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For tenants, mixed-use space is commonly referred to as a live-work space. Diversity of tenants. According to the National Community and Transportation Preference Survey by the National Association of REALTORS®, 53 percent of Americans prefer walkable communities. Live/Work Tenants Will Take Care of Their Rentals/Leases.
Mixed-use commercial property refers to a sector of real estate that combines two or more uses within walking distance. National Association of REALTORS® (NAR) provides great insight through their National Community and Transportation Preference Surveys. And, why is it reaching new heights in popularity? Demand for Rental Units.
Similarly, leased property includes a risk that tenants will not be able to make timely lease payments as expected. Late payments can create cash flow problems for the property owner, but the situation can be worse if the tenant goes out of business and moves out of the space. Inflation Risk. Macroeconomic Risk. Interest Rate Risk.
A small, independent living area constructed on the same property as a single-family home is referred to as an accessory unit. Usually smaller than the main house, accessory units serve a variety of functions, such as giving family members or tenants extra living space. It is also known as a secondary unit or in-law unit.
A small, independent living area constructed on the same property as a single-family home is referred to as an accessory unit. Usually smaller than the main house, accessory units serve a variety of functions, such as giving family members or tenants extra living space. It is also known as a secondary unit or in-law unit.
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