Commercial properties are among the most profitable property types. Successful investors multiply their success by investing in commercial properties in important areas of the city. Commercial property is inherently different from apartments or villas. There are many procedures for purchasing this type of property used as a business or office. If you are considering investing in commercial property, it is useful to know these procedures.
As we just mentioned, commercial property is different from other property types. If you are planning to buy a commercial property, you should first check the title deed records. The property must not be registered as a residence in the deed. Otherwise, you cannot use your property for commercial purposes. In addition, if you want to buy a property such as a bakery, patisserie, or cafe, you should find out whether your property is suitable for working in these sectors. If you do not learn of this eligibility, you will need to ask the landlords for permission to make changes in this regard.
There must be no legal restrictions or demolition decisions in the records of the Land Registry Office regarding the property you will purchase.
You can check whether there are illegally constructed parts of the property by looking at the architectural project of the building. In addition, the building permit and occupancy permit are among the factors you should check.
Tax debts are another point you should pay attention to. You should make a debt inquiry to check whether the property you are going to buy has tax debt.
The electricity, natural gas, and water subscriptions of the property must have been canceled by the previous owner. So you make sure you don't have any debts from the previous landlord, and you start your subscriptions.