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Commercial property, also called commercial real estate, investment property or income property, is real estate (buildings or land) intended to generate a profit, either from capital gains or rental income. [1] Commercial property includes office buildings, medical centers, hotels, malls, retail stores, multifamily housing buildings, farm land ...
The Neighbourhood Commercial 2 (CN2) zone is intended for small commercial sites and areas in or near less dense or developing residential neighbourhoods. The emphasis of the zone is on uses which will provide services for the nearby residential areas, and on other uses which are small-scale and have little impact.
A CAM charge is an additional rent, charged on top of base rent, and is mainly composed of maintenance fees for work performed on the common area of a property Each tenant pays their pro rata share of a property's total CAM charges, which prorated share is the percentage of the tenant's rented square footage of the total, rentable square ...
Commercial real estate has been turned upside down and it is far from recovered. Just last month, the National Association of Realtors reported a high vacancy rate of 13.3% .
Depending upon the common area type (i.e. business, residential, state-owned) there are certain precautions one must take with utilizing them. [citation needed] Some require leases, some require contracts, and some only require a spoken pledge. For example, businesses may share common areas in a store that accepts vendors from multiple backgrounds.
A lease option (more formally Lease With the Option to Purchase) is a type of contract used in both residential and commercial real estate.In a lease-option, a property owner and tenant agree that, at the end of a specified rental period for a given property, the renter has the option of purchasing the property.
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