Commercial property refers to real estate properties that are used for business purposes, such as offices, retail stores, hotels, and warehouses. These properties are typically owned by corporations or investors and are leased or rented out to businesses or individuals. Commercial properties are valued based on their location, accessibility, and rental income potential.
Read moreReplied by Shiksha Goel On 5/7/2023
Based on the assessed value of the property and the applicable tax rate in the jurisdiction where the property is located, commercial property taxes are computed. The local tax assessor...
Replied by Narsimha Khatri On 5/7/2023
You must first confirm with the local authorities that the property is situated in an area where commercial activity is permitted before converting a residential property to business in Hyderabad...
Replied by Rajesh Thakur On 3/7/2023
In general, commercial property is not meant to be used as a residence. But occasionally, commercial property may be zoned for residential or mixed-use use, or it may be converte...
Replied by Satruijt Dhillon On 5/7/2023
Commercial property insurance is a requirement for everyone who manages or owns a business. Owners of businesses, landlords, and property managers are included in this. Business property insurance provides defenc...
Replied by Monica Dewan On 4/7/2023
A commercial property surveyor is a specialist who assesses the worth and condition of business properties. They could do inspections, offer property values, spot potential problems, and give guidance o...
Replied by Esha Zacharia On 5/7/2023
Commercial properties include office space, retail stores, restaurants, hotels, and warehouses since they are used for commercial activities. Ordinarily, commercial properties are zoned differently than residential properties, and they ar...
Replied by Vidyadhar Shah On 3/7/2023
A sort of loan used to fund the acquisition or remodelling of commercial properties is known as a commercial property loan. The rules and terms of these loans, which ar...
Replied by Rupesh Bakshi On 6/7/2023
Zoning modifications and approvals must be obtained from the Kolkata Municipal Corporation before a residential property can be converted to a commercial one. In addition, the property will be taxe...
Replied by Kananbala Chabra On 6/7/2023
Real estate agents specialising in selling homes have a licence to sell homes, but they might not have a licence to sell businesses. Commercial estate is a specialist industry requirin...
Replied by Chandrashekhar Modi On 3/7/2023
Generally speaking, it is not a good idea to purchase a commercial property with the intention of relocating there, as these properties are not intended for residential use and ma...
