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From the 1st of Feb 2016, in the UK, all landlords and estate agents are required to carry out immigration status checks of all tenants. This scheme is called Right to Rent.What Does Right to Rent Mean for UK Landlords?From February 2016, if you want to rent a house, apartment or HMO in the UK, you will be asked to provide documentation such as a passport or VISA to prove that you are legally allowed to rent a property in the UK.The new scheme will come into play from the 1st of February 2016 and will require rent checks to be carried out on all adult tenants on tenancy agreements in the UK. All existing tenancy agreements will not be affected.New tenants may have to pay a small service fee and provide copies of relevant documentation such as passports and/ or VISAs to go through the new checks to prove that they are legally allowed to live in the UK.This will come as an inconvenience for most private landlords, but for our investors, the process will be managed internally as part of our exclusive property management service.For more information please visit: www.heatongroup.co.uk

What is 'Commercial Real Estate'Commercial real estate is property that is used exclusively for business purposes and that is leased out to provide a workspace rather than a living space. Ranging from a single gas station to a huge shopping center, commercial real estate includes retailers of all kinds, office space, hotels, strip malls, restaurants, and convenience stores.BREAKING DOWN 'Commercial Real Estate'Commercial real estate is one of the three main types of real estate, along with residential and industrial. As its name implies, commercial real estate is used in commerce (residential real estate is used for living purposes, while industrial real estate is used for the manufacture and production of goods). While some businesses own the buildings they occupy, the more typical scenario is that an investor owns the building and collects rent from each business that operates there. While residential real estate lease rates may be quoted in an annual sum or a monthly rent, commercial real estate is customarily quoted in annual rental dollars per square foot.Lease LowdownLeases can run from one year to 10 years or more, with office and retail space typically averaging from five to 10 years. “Larger tenants tend to have longer leases,” said Brian McAuliffe, president in CBRE Group's (CBG) Capital Markets division. “Shorter-term leases provide more flexibility to adjust lease rents while longer leases provide more security, especially with credit tenants.”There are four primary types of commercial property leases, each requiring different levels of responsibility from the landlord and the tenant.A single-net lease makes the tenant responsible for paying property taxes.A double-net (NN) lease makes the tenant responsible for paying property taxes and insurance.A triple-net (NNN) lease makes the tenant responsible for paying property taxes, insurance, and maintenance.Under a gross lease, the tenant pays only rent, and the landlord pays for the building's property taxes, insurance, and maintenance.Commercial Real Estate ClassificationsCommercial real estate is categorized into different classes. Office space, for example, is divided into one of three classes: class A, class B or class C.Class A represents the best buildings in terms of aesthetics, age, quality of infrastructure and location.Class B buildings are usually older and not as competitive price-wise as Class A buildings. These buildings are often targeted by investors for restoration.Class C buildings are the oldest, usually over 20 years of age, located in less attractive areas and in need of maintenance.Commercial Real Estate CompaniesA commercial real estate firm advises on how to best negotiate lease agreements that will attract and keep tenants, a useful service for property owners who need to strike a balance between maximizing rents and minimizing vacancies and tenant turnover. Turnover can be costly for owners because space must be adapted to meet the specific needs of different tenants — say if a restaurant is moving into a property once occupied by a yoga studio.There are many firms in the commercial real estate space. CBRE is the largest in the world. Other big players include Jones Lang LaSalle, Cushman & Wakefield Inc. and Newmark Knight Frank. These companies help source commercial real estate, appraise value, broker purchases and sales, manage upkeep, find and retain tenants, negotiate leases and navigate financing options. “A full-service company satisfies all of a client's real estate needs, whether they be individuals, limited partnerships or institutions,” said McAuliffe.The specialized knowledge of a commercial real estate company is helpful as the rules and regulations governing such property vary by state, county, municipality and industry, and size.Commercial Real Estate OutlookThe U.S. commercial property market took a hit during the 2008-2009 recession, but it has experienced annual gains since 2010 that have helped recover nearly all recession-era losses. A report issued by CBRE described the outlook for U.S. commercial real estate in 2018 as