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Home»Travel»Choosing and buying commercial real estate

Choosing and buying commercial real estate

February 18, 2020

There are two stages of buying commercial real estate. The first stage is the execution of a contract for the provision of housing and communal services. The second stage is the transfer of the premises by registration with the owner of the contract of sale. To conclude the contract, a standard set of necessary documents will be required: a certificate from BTI, documents that provide the right to own the object, as well as personal docks of the buyer and seller. The list of necessary documents can be much more extensive, it all depends on the situations. The process of registration goes through quickly enough if all the necessary documents are in the hands of the seller. In practice, there are also situations when the seller does not want to put in the order of his documentation and spend additional financial means. In this case, the realtor on behalf of the seller by proxy is engaged in this.

The maximum term for putting in the order of documents is half a year. Registration of commercial real estate as property can take from one, to three months. Nowadays, there are situations when it is necessary, along with real estate and its purchase, to formalize the land on which real estate is directly located. This is an expensive and slow process. After registration of all the necessary documents, you will be forced to pay the lessee established taxes. It is necessary to re -register the act of permanent use of land in the relevant organization, if the land of the land on which commercial real estate is located is in constant use.

The most expensive and laborious process begins after the purchase of a commercial type. You will have to conclude a communal service agreement of your premises. Practice shows that the most problematic actions are the coordination and conclusion of the technical conditions for the power supply of commercial real estate premises. We all know that there is a risk of conditional and non-fictional payments. Sometimes the cost of such payments reaches thirty percent of the entire cost of the project. And this is not counting the official and mandatory payments.

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