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If you rent a commercial property for your small business, chances are that it will need some work to make it suitable. Most landlords offer some type of commercial tenant improvement Ottawa financing making it a good idea to know what the options are, and what might be best for your specific situation.
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If you rent a commercial property for your small business, chances are that it will need some work to make it suitable. Most landlords offer some type of commercial tenant improvement Ottawa financing making it a good idea to know what the options are, and what might be best for your specific situation.
If you are thinking of investing in the commercial property, it will offer more financial reward as compared to the residential. Commercial property includes retail buildings, office buildings, warehouses, industrial buildings, apartment building that include retail, office and apartments. Thus, the commercial real estate has a long history of being an attractive investment source.
Many landlords offer a discount on rent or free rent for a pre-determined number of months. The tenant then uses these savings to fund the renovation. A common option is free rent for one month every year for the duration of the lease. The tenant is also responsible for overseeing the improvements or renovations. Similar to TIA, you are less likely to experience issues with quality of workmanship or materials as well as cost overruns as long as you choose the right contractor. Some landlords may raise the rent at a later date to recoup the discount so it is worth talking with the landlord about future rent projections before taking the deal.
http://www.dicksongeneralcontractors.com/ Dickson General Construction 451 cavessonst, Kanata, Stittsville Ontario K2S1Y4 (613) 252-0620 rckieu@yahoo.com