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If you purchase a single-family property, you don’t often rent out the space to others. It’s not uncommon for people to have tenants or roommates, but you’ll typically find that isn’t the case with single-family houses. These properties are not for owner occupancy. That’s why multifamily homes exist.
However, not every prospective tenant fits the type of tenant the landlord is looking for, such as business standing, financial situation, etc. Lessees don’t always realize that some office space lease terms are negotiable; landlords and lease brokers often want to keep it that way. Understand terminology.
In addition to the prospect of skyrocketing property values, buying commercial property for sale gives you control of the property and allows you to dictate usage, rental agreements, and types of tenants. . When searching for property managers in Columbus, Ohio, personality and experience are essential.
Here are several new appraisal resources available right now under the “Learning Library” tab in your McKissock Dashboard. New job aids and infographics: Things to Consider when Appraising Rural Residential Properties. Renovation and Remodeling Appraisal Considerations. Not yet a member? Commercial Real Estate Leases.
When you search office space listings, remember that some landlords list total square footage, including areas in the space that are not usable. Can you make changes to the property? How flexible are your rights as a tenant? Consider property insurance (if buying) or rental insurance (if renting).
Commercial Real Estate Leases In this job aid, you will find a table outlining the five main types of commercial leases and the expenses that landlords and tenants usually bear according to these types of leases.
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