cloudy, adding that policy uncertainty is particularly weighing on the commercial real estate market as it enters the late stages of its growth cycle.There are other indicators that suggest the commercial property market has peaked in the post-recession growth cycle. Growth in commercial property sales volume has stalled since 2016, and in December 2017, commercial real estate prices declined for the eighth-consecutive month, according to California real estate firm Ten-X. The retail sector in particular has proved a pain point in the broader commercial property market, as widespread store closures intensified in 2017 and continued into 2018. Painting the retail commercial property picture, popular mall REIT Westfield Corporation saw its stock price shed about 30 percent between mid-2016 and late 2017 before reversing some losses through January 2018.Most firms, however, maintain that the property market remains healthy overall. Commercial real estate firm Colliers International, for example, said in a December 2017 report that robust gains in suburban submarkets and continued gains in the office sector, despite faltering momentum, are examples of robust fundamentals in the industry as it looks toward the rest of 2018.Investing in Commercial Real EstateInvesting in commercial real estate can be lucrative and serve as a good hedge against the volatility of the stock market. Investors can make money via appreciation when they sell, but most returns are generated through rents collected from tenants.In most cases, properties are sold by the building — one office building, one restaurant, one factory, etc. However, if a developer wants more capital to expand a project or wishes to see the returns more quickly, the project will be broken down into smaller units rather than sold as a whole.Advantages to Commercial Real EstateOne of the biggest advantages of commercial real estate is the attractive leasing rates. In areas where the amount of new construction is either limited by land or law, commercial real estate can have impressive returns and considerable monthly cash flow. Industrial buildings generally rent at a lower rate, though they also have lower overhead costs compared to an office tower.Commercial real estate also benefits from comparably longer lease contracts with tenants than residential real estate. This gives the commercial real estate holder a considerable amount of cash flow stability, as long as the building is occupied by long-term tenants.Disadvantages to Commercial Real EstateRules and regulations are the primary deterrent for most people wanting to invest in commercial real estate. The taxes, mechanics of purchase and maintenance responsibilities for commercial properties are buried in layers of legalese that shift according to state, county, industry, size, zoning and many other designations. Most investors in commercial real estate either have specialized knowledge or a payroll of people who do.Another hurdle is the increased risk brought with tenant turnover, especially relevant in today's market, when unexpected retail closures have left properties vacant with little notice in advance. With residences, the facilities requirements of a given tenant are almost the same as any previous or future tenant. With a commercial property, each tenant may have very different needs that require costly refurbishing. The building owner then has to adapt the space to accommodate each tenant's specialized trade. A commercial property with low vacancy but high tenant turnover may still lose money due to the cost of renovations for incoming tenants.Who Should Invest in Commercial Real Estate?Those who have a business, for starters. It can be financially beneficial to own your own workspace rather than rent it.Aside from that, people best suited for investing in commercial real estate are those who either have a considerable amount of knowledge about the industry and its legal, financial and regulatory aspects, or can employ people who do. Commercial properties are a high-risk, high-reward area of real estate investing that will appeal to sophisticated investors looking for a challenge. As you may have guessed, such an investor is likely to already be a high net worth individual since in commercial real estate, investing often requires a considerable amount of startup capital.That said, there is a wide range of commercial properties, from mega malls and office towers to small warehouses and single-shop buildings. When looking at commercial properties purely as an investment, the most important factors are supply and demand. The ideal property is located in an area where vacancy is low and the space available for new developments is limited. Low supply and high demand mean favorable rental rates as well as the hedge of a higher rate of appreciation. The strength of the local economy of the area will also affect the value of your purchase, so you will want to check employment rates via the Bureau of Labor Statistics (BLS) along with other economic growth and strength metrics.Source: Commercial Real EstateRelated Post: https://dosramosteam.com/find-a-best-realtor-in-burlington/

