Archive for the ‘Renting’ Category

Are you somewhat confused by all the terms that real estate agents throw around like nothing?

Well don’t worry, I can assure you that you are in good company.

Lets get a few of the basics out of the way and then we can move on to some of the specifics.

One of the first things you have to understand is that there are several components to the overall rental rate that you ultimately end up paying. There is the rent that you pay the Landlord for the use of their space, but also as a commercial Tenant you will also pay for the following items; the maintenance of the overall building, the property taxes, building insurance and management of the property. (I know, I know, it doesn’t seem fair to be paying for the management and maintenance of someone else’s property, but that’s the real world, so get used to it!)

There are basically two types of rents that you will be quoted when searching for commercial space.

They are Gross rents and Net rents. They are two separate ends of the spectrum of what is included in the rent. Gross rent is an all in rent. A true Gross rent includes all of the above mentioned expenses (Property taxes, insurance, maintenance, management, utilities etc. etc.) and any other expense that might be particular to a specific property.

Net rent is a type of rent that includes nothing extra. Net rent is simply the amount that you are paying the Landlord for the right to use their space for a specified period of time. In a single tenanted property the Tenant simply pays for all additional expenses themselves. In multi tenanted properties such as office buildings or multi tenant retail malls the Net rent is commonly accompanied by Additional rent (Also called CAM/Tax which stands for Common Area and Maintenance plus Property Taxes).

The Additional rent covers the expenses mentioned above. The Additional rent is usually an estimated amount based on the previous years operating expenses. The total expenses for the property are added up and then divided by the rentable square footage of the building. The expenses are then allocated to each tenant proportionally to the amount of space that they have of the building. So if a building has 10,000 Sq Ft of rentable space, and a tenant has 1,000 Sq Ft retail store, then they would pay 10% of the total expenses. The Additional rent is quoted on a per Sq Ft basis as well.

In different parts of the country the rents may be quoted differently. In Winnipeg the rents quoted are usually quoted as a price per square foot per year. In other parts of the country they may be quoted as price per square foot per month. When in doubt, ask.

About the Author:

Harry Logan is a Commercial Realtor with RE/MAX executives realty in Winnipeg, Manitoba, Canada. Harry represents Buyer’s & Seller’s and Landlord’s & Tenant’s in all aspects of Commercial Real Estate including the Leasing and Sales of Retail Shopping Centers, Apartment Blocks, Investment & Income Producing Property, Industrial & Warehouse Space, Office Leasing and the Sale of Businesses.

He can be reached at 204-667-SOLD (7653) or through his website at http://www.WinnipegCommercial.com

This is not intended to be Legal or Tax advice. Please discuss these ideas with a competent advisor.

Author: Harry Logan
Article Source: EzineArticles.com
Electric Pressure Cooker

The benefits of rent to own homes are immense. Buying properties by the rent to own method helps in acquiring the ownership of the concerned homes, without dealing with the banks and mortgage companies.

The idea of the rent to own properties is growing very briskly in the real estate market. Some people choose this option just for the sake of checking out the neighborhood, prior to giving full commitment of purchasing the property. The overall outlook of the rent to own homes, make them a perfect solution for the investors.

Most of the people have found their ideal homes by the process of rent to own. Renting to own is fast becoming the preferred choice of the first time investors in the real estate market. This method is similar to the method used for the rent to own vehicles, wherein the vehicle is first leased, and during the lease if the person likes it, the decision of purchasing it is taken.

The fact that the down payments required in the real estate market are increasing with the time, will not be negated by anyone. In such a scenario, buying the rent to own homes is a much better choice, as the down payments required to be made in this method are very low.

Another important benefit of rent to own homes is that the individuals do not have to worry about the closing costs of the property. The agreement regarding the appropriate price of the house is done between the buyer and the landlord.

In some cases, the payments made towards the rent are accumulated by the landlord as payments towards the price of purchasing the property. In such cases, the landlord asks for a payment that is higher than a month’s rent. This is done for substitution of a large down payment. But, these rates are negotiable.

Another benefit of rent to own homes is, the renters can decide during the course of the lease about not buying the property in the future. This is permitted without any kind of repercussions.

The price of the concerned property remains the same throughout the period of the lease. The landlord is not permitted to increase the price during the course of the lease.

Rent to own investors have to keep in mind the ailments of buying property through the rent to own option. There are potential considerations in buying rent to own homes. This is because, the tenant buyer deals with an investor and not with any financial institution or bank, for this purpose.

The unscrupulous investor, who have a better understanding of the fundamentals of the real estate market, can cheat the new tenant buyers into signing a bad deal. Hence, it is always recommended that the buyers do a thorough review of the property before investing in it. The inspection of the property will result in a proper deal that will prove fruitful in the future for the tenant buyer.

