Question 1

What are examples of commercial land?

Accepted Answer

Offices. Retail – retail stores, shopping centres, shops. Industrial – warehouses, factories. Leisure – hotels, pubs, restaurants, cafes, sport facilities. Healthcare – medical centres, hospitals, nursing homes.

Question 2

How much notice do I need to give on a commercial property?

Accepted Answer

So a tenant is likely to have to give between 3 and 4 months notice if rent is paid monthly, and 3 and 6 months notice if rent is paid quarterly.

Question 3

What is classed as commercial property?

Accepted Answer

Commercial real estate, also known as commercial property, is any property that is used for the purposes of making a profit, as well as any form of business activity. Commercial properties are often treated differently than residential properties when it comes to the small print.

Question 4

What should be included in a commercial offer?

Accepted Answer

An effective commercial offer letter has proper formatting and clear language that explain the business idea which is helpful for the target audience.

1. Formal Sales Proposal vs.
2. A Captivating First Paragraph.
3. Present Your Company as a Problem Solver.
4. Use Small Paragraphs.
5. Include Qualifications.
6. Important Points to Note.

Question 5

What are the 5 steps to buying your first commercial property?

Accepted Answer

The basics to buying your first commercial real estate investment
Step 1: Choose your niche and become the expert. Educate Yourself.
Step 2: Learn How To Underwrite Commercial Real Estate Investments.
Step 3: Build Your A-Team.
Step 4: Underwrite At Least One Deal A Day.
Step 5: Make At Least One Offer Per Week.

Question 6

Why commercial land is expensive?

Accepted Answer

This is the result of a few factors. Commercial property takes a lot of money to build in the first place. They require a whole set of systems not found in residential homes. Things like a sprinkler system and more extensive HVAC and plumbing are going to run the cost of the building up.

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