Even worse, they will often take as large an upfront bonus as possible and leave you with a much lower split of laundry income for the life of the contract. The larger the upfront bonus, the less you will recieve in profit sharing.
It is important that the particular property that you are going for is near to places such as hospitals, airports, bus stops, academia and others. Since, metro has come as a boon for people, you should make sure that the office property is near to metros. It will be easier for your people to commute from cities like New Delhi, Noida and others. While you are searching for an apt office location, keep in mind the employee base. This will help you to analyse the size of the office required. You should also keep in mind the budget limit. At Gurgaon, you can find office property in all budget limits. In addition, you can even take up office for lease. What more, you can get are Privy, Boulevard and much more.
Of course, it goes without saying that proper care should be taken when planning your retirement. It is not something that can be done in a jiffy. You have take everything into account, like long term financial plans, expenses in the future, healthcare, accommodation, taxes and so on. Basically retirement planning involves taking into consideration everything you will need when you grow old and are no longer working.
Commercial exchanges have very specific time frames and rules. We just had a call from a seller who said “I just closed on the sale of my commercial building and I want to exchange it for another”. Big mistake once the closing check went into the sellers account the exchange is no longer viable. Commercial exchanges, selling off portfolio’s and deciding what avenue to take is a process that should be done with a commercial real estate company that you can have good communications with.
Nothing could be more disruptive to your move into your new commercial property than to see it disrupted by a major road renovation or highway expansion in front of the building. So do some homework to make sure that access to your commercial property is in no danger of being slowed or stopped by building projects or other city improvements. Further, find out what is going on with the building. If the roof is in for repair or the plumbing is going to get overhauled, do you really want your new lease to lock you into that nuisance. So while talking to the landlord, also talk to some people behind the scenes who are “in the know” about your new commercial property location.
Keep in mind that most states do not require commercial mortgage brokers to be licensed. So it is up to you to determine whether a broker is right for you and if they are worth the money you will be paying. Ask questions and check references to ensure that they know what they are doing. There are a lot of great options and equally costly mistakes that can be made in the commercial finance industry. A good commercial mortgage broker will make sure you don’t make a mistake that will cost you thousands of dollars or more. Remember, the best interest rate is not always the best loan.
If you have copies of the old Phase I and Phase II Environmental reports, include them as well. They will not be current, but could nonetheless help the lender in knowing when the property was last judged to be free from hazards.