Difference between commercial property and resedential property

**vijendrasnv** · 02-20-2011, 10:30 PM

When you invest in residential property you are essentially dealing with people. When the rent is late, you have to deal with a person - the tenant. If you feel the property is not being looked after properly, you will have to deal with people who may have a different opinion from you.

With commercial property, you are essentially dealing with contracts. If the rent is not paid on time, then the contract (lease agreement) stipulates a series of remedies that the landlord can take. If the property is not kept up to a certain standard, then the contract may stipulate that you can send in a commercial cleaner and send the bill to the tenant.

We need to understand the benefit of making investment in both the properties. I just ned your suggestions for this.

**clemy** · 02-25-2011, 02:02 PM

Why would you rent a residential property without a lease/contract? Residential should be no different than commercial property when it comes to spelling out exactly what you expect of your renters and what they can expect of you.

**Frank Rolfe** · 04-04-2011, 08:32 AM

I have been very successful in buying and selling commercial property. If you would like my help with this subject, please check out Niche Investment Network or send me a message. I'd love to teach you some of my tips!

**LVrealestateHELP** · 04-04-2011, 04:28 PM

Originally Posted by clemy

Why would you rent a residential property without a lease/contract? Residential should be no different than commercial property when it comes to spelling out exactly what you expect of your renters and what they can expect of you.

I AGREE! Your should always have a lease regardless of whether or not it is residential or commercial. If you are in Las Vegas we can help with property management for both commercial and residential leasing. If you need any assistance with this you can visit our site or email us.

**MikeAustin** · 04-08-2011, 07:52 PM

I agree with you. Leasing or selling for that matter whether involving commercial or residential properties requires a contract to bind all parties thereto.