Commercial Property

Commercial property refers to either land or buildings for profit-generation purposes from rental income or capital gains. Commercial properties include among others office buildings, retail stores, hotels, shopping centers, industrial properties and warehouses.

1,356 Questions
Deeds and Ownership
Commercial Property

How do I find the name of the owner of real property?

If you are in the USA, visit the assessors office in the town or county (depending on the jurisdiction) where the property is located. Some offices have an online database. To find the local assessors office simply perform an online search using the town, state and "assessor's records". Or, find the city's official website and look for a list of departments. You may be able to obtain the owner's name and their deed reference.

Once you have that information you can visit the land records office to do more research on the property. However, many assessor's online databases provide the details of the property but do not provide the owner's name or the deed reference in many cases. You may find more information if you visit in person and look through the records.

If the assessor's search doesn't work then you can visit the local land records office (or their online database if they have one) where you should be able to search by owner's name or by address. The staff will help you access the records.

If you are dealing with land in England or Wales, go to the Land Registry's home page (see below for this and other links).

Homeowner's Insurance
Commercial Property

Will your insurance cover a water heater break?

It depends on how your water heater was damaged. Fire, wind, hail, etc. The same as the rest of your property, and subject to your deductible, See you schedule of covered perils for a complete list.

Bear in mind that most home water heaters can be repaired and even completely replaced for far less than the cost of the typical homeowners insurance deductible.

A Broken water heater resulting from deterioration due to age or normal wear and tear are considered home maintenance issues and are not covered perils under a homeowners insurance policy.

Although the water heater itself may or may not be covered depending on the cause of the break. ensuing damage would be covered if your home insurance policy has coverage for damage from an accidental water discharge.

Real Estate
Commercial Property

What does China own in United States of America?

From a source at school I was told that China owns California and now they are trying to take over Florida next. Whether this is true or not I am unsure.

Statutes of Limitations
Commercial Property

Is there a statute of limitations for an insurance company to reimburse for a claim?

Most policy contracts do state a time frame for the payment of 'covered' losses. See Section I- Conditions, Loss Payment in your particular policy. // Try checking with your department of insurance. Many states have regulations on how long insurance companies can take to answer your questions and/or pay claims. You should also check for a statute that cover your own interests... like the amount of time you have to file a law suit. If it's been several months and the insurance company is not budging and you've already contacted your department of insurance... it might be time to seek legal advice.

Building and Carpentry
Commercial Property

What is the average construction cost per square foot in New Jersey?

I am in the process of trying to figure this out as well.

Excluding the land I would feel "cost":

$100 Square is fair & accurate "cost" per "living space", each floor

$40 garage per Square foot

$15 roof per Square foot

$60 Basement per Square foot

though we have recent (Jan 18th 2008) bids as high as $205 a square (no land included, with mid-range finish, margin included) YIKES!

which is too much on a house 4600 sq feet. Still getting bids, but $200+ would push me to reluctantly GC myself and save the huge markup. Sure it may take me 2 years+ to do myself, but I save $300K not bad for a little gray hair.

I am hearing Builder margin is around 20% to builder.

I've been doing this since 1982 and those numbers are definitely a bit off of the mark for 2010.

Living space can range from $100 to $125 a square foot and up depending on finishes and what kind of mechanical systems (plumbing, HVAC, electric) are involved. I've built some REALLY nicely upgraded/finished homes for $125 to $150 per square foot.

$40 and up for garages is ok. It depends on whether it's insulated, drywalled, painted, etc.

I don't really know what "roof" means at that price. To build a porch roof with columns and all of the new connection systems that are required its about $18 to $20 a square foot.

$26 per square foot and up is the real basement finishing price.

Real Estate
Commercial Property

To whom does the listing broker owe direct fiduciary responsibility?

The listing broker is contracted to the seller, is an agent of the seller and owes fiduciuary responsibility to the seller.

Real Estate Investing
Commercial Property
How To

How to book spire edge imt manesar gurgaon spire edge91 9711772678?

Spire EDGE Manesar Gurgaon

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Millennium Spire Edge is located at Plot No. CP-4, Sector-8, IMT Manesar, Gurgaon.


