What is Commercial Property?

• Property used for business activities to generate profit (e.g., offices, retail stores, warehouses).
• Key Difference: Unlike residential property, commercial property has higher legal, financial, and maintenance obligations.

Steps to Rent Commercial Property

• Title Ownership Validation

• Verify title documents and ensure the property is free of sub-leases or disputes.

• Examine Plans and Approvals

• For under-construction buildings: Check title deed, commencement certificate, and sanctioned plans.

• Built-up properties: Verify the occupation certificate and power of attorney if applicable.

• Create a Renting Agreement

• Include clear terms on rent, duration, renewal, payment intervals, and deposit details.

• Verify Income Tax and Loans

• Ensure the property’s tax records are clear of disputes or mortgage liabilities.

• Real Estate Agent Background Check

• Investigate the agent’s reputation through past agreements and client feedback.

• Complete Legal Formalities

• Register agreements with all signatures, property location, and agreed-upon terms.

How to Attract Big Franchises?

• Create a Property Listing

• Use online platforms to showcase:

  • Property Type: Office, retail, industrial building, co-working space, warehouse, etc.
  • Location: Address, landmarks, and proximity to key areas.
  • Features: Furnished status, power backup, parking, security.
  • Visuals: Upload clear photos and video walkthroughs.

• Highlight Benefits

• Offer competitive rent, long-term lease options, and unique advantages of your location.

• Engage with Franchise Requirements

• Match the franchise’s operational needs (e.g., footfall, visibility, and floor space).

• Provide Detailed Descriptions

• Mention:
  • Rental expectations
  • Lock-in periods
  • Utilities included
  • Date of availability

Why Invest in Commercial Property?

• Higher Returns: Commercial spaces yield better returns than residential properties.
• Long-Term Stability: Franchises and established businesses often sign extended leases.
• Tax Benefits: Offers advantages under the Income Tax Act of 1961.

Other Strategies to Attract Tenants

• Use Billboards and Digital Ads

• Simple, clear messaging with compelling visuals to capture attention.

• Offer 3D Virtual Tours

• Showcase properties remotely to attract franchise owners who can’t visit in person.

• Leverage Commercial Real Estate Associations

• Build credibility and connect with potential clients via networking.

• Hire a Commercial Real Estate Expert

• Professionals handle tenant negotiations, marketing, and leasing arrangements.

FAQs About Leasing Commercial Property

Q1. Can I rent my space to a franchise?
Yes, ensure the property meets franchisor standards and negotiate terms aligning with your interests and their needs.

Q2. What factors should businesses consider when choosing a location?
Accessibility, local amenities, potential growth, and market demographics.

Q3. How do I find tenants for commercial property?
Leverage online platforms, network locally, and highlight unique features through targeted marketing.

Q4. How to determine the rent for my property?
Research local market rates, consider the property’s location and amenities, or consult a real estate expert.

Q5. How can I lease my property for an ATM?
- Ensure municipal approvals and a property size of 60–100 sq. ft.
- Look out for bank advertisements or contact branches directly.

Leasing commercial property effectively requires due diligence, strategic marketing, and catering to tenant needs. Whether it’s a large franchise or a local business, a professional approach ensures maximum profit and long-term success.

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