Residential tenants are not liable for wear and tear to the property, but commercial tenants may be responsible for full maintenance.
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If you want to change your residential property to a commercial property you must demonstrate how this zoning modification will benefit the community. Find a property like yours that was rezoned to commercial; collect evidence demonstrating the benefits.
The principles of investing in either a commercial or residential property are the same. However, you should be aware that these two major.
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can claim GST credits on your purchases that relate to selling the property (subject to the normal rules on GST credits) – such as the GST included in a real estate agent’s fees. GST applies differently if you sell commercial residential premises under the margin scheme or as a going concern .
Can you convert a commercial property into a residential property? Find answers to this and many other questions on Trulia Voices, a community for you to find and.
Commercial property leases just as effectively as residential. When they get a good anchor tenant, the owner’s doors are knocked down with people wanting to lease to be near the anchor tenant. So the fact that people always need a place to live is not an advantage either.
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What to do: Please enter information in the grey box where applicable. Property owners may use the "View My Property Portfolio" at myTax.
FCP has landed a $80.5 million loan for its acquisition of Edgewater Apartments, a 286-unit luxury residential property in.