When trying to secure a commercial mortgage a certified appraisal must be performed by a commercial appraiser to determine the market value of the property in question. This could affect the terms or amount of the loan or even if the loan is issued at all. Doing a little homework on the property ahead of time…
If you’re found to be in breach of lease your landlord can levy a fine and in some cases will begin an eviction procedure. This will adversely affect your credit and could make it difficult to get a home loan later on. Always take care when leasing to not make life more difficult for yourself later on. CM
If you’re interested in securing a building for lease it’s best to study a blank lease agreement and learn a little about renters laws. Doing a little homework beforehand will help you go into the leasing process more confidently. You can find more advice like this by visiting the rest of our website. CM