Swimming Pool, Gymnasium, Kid's Play Area, Wi-fi Connectivity, Sports Facility, Multipurpose Room.

Project Option:

Type Size (sq. ft.) Price (INR)

Second - Twenty First Floor 1000 - 20000 sq. ft. 55.2 lacs Onwards

First Floor 1000 - 20000 sq. ft. 55.2 lacs Onwards

About Developer :

Millennium Spire is a Singapore based FDI fund that is partnering in Real Estate and development projects across India. It brings with it best global practices and innovation into mainstream development. All of MSLâs projects reflect its âMainstream Greenâ ideology. Millennium Spire is part of the London based Millennium Global who manage assets exceeding US$ 13.3 Billion globally and have offices in London, New York, Singapore, Tokyo, Geneva, Miami, New Delhi and Guernsey.

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Commercial Property

How many acres is 12000 sq ft?

One acre is 43,560 square feet. Therefore, 12000 sq. ft is only 0.275 of one acre.

Commercial Property
Car Rentals

Why do many antique cars such as a 39 Plymouth have a key lock on only the passenger side door?

Is it possible that back in this time period men were more gentlemanly and unlocked their spouses door first, therefore she would unlock the drivers door from the inside by the time he came around the car? Just a thought!!

Home Equity and Refinancing
Commercial Property

How much is an ABU Garcia 6500 mag elite worth?

About 80 - 100 quid.

Credit and Debit Cards
Commercial Property
The Difference Between

What is difference between free hold premises lease hold premises?

Lease hold premises is one taken on rental basis form other person based upon an agreement and for a period of time - say 5 years. It is not he asset of user (Lessee). Only a right to use the asset passes to the lessee and ownership stays with the original owner (Lessor). Free hold premises is free of any leasing agreement or contract. The owner and user is the same person, and the right to use and ownership lies with one person only i.e. the owner. Presentation of both the above in financial statements is different. Only owner can claim depreciation on the leased premises (being the owner) and lessee can claim the lease rent paid by him for income tax purpose.

Real Estate Investing
Commercial Property

How many acres is a township?

There are 23,040 acres in a theoretical township. A theoretical township is 6 miles square, containing 36 sections, 1 mile square, of 640 acres each.

Home Buying
Adverse Possession
Commercial Property

What is law governing adverse possession in Minnesota?

According to Blacks Law dictionary, you must live there for 15 years, and the property must not be "properly registered." essentially, it has to be land that nobody owns.

Commercial Property
Deeds and Ownership
Real Estate Buying and Selling

Special warranty deed vs general warranty deed?

Special warranty deeds are becoming more common. A general warranty deed is a promise to the buyer that the seller will warranty any prior problems with title, not just during the seller's ownership, but back along the chain of ownership.
A special warranty deed, on the other hand, limits the seller's promise -- or warranty -- to title problems that come up while the seller owned the property, but gives no warranty for propblems prior to that point. For example, builders often give special warranty deeds. They only owned the property long enough to build the homes. They aren't sticking their necks out to warranty buyers against something that happened to cloud title when the subdivision was still a pig farm. Foreclosure property is another example where you often see special warranty deeds. The bank, like the builder, has no close relationship to the property and won't bend over backwards to promise anything about the condition of title before they acquired the property through foreclosure.
These days, title insurance is the buyer's best friend. Title insurance insures the buyer against past ownership problems, old liens, boundary issues, and so on. There may be exceptions in the title insurance policy, and owners should know what their exceptions are. For example, without a survey, a title company won't insure against problems that a survey would have made known -- encroachmets, for example. That's an exception and they won't pay for problems that would have shown up with a survey. But unless there's a specific exception, any other past title problems are covered. When you're buying, talk to your attorney and make sure they take the time to explain what title insurance is and how it works. That attorney is your employee, after all, and you're paying them good money NOT to make decisions for you, but to help you understand. Always make them explain everything. Remember, other names for "attorney" are "counselor" and "advocate." And an attorney who doesn't manage to untangle the legaleeze and teach you about the biggest purchase you'll ever make in your life is lazy and probably a bad attorney.
Commercial Property

What is right to cure in a repossession?