Rules in a paying guest in Bangalore any area this applies Golden rules to live happily with your paying guest roommate………..To stay with the person you don't know at all is of course not an easy task. But when you come in hostel, it becomes inevitable for you to stay with unknown persons. But at the same time you can also enjoy your life if you get accustomed to them. Follow the following steps and you will surely enjoy the company of your paying guest room-mates.1. Clear everything while setting up: it is but obvious that your room mate can not know about your likings and disliking until and unless you inform him/her. So when you are going to setting up everything mention all the does and don'ts so very frankly.2. Respect his/her wishes: when your room mate is willing to adjust with you, you should also respect his/her choices and you should also try to understand him/her. If you are seeking for respect, then you should also be ready to respect others. And never borrow anything.3. Clear up the issues when they are small: when ever you feel that something is going wrong, clear up the matter frankly with your room mate at that point of time only. Remember without speaking anything, no one can understand your thought. Suppose if your roommate has the habit of keeping the things on the bed, inform him or her that you are not comfortable with his/her this habit when you see it for the first time only. Otherwise she/he will also take it as granted that you are comfortable with his/her habit.4. Keep habit of locking window or door: what if your roommate's precious thing gets stolen? You might be responsible for that if you have left the door or window open.5. Don't bring your friends at your room too often: because they are your friends of course you would love to invite them at your room and have a fun together. But think about convenience of your roommate. And also ask him/her whether he/she likes it or not.6. Don't expect too much: don't expect much from your roommate. And don't consider him/her as to be best friend.7. Take initiative: if your PG roommate is reserved or shy he/she might not mix up with you, at that time you try to go closure by giving space as well as sharing the matters. Sometimes the person does not share much not because of the ego or attitude but because of the reserved nature. So try to understand it.8. Be open and accept new things: because he/she is a different person, his/her habit and way of thinking must be very different and unexpected sometimes. But now you have to be mature. Accept the differences and try to adjust changing some of your habits. Because change inevitable.9. Give space: it is necessary to understand how much your room mate likes to discuss the matters. If he/she does not want to share something with you don't force. Give him/her the space. Don't interfere too much thinking he/she is your best friend.10. The golden rule: treat him/her the way you would like to be treated. Respect him/her the way you expect respect.Apply these many of rules and see you will start enjoying company of your paying guest room mate.Make a rental agreement with paying guest owners What is a Rental Agreement?A Rental Agreement is a contract between a landlord and tenant whereby a landlord gives a tenant the right to occupy the residential premises.Can a Rent Agreement be for a fixed period of time or can it be a month to month?A Rental Agreement can be for a fixed period of time, a month to month period or a week to week period. If a landlord and tenant sign a written Rental Agreement for a fixed period of time, usually for one year, they are bound by the terms and conditions until the end of the fixed term.How many witnesses are required for the rent Agreement process?A total of 2 witnesses are required during rent Agreement process and both witnesses should have PAN number and Aadhaar card available at the time of execution of the e-registration.Is it necessary to Notarized Rent Agreements in India?In India, it is not mandatory to notarize a Rent Agreement. As long as it is printed on Stamp paper and is signed by both parties and by two witnesses, it is considered binding. However, if you wish to notarize it, you may do so.List of Documents required for Notarized Rental Agreement.We don't require any physical document but we need some Owner, Tenant & Property basic informations.What is the difference between Lease Agreement and Rent Agreement?A Lease Agreement is a contractual arrangement calling for the lessee (user) to pay the lessor (owner) for use of an asset (property, premises). Broadly put, a lease Agreement is a contract between two parties. Rent Agreement is the tenant's (lessee's) regular payment to a landlord (lessor) for the use of that property, House, Flat or Land.What is a PG or Paying Guest ?Its a place to stay - Habitat for working Professionals, Students, Job Seekeres Anyone - Even for those who are kicked out from Home.At What Budget can i get paying guest?Its Based on your pocket friendliness choose your paying guest - moreover depends on sharing &, locality. It can be anything please discuss with the concerned pg owners for yout budget. Of course after you see your Bed only.Is there any security Deposit for my stay?Generally answer should be yes ! If you are damn lucky - No ! How - Competition boss