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Small Business Rental Property |
Rental means hiring of definite premises with the purpose of temporal
usage. Rental property
is an
alternative to property purchase. Businessmen being in the period
of
their business startup, are usually unwilling to purchase real estate
property due to high prices that consume a significant part of startup
funds. Small business loans
granted are usually insufficient to purchase business property.
It must be owned, that business
rentals have a number of pros and cons. The advantages are: wide
choice of rental property at all price categories; not high rental
payment (if compared to property purchase prices); rental property
leaves
possibilities to move, if better property dislocation for
business-keeping is found.
The disadvantages are: price fluctuation on the rental market; leasers
are usually reluctant to provide long-period rents (more than 1-2
years). Besides, business
property loans can not be obtained by businessmen to support
their activity, since they do not own property to provide as
collateral.
Rental property is
usually found on the Internet or in real estate agencies' catalogues.
In fact, a number of real estate agencies have online access to their
databases where registered users may scroll photos and descriptions
choosing business rentals
of different prices.
Before signing the rental agreement the businessmen are recommended to
read the document carefully. It must contain the rental price;
premises' dimensions; repair conditions; neighborhood details;
housekeeping; maintenance and other points.
Leasers and leaseholders are welcome to sign the agreement at notary's
presence. The document, signed and acknowledged is completed in two
copies, registered and is to be retained by both parts until it expires. |
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