential lease, differing primarily in how the property is used. Commercial real estate is sub-categorized by its purpose, such as warehouse, retail, or office space.
It depends...
You have no right to ownership of real property by renting it for 20 years unless you had a written agreement with the owner that you were renting to own and you have met the conditions in the contract.You have no right to ownership of real property by renting it for 20 years unless you had a written agreement with the owner that you were renting to own and you have met the conditions in the contract.You have no right to ownership of real property by renting it for 20 years unless you had a written agreement with the owner that you were renting to own and you have met the conditions in the contract.You have no right to ownership of real property by renting it for 20 years unless you had a written agreement with the owner that you were renting to own and you have met the conditions in the contract.
The length of time you need to live in a property before renting it out can vary depending on your mortgage agreement and local laws. Typically, it's recommended to live in the property for at least 12 months before renting it out to avoid any potential issues.
Commercial leases are typically three to five years. That guarantees enough rental income for the landlords to recoup their investment. Leases are often negotiable, but for a commercial lease, landlords frequently allow customization of the space for the sake of the renting business. JLM Property
The Main advantage of renting opposed to purchasing a product or a property is that you don't have to deal with selling it or it's quicker to move on or pass on the property.