Have you ever thought about putting in money in commercial property lately? A lot of people wish to invest in commercial property, but it is important for all the investors to understand that it works in a different manner in comparison to housing property investment. When you are investing in commercial property you want to rent out the property for receiving income from tenants like in the case of the purchase of any residential property investment. There are some significant differences that need to be kept in mind:
• The tenant is called a Lessee
• Leases are usually for a longer period of time
• Rents are reviewed on a yearly basis
• Vacancies between different tenancies can easily be longer
• Services and goods tax is applicable to commercial property. This will include both rent received, purchase price and any other expenditure related to property
• The maintenance cost is generally paid by the lessee. It means that the rental income is higher
Leon Kriewaldt, the founder of Tenancy Solutions Australia played a major role in his early days in the marketing and business development fields. Peter has successfully carried the task with his advisory skills and excellent customer service. Leon along with Peter help in representing the interests of the clients in terms of reviewing the business accommodation plan. The commercial property advice offered by the experts prove to be of great help in taking sensible decisions related to the field of commercial property leasing.
Commercial & Business Properties for Rent & Lease 