31Jul
klrehe asked:
The broker I used to find a 2 bedroom apartment presented me with a 2 bedroom apartment but it is a commercial property. What are the possible implications of renting a commercial property to live in? Is it better to not get involved? Are the utilities more expensive? Etc. Any help would be appreciated!
Tags: Find Apartment, Property Broker, Renting Property
30Jul
bootlegteen47 asked:
I was wondering if anyone knows about this. I work for a non-profit in New York City. Today we had the city contract people in our office, just making sure our records on clients are good. They also look at things like fire estinguishers, etc. We have some flood lights above our Fire Exit signs and the city person tested them and they were blown out. We asked the building manager about it and he says that it is our responsibility to make sure they work. It turns out that they needed a certain battery. We had to get someone to go out and buy six batteries and the total was over $140.00. Also the person had to stay late to put them in each exit light. The city person is coming back tomorrow and they must all work. Our commercial lease does not say that we are responsible for maintaining these exit lights and having to buy light bulbs and batteries. We also rent space at another site and that building landlord replaces those items for us (a different address and a different landlord). Does anyone know who would be responsible for such things? Thank you.
Tags: Commercial Lease, Commercial Space, Landlord
30Jul
jessi asked:
I am in the process of opening up a retail shop, but I would like to rent a house instead of leasing commercial space. How would I go about doing this? Would most landlords mind if you did this?
I didnt mean I wanted to get a house in a neighbor hood. You know you see flower shops and gift shops that use to be a house but now are shops, thats what I was talking about. I didnt know how to go about doing that
Tags: Landlords, Neighbor Hood, Retail Store
30Jul
Dan-VP asked: Looking in the neighborhood of 750k – 1.5 million dollars… Assuming the only thing you have to liquidate any assets from would be the home and 401k what are other options where this level of funding could be acquired (DO NOT INCLUDE credit cards or venture capitalists in your responses) ?
I need answers that speak towards women and minorities seeking loans to acquire commercial property.
Thanks!
Tags: 401k, Assets, Woman
30Jul
niteangel2283 asked:
The problem I have is that I got denied being able to rent an apartment because my ex that I was on the lease with paid the rent late after I moved out. The lease started on August 31, 2005 and I left the apartment in March due to my ex’s domestic abuse. However, I asked him to tell me before I filed the application if he paid rent late since I left and he lied. So therefore, he lied and I ended up being denied being able to rent a decent apartment when I paid the rent on time until I moved out.
How would I go about fixing this situation so that I am able to rent? Is there a way I can prove that I paid the rent on time up until I left or is there nothing I can do. Me and my fiance want to move out but we want to have a place that is up to code and is safe for my 14 month old son. Thanks in advance.
Tags: Apartment Rent, Domestic Abuse, Rent An Apartment
30Jul
wodralir asked:
When Mayor Giuliani took office, one out of every seven New Yorkers was on welfare. Mayor Giuliani has returned the work ethic to the center of City life by implementing the largest and most successful welfare-to-work initiative in the country, cutting welfare rolls in half while moving over 640,000 individuals from dependency on the government to the dignity of self-sufficiency. In addition, Giuliani has enacted a record of over $2.5 billion in tax reductions – including the commercial rent tax, personal income tax, the hotel occupancy tax, and the sales tax on clothing for purchases up to $110 dollars. In addition, hundreds of millions of dollars have been returned to the private sector as a result of the Mayor’s aggressive campaign to root out organized crime’s influence over the Fulton Fish Market, the private garbage hauling industry, and wholesale food markets throughout the City. These reforms, combined with the fiscal discipline which enabled the Mayor to turn an inherited $2.3 billion dollar budget deficit into a multi-billion dollar surplus, have led the City to an era of broad-based growth with a record 450,000 new private sector jobs created in the past seven years. As news of the City’s resurgence has spread around the nation and the world, tourism has grown to record levels.
Tags: Rudy Giuliani, Self Sufficiency, Welfare Rolls
29Jul
Johan22 asked: The collective restaurant that my wife recently became a co-owner of has been operating in the same location for nearly 40 years. Throughout that time, they’ve been pretty much paying the same rent with little or no change. The owner of the property, however, has refused to ever enter into a lease with the restaurant’s ownership. Recently, as the building ages, the issue of which party is responsible for repair and upkeep has come into question. As a former paralegal, I’ve trolled through Virginia’s Landlord Tenant Act but am unconvinced that they are covered by any portion of it as they 1) are a commercial entity and the act primarily covers residential dwellings and 2) have no lease to protect them in the first place.
So my question is if anyone is aware of any rights/protections granted to commercial tenants in the absence of a lease. Furthermore, if, at any point, mold develops or the roof needs repairs, is the landlord responsible if there isn’t a lease in place binding the landlord to repairs and upkeep?
Thanks in advance, I really just need a point in the right direction so I can pass the info on to the collective. Real estate law was never my expertise.
Tags: Mold, Paralegal, Virginia Laws
29Jul
Joshua E asked:
I have a friend that is strictly focused and only subleases commercial properties. He swears that it is the best way to get residual income with limited risk. What are some of the downsides and what are some of the pluses???
Tags: Pluses, Residual Income, Risk
28Jul
jscheese asked:
I do not have a motorcycle license, so I cannot rent a motorcycle but I would like to rent a scooter for a few days to take from Venice to Rome. Does anyone know how much this will cost? Could I get away with a 50cc? or a 100-125cc? or do I need a 250cc to take that far?
Thanks!
Tags: Far Thanks, Italy, Venice
28Jul
tallthino asked:
If I decided to sell some commercial property that I’ve owned for 20 years would I have to pay capital gains tax or just income tax on the proffit?
Tags: Capital Gains Tax, Income Tax, Proffit
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