Charles W. Moore, a U.S. Army Veteran began Real Estate Investing in 2001. He’s a Successful Investor, and Author of, “Million Dollar Rent To Own Real Estate Secrets Exposed.” Get his Free Report on Rent To Own Real Estate Investing [http://www.Rent2OwnExposed.com] at: [http://www.Rent2OwnExposed.com] – Learn Real Estate Investing, Stocks Markets and Internet Marketing, visit: http://www.REIeBooks.com

Author: Charles W. Moore
Article Source: EzineArticles.com
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Many people ask, “what’s the difference between an apartment and a condo in Bangkok?” Well, condos are individually owned units whilst an apartment is a block of rental units owned by a company, family or individual.

There are, of course pros and cons to renting an apartment over renting a condo and hopefully this article will shed some light on the apartment versus condo rental issue, and help you with your final decision.

Rental prices

When it comes to price, you’ll be glad to know that there is no difference whether it’s an apartment or condo you choose to rent in Bangkok. The rental rate is usually determined by the location, age and grade of building, size of unit, number of bedrooms, facilities, décor and furnishing.

Utility bills.

Now, this is where the main disadvantage lies in renting an apartment over a condo. Apartments tend to have a minimum charge for water (usually around 1000 baht per month) and a surcharge on electricity (around 5 – 6 baht a unit compared to the 3.75 baht charged by the MEA). All this can amount a hefty difference in utility bills at the end of every month.

I live in a 3 storey townhouse with a family of 6 and my water bill has never exceeded 500 bht a month, ever. We do a lot of washing and drinking too!

Building management fees

These fees apply more to condominiums rather than apartments which have already factored this cost into the rent. This is what you call the community fee that goes to maintaining the buildings, facilities, security etc. For condos, this cost around 25-40 baht per square metre depending on the building and its location. The more exclusive your condo. The more your fees are going to be! Most of the time, this fee has already been included in the asking rent by the landlord. However, if you managed to push the rent down significantly and got you a laughing good deal i.e. a nicely furnished 95 sqm 2 bedroom in the CBD for 25,000 baht/month, then it’s likely that your landlord will be expecting you to pay this management fee instead! That’s fair enough don’t you think?

Others

At the end of the day, whether you are renting an apartment or a condo, who you rent it from is extremely important. With condo owners, it is sometimes easier to negotiate on the rent since these individuals can be more flexible, compared to an apartment which charges standard rates that are usually non-negotiable. However, finding a suitable condo for rent is a little trickier on your own since you’ll have to know which building and what unit is available for rent. You’ll also need the owner’s contact too! That is where property rental agencies like Bangkok Finder can help you.

The other thing is maintenance. It’s definitely a lot more convenient if you are living in an apartment since there is usually an in house maintenance guy hired by the building at hand. However, I know of many condo owners who take very good care of their property and have their own handyman who usually responds within a day or two. The cost can be foot by the landlord or the tenant depending on the initial agreement. Usually, structural repairs, electrical wiring and plumbing costs are borne by the landlord, and minor repairs are the charge of the tenant. However, the cheaper your rent, chances are the more you’ll have to account for in maintenance cost during your lease tenure.

Apart from that, apartments and condos offer 24 hour security and feel safer for most, compared to living in a house. There is also NO chance of flooding inside your home, which is a major concern for most people looking to rent or buy in Thailand and the other bonus is, NO MOSQUITOS! That truly is bliss.

Well, that’s about it really! Ready to start your search? Here are apartments for rent in Bangkok and condos for rent in Bangkok.

Maddy Barber is founder of Bangkok Finder. A professional property rental agency specialising in apartments and houses for rent in Bangkok. She has helped hundreds of expats and locals alike find their dream homes and her Bangkok property blog is packed full of useful information for those new to Thailand. Her staff speaks English, Thai and Chinese.

Author: Maddy Barber
Article Source: EzineArticles.com
Smiling shark

Are you a landlord or a house owner who has let out a house on rent? If yes, then you might be running the risk of default on payment of rent. You can not predict when the tenant may miss out on paying the rent. As a landlord, you may be prone to suffer heavy losses when tenants default on making payments. If you were to find yourself in a similar situation, how would you cope up with the situation? The only way to deal with such a situation would be to get rent guarantee insurance.

With this kind of insurance cover, for a relatively small annual fee, landlords can protect against loss of rent. Landlord rent protection insurance is combined with Legal Assistance Insurance wherein the landlord’s legal costs of recovering rent and/or evicting a non-paying tenant are covered.

With help from rent guarantee insurance, a landlord can get the rent on time. He can be rest assured of getting the rent easily with its help. Herein, tenants are professionally credit checked before handing over the keys. This kind of insurance is very useful as it helps them keep their property protected without a letting agent, as the necessary checks involved actually tend to deter rogue tenants.

With rent protection insurance a landlord can protect his interests. Tenants who are likely to default on paying rent can keep themselves protected. Rent guarantee insurance is a type of insurance that keeps a landlord protected against any kind of proceedings to evict the tenant from the rented property where applicable. If you are protected against voids and non-payment of rent, including legal expenses and the cost of evicting tenants, you can make it happen through this kind of insurance. Rent guarantee protection service can help you keep protected.