When you finance or lease a vehicle, your creditor holds important rights on the vehicle until you've made the last loan payment or fully paid off your lease obligation. These rights are established by the signed contract and by state law. If your payments are late or you default on your contract in any way, your creditor may have the right to repossess your car. Talking with Your Creditor

It is easier to try to prevent a vehicle repossession from taking place than to dispute it afterward. Contact your creditor when you realize you'll be late with a payment. Many creditors will work with you if they believe you'll be able to pay soon, even if slightly late. Sometimes you may be able to negotiate a delay in your payment or a revised schedule of payments. If you reach an agreement to modify your original contract, get it in writing to avoid questions later. Still, your creditor may refuse to accept late payments or make other changes in your contract and may demand that you return the car. By voluntarily agreeing to a repossession, you may reduce your creditor's expenses, which you would be responsible for paying. Remember that even if you return the car voluntarily, you're responsible for paying any deficiency on your credit or lease contract, and your creditor still may report the late payments and/or repossession on your credit report. Seizing the Car

In many states, your creditor has legal authority to seize your vehicle as soon as you default on your loan or lease. Because state laws differ, read your contract to find out what constitutes a "default." In most states, failing to make a payment on time or to meet your other contractual responsibilities are considered defaults. In some states, creditors are allowed on your property to seize your car without letting you know in advance. But creditors aren't usually allowed to "breach the peace" in connection with repossession. In some states, removing your car from a closed garage without your permission may constitute a breach of the peace. Creditors who breach the peace in seizing your car may have to pay you if they harm you or your property. A creditor usually can't keep or sell any personal property found inside. State laws also may require your creditor to use reasonable care to prevent others from removing your property from the repossessed car. If you find that your creditor can't account for articles left in your car, talk to an attorney about whether your state offers a right to compensation. Selling the Car

Once your creditor has repossessed your car, they may decide to sell it in either a public or private sale. In some states, your creditor must let you know what will happen to the car. For example, if a creditor chooses to sell the car at public auction, state law may require that the creditor tells you the date of the sale so that you can attend and participate in the bidding. If the vehicle is to be sold privately, you may have a right to know the date it will be sold. In either of these circumstances, you may be entitled to buy back the vehicle by paying the full amount you owe, plus any expenses connected with its repossession (such as storage and preparation for sale). In some states, the law allows you to reinstate your contract by paying the amount you owe, as well as repossession and related expenses (such as attorney fees). If you reclaim your car, you must make your payments on time and meet the terms of your reinstated or renegotiated contract to avoid another repossession. The creditor must sell a repossessed car in a "commercially reasonable manner" - according to standard custom in a particular business or an established market. The sale price might not be the highest possible price - or even what you may consider a good price. But a sale price far below fair market value may indicate that the sale was not commercially reasonable. Paying the Deficiency

A deficiency is any amount you still owe on your contract after your creditor sells the vehicle and applies the amount received to your unpaid obligation. For example, if you owe $2,500 on the car and your creditor sells the car for $1,500, the deficiency is $1,000 plus any other fees you owe under the contract, such as those related to the repossession and early termination of your lease or early payoff of your financing. In most states, a creditor who has followed the proper procedures for repossession and sale is allowed to sue you for a deficiency judgment to collect the remaining amount owed on your credit or lease contract. Depending on your state's law and other factors, if you are sued for a deficiency judgment, you should be notified of the date of the court hearing. This may be your only opportunity to present any legal defense. If your creditor breached the peace when seizing the vehicle or failed to sell the car in a commercially reasonable manner, you may have a legal defense against a deficiency judgment. An attorney will be able to tell you whether you have grounds to contest a deficiency judgment.

Math and Arithmetic
Commercial Property

How many square feet are in 2 acres?

Two acres are equal to 87,120 square feet.

Commercial Property
Money Management

If both husband and wife are on the deed to the house but husband is the only one on the mortgage if something were to happen to the husband would the wife have to refinance?