competition. Survival of fittest in business. If you can convince him with a cheque or job safety - Its purely based on your talk and Seasonal demand in the paying guestHow will they refund the deposit back?Most asked thing about paying guest is this! It is purely based on your relationship with the PG owner. Join in a big pg. Rules is rules. Better get a agreement with pg owner.Are the paying guest Luxurious enough ?Pay more to be more. Luxury comes to mind only when you pay more. Luxury paying guest addicted persons have to pay more- yeahWhay facilities will paying guest owners provide me?North and South Indian Food - 90% of PG's Do this only Multi-Cuisine Food / Kerala Style / Andhra Style - You have to check with specific paying guest owner 24 Hours Hot Water - WOW - Be sure to use when need only Drinking Mineral Water - RO -UV Treated Separate wardrobes / Cupboards / Lockers - Again its economical or luxurious LED TV in each room or common area Attached bathrooms or Common bathrooms upto 6 people 2 and 4 Wheeler Parking - Closed or open space Wi-Fi Connectivity - Hi speed or low speed Self cooking facility - check with pg owner Few PGs have Living room with Sofa Set and a Big LED TV And few High End Paying Guests (PG) in Bangalore also have GYM for fitness buddiesWhat is the advantage of a Paying Guest(PG) over a House or Room?positive and negative for each topic varies. When it comes to home. cost is more - Living Freedom is more. Whereas PG you have to follow 4 things 1. Rules 2. Rules 3. Rules 4. RulesAdvantages - Security is good as you can stay in groups - Loneliness will not come to your mind - New Friends will be around you may be of same ages - Common facilities like TV, Washing Machine, Fridge, AC GYM when used with pg mates will be much cheaper than you pay them for each and every service. - Food Cost will be much cheaper than lodging or cooking Individuals - Location of Paying guest will be in such places that - rent will never be affordable there - You may Quit this service anytime whereas House shifting is a very long process-Disadvantages- Chances of Getting to wrong pg may give you bad experiences Be carefull when you choose a paying guest - You may not throw your things as you wish. Right to Freedom is lost in paying guest - Coming on time to pg will be important - Also these pg wording depents on Individuals opinion. Think before you take my wordsSafety factors for Paying guest of Females in bangalore?The Government has ordered that all the Ladies Paying Guest (PG) in Bangalore must have a CCTV Camera and a Security guard to ensure the safety of the ladies/girls staying in the PG. 95% of pg owners are doing it. Ensure you are not part of 5% of the remainingIs the food provided in Paying Guest (PG) Healthy?Your taste buds will tell you. Home food is good. Healthy. Choose pg which has highest reviews and Positive comments for a specific PG accomodationsMost Important Things Women Should Look for While Selecting A Paying Guest AccommodationToday's women are confident and have specific career goals for themselves.One of the biggest steps on their path to turn into a strong independent self is to m ove out of their comfort zone for shifting to different states and cities having more lucrative academic and career options. Perhaps the most challenging task for them after relocating to another city is to find a suitable paying guest accommodation for themselves. It becomes really important to keep certain things in mind before finalizing a living space.Here is the list of top 5 things every woman or girl should keep in mind while choosing the right Paying Guest Accommodation Center.Safety and Security With an ever increasing rate of crimes against women,especially in the metros, the first important thing to consider is safety and security. Choose a locality which has a good record in terms of security. The Resident Welfare Associations (RWA) of good localities hire security guards who keep a check on every person entering or leaving the area or building. They keep proper records of outsiders coming into the locality and are always on guard. Never live in an area not having such tight security measures.Budget and Your Specific NeedsEvery girl should look for a PG which is affordable yet comfortable. Make a record of your earnings, expenses, savings and allowances, if you have any, and then see how much amount you can spend on accommodation. Make a list of your specific needs like eating only vegetarian food or requirement of two rooms instead of one and other important aspects of living in a PG.Start Searching Online FirstYou will get a better idea about the features and price range by looking at your options online. Read the reviews of various paying guest accommodation centers over some real estate websites as it will help in making your final decision. Moreover, you will come to know about all the PGs available in your desired location.Proximity to Your Work-Place or CollegeMostly women step out of the comfort zones of their homes in order to study in colleges or go to work elsewhere. Whatever you need on a regular basis, just make sure that it is not far away from the PG.You will have to ensure that different modes of transport like buses, metro, local