By availing this kind of insurance, you can look forward to:

o Instant protection if your tenant fails to pay the rent
o Cover up to £2,500 a month in rent
o 6 or 12 month cover option
o Payment within 14 days of default, minus excess
o Expenses for legal action and tenant eviction
o Get Rent Guarantee insurance cover from less than £10 a month and protect against non-payment of rent in a short period

Rent Guarantee and Legal Protection can help you keep protected against all kinds of risks that you may be prone to against tenants. Now, without worrying about the tenants, you can lend your house or property safely.

Sadhna D, Expert Author

Building and Content Insurance:

Building and Content Insurance

Buy to Let Landlord Insurance:

Buy to Let Landlord Insurance

Author: Sadhna D
Article Source: EzineArticles.com
Credit card currency-exchange fees

Are you a landlord or a house owner who has let out a house on rent? If yes, then you might be running the risk of default on payment of rent. You can not predict when the tenant may miss out on paying the rent. As a landlord, you may be prone to suffer heavy losses when tenants default on making payments. If you were to find yourself in a similar situation, how would you cope up with the situation? The only way to deal with such a situation would be to get rent guarantee insurance.

With this kind of insurance cover, for a relatively small annual fee, landlords can protect against loss of rent. Landlord rent protection insurance is combined with Legal Assistance Insurance wherein the landlord’s legal costs of recovering rent and/or evicting a non-paying tenant are covered.

With help from rent guarantee insurance, a landlord can get the rent on time. He can be rest assured of getting the rent easily with its help. Herein, tenants are professionally credit checked before handing over the keys. This kind of insurance is very useful as it helps them keep their property protected without a letting agent, as the necessary checks involved actually tend to deter rogue tenants.

With rent protection insurance a landlord can protect his interests. Tenants who are likely to default on paying rent can keep themselves protected. Rent guarantee insurance is a type of insurance that keeps a landlord protected against any kind of proceedings to evict the tenant from the rented property where applicable. If you are protected against voids and non-payment of rent, including legal expenses and the cost of evicting tenants, you can make it happen through this kind of insurance. Rent guarantee protection service can help you keep protected.

By availing this kind of insurance, you can look forward to:

o Instant protection if your tenant fails to pay the rent
o Cover up to £2,500 a month in rent
o 6 or 12 month cover option
o Payment within 14 days of default, minus excess
o Expenses for legal action and tenant eviction
o Get Rent Guarantee insurance cover from less than £10 a month and protect against non-payment of rent in a short period

Rent Guarantee and Legal Protection can help you keep protected against all kinds of risks that you may be prone to against tenants. Now, without worrying about the tenants, you can lend your house or property safely.

Sadhna D, Expert Author

Building and Content Insurance:

Building and Content Insurance

Buy to Let Landlord Insurance:

Buy to Let Landlord Insurance

Author: Sadhna D
Article Source: EzineArticles.com
Smiling shark

Are you a landlord or a house owner who has let out a house on rent? If yes, then you might be running the risk of default on payment of rent. You can not predict when the tenant may miss out on paying the rent. As a landlord, you may be prone to suffer heavy losses when tenants default on making payments. If you were to find yourself in a similar situation, how would you cope up with the situation? The only way to deal with such a situation would be to get rent guarantee insurance.

With this kind of insurance cover, for a relatively small annual fee, landlords can protect against loss of rent. Landlord rent protection insurance is combined with Legal Assistance Insurance wherein the landlord’s legal costs of recovering rent and/or evicting a non-paying tenant are covered.

With help from rent guarantee insurance, a landlord can get the rent on time. He can be rest assured of getting the rent easily with its help. Herein, tenants are professionally credit checked before handing over the keys. This kind of insurance is very useful as it helps them keep their property protected without a letting agent, as the necessary checks involved actually tend to deter rogue tenants.

With rent protection insurance a landlord can protect his interests. Tenants who are likely to default on paying rent can keep themselves protected. Rent guarantee insurance is a type of insurance that keeps a landlord protected against any kind of proceedings to evict the tenant from the rented property where applicable. If you are protected against voids and non-payment of rent, including legal expenses and the cost of evicting tenants, you can make it happen through this kind of insurance. Rent guarantee protection service can help you keep protected.

By availing this kind of insurance, you can look forward to:

o Instant protection if your tenant fails to pay the rent
o Cover up to £2,500 a month in rent
o 6 or 12 month cover option
o Payment within 14 days of default, minus excess
o Expenses for legal action and tenant eviction
o Get Rent Guarantee insurance cover from less than £10 a month and protect against non-payment of rent in a short period

Rent Guarantee and Legal Protection can help you keep protected against all kinds of risks that you may be prone to against tenants. Now, without worrying about the tenants, you can lend your house or property safely.

Sadhna D, Expert Author

Building and Content Insurance:

Building and Content Insurance

Buy to Let Landlord Insurance:

Buy to Let Landlord Insurance

Author: Sadhna D
Article Source: EzineArticles.com
Canada duty rate