Technically the wife and husband own the home while the husband is the only one who owes money to the lender. The property has been pledged to the lender to secure the loan. If the loan has a due on sale clause or other restrictions then there could be a situation where the lender will call the loan due. It is rare for a lender to make a loan to only 1 party who is on the deed. Normally what has happened is an individual took out a loan secured by a property when they were the sole owner. Later the other party, the spouse, was added to the property's title. Normally this is a technically violation of the Due On Sale (DOS) clause in the mortgage contract if you check the fine print. The transfer while valid has triggered a situation where the lender is free to call the loan due. In many cases a better solution that to put the wife on title when the husband already owns the property is to have the husband deed the property to a trust and then have the trust set up so the wife retains the ability to live in the property and to otherwise gain the same benefits as owning the property. The key with a trust is the DOS clause is not triggered when the trust is being used for estate planning. Providing for one's spouse after something happens is exactly what estate planning addresses. If the wife is on title and the husband is no longer alive, the wife may or may not be asked to pay off the loan. If that is the case she can refinance or use savings to pay off the loan. In many cases the lender will not take any action if the payments remain current. Insurance is one possible way to help the wife protect her interest if the husband was to die or otherwise not be able to work and she is on title. It may or may not be the right solution in any particular situation. Insurance can also be a good solution even if the property is in trust as it can provide a lump sum so the wife has fewer economic problems. Assuming the wife is being asked to pay off the loan and she lacks the means to either refinance or pay off the loan from savings then a sale of the property becomes the normal solution. Otherwise the lender can start a foreclosure action to force a sale at auction.

Business & Finance
Business Accounting and Bookkeeping
Commercial Property
Financial Statements

Why do you need to re-class a journal entry and clearing an accounting in accounting?

Because somebody made an error, or there was some other kind of misunderstanding. It happens all the time.

Swimming Pools
Pool Building and Repair
Commercial Property

How much does it cost to build an indoor pool?

== == 18,180

Math and Arithmetic
Sales and Customer Service
Commercial Property

When buying a business what does PRICE plus PE plus SAV mean?

SAV means Stock at Valuation. So when the business is brought it is the value of the stock on hand at the time of settlement.

Home Buying
Commercial Property

What is a perfect name for a real estate company in Florida?

ReLive, GoldClass, Estate Professional, Golden Estates

Real Estate
Commercial Property

How much does it cost to build a mall?

Why type of mall is being considered? What is the local building code like and what sort of work is required to improve the local roads or other infrastructure details?

The price varies depending on the size of the mall and the features you want. A high end mall full of designer shops will have a high specification and likely be in a more expensive compared to build a small strip mall where limited parking is needed. Other things that can cause the costs to vary are the number of washrooms, how many elevators if more than one floor, multi-story car parks, signaling upgrades for local intersections, tax assessments to fund the impact to the local community, cost of the property and so on.

Also remember the cost of maintenance should be factored in as well. Enclosed malls with central water features, snow removal and other seasonal issues that impact the design and construction requirements such as HVAC. Any required mass transit facilities to bring in shoppers and reduce the number of car journeys. Environmental and transport studies plus the general planning plus permit processes.

The list can go on and on and is very much based on the specific mall being considered.

Beer and Brewing
Commercial Property
Real Estate Leasing
English Spelling and Pronunciation
How To

How to spell premises?

The correct spelling is premises.

One example sentence for you is: We will have to close the premises.

Another example sentence is: You have been asked to leave our premises twice now.

Home Buying
Commercial Property

What is red in some other languages?

Red (color)

  • American Sign Language = click here.
  • Afrikaans = rooi
  • Bavarian = Roud
  • Czech = Červená
  • Danish = rød
  • Estonian = punane
  • French = rouge
  • German = Rot
  • Hebrew = adóm (אדום)
  • Indonesian = merah
  • Javanese = Abang
  • Japanese = aka (赤)
  • Kurdish = sor
  • Latin = ruber
  • Malaysian = merah
  • Nahuatl = chichiltic
  • Occitan = roge
  • Portuguese = vermelho
  • Swedish = röd
  • Tagalog = pula
  • Vietnamese = Đỏ
  • Yiddish = Roit (רויט)
Building and Carpentry
Commercial Property

When should you request a building premit?

always ask as you do not want to install whatever your wanting to change and have it done less than therbuilding code requires or have it cross over any required setbacks.


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