trains, auto rickshaws are easily available from the area that you are residing in.Check for things that cause inconvenience, like not getting a conveyance on time when you need to reach someplace urgently.Staff MattersFor women, it becomes really important that the staff members should include only females or at least one female. In the absence of the owner, one or two female staff members should be present 24/7 for the security of the tenants. Never start living in a PG which does not have female staff members. Make sure that the female staff is hired only after a thorough background check. Your security is in your hands, you should be confident that the house-owner and the staff members have a clean-chit. Properly look into their credentials before you decide whether that particular PG is the perfect choice for you or not helps.Quick Tips to Find Right Paying Guest Accommodation CenterMost of the people, especially youngsters, are stepping out of their homes to explore better career opportunities in today's fast paced world. Getting out of your comfort zone, interacting with unknown people and exploring the necessities on your own can give a headache to anyone. But, the thought of finding a suitable Paying Guest Accommodation Center in an unknown city or state might seem as an absolute nightmare.Here is a quick guide to help you find the most suited paying guest accommodation center in no time:Budget and Needs The first and foremost step before starting your desirable PG search is to note down your exact needs like location, features to help you make the budget. Take a pen-notepad and write down all the things you want in your PG. Go through your earnings, expenses and savings and fix a particular amount of money that you can afford to pay every month.Online PG : - Search Make good use of technology to start your PG accommodation search online. There are a number of real estate websites to help you find the best PG nearby your college or office. Some sites even allow you to post your requirements and interact with agents or owners.An Agent with Multiple Options : - It is a good idea to find an active agent in the area of your choice. Do not engage with more than two agents, but make sure to go through multiple options shown by the agent. Usually, the fee charged by agents is less than or equal to a month's rent.Location and Transport: - Do you really want to spend hours driving to reach your office/college every day? If the PG best fitting your needs and budget is located far away from your office, try finding another one because it is best to live in the same or adjoining area as that of your office. You will be able to cut down on the fuel expenses, if it is at walking distance. However, if you don't own a vehicle; make sure to check if the transport facility is available nearby your PG.Security and Surroundings : - Do not trust every word coming out of the mouth of owner blindly. Do your own background check before finalizing the place. Hospitals, general stores, restaurants, petrol pumps and other basic necessities should be near your PG. It is best if the PG is surrounded by residential houses.Room : - Check for the windows, bathrooms, leaks or construction faults in the room. Make sure to ask questions about the water and electricity supply. Clarify beforehand if the usage of electricity appliances is allowed or not. Some PG accommodation centers promise internet connectivity. Check the connection and ask for hidden additional costs too.Food: - Make sure to ask the owner about the food serving, time and quality. If you take meals at a specific time, mention that to the owner. Do they offer only vegetarian dishes or non-vegetarian too? Ask all the questions that matter before hand. Make sure the food served is hygienic.Restrictions : - The last and most important step before finalizing a PG accommodation is to check the restrictions. Are you allowed to bring your friends or family to your rooms? In case you work at night shifts, make sure to mention this in case the PG owner doesn't allow entry after specific hoursTips for Owners to Run Successful Paying Guest Accommodation CentersEducation and professional sectors are booming in India at a lightning speed due to advancements in technology. This trend of moving to big cities to get better opportunities have given people a new idea to earn extra cash, by opening a PG accommodation center. Opening a PG accommodation center might look like the fastest way to earn cash, but maintaining a PG is not everyone's cup of tea.Here are some tips for owners to run successful paying guest accommodation center business.Proper Space and Facilities - Before starting a PG, it is best to check if you have the right space and basic facilities nearby. Is there any point in opening a PG accommodation center totally out of the city? Find a location, prefer the residential surroundings, where all the basic facilities like hospitals, schools, colleges are at a walking distance. Moreover, the facilities might differ as per the nature of tenants. Understand the group that you want to accommodate - college students, bachelor office going boys or families. Make up your mind about the tenants and then think about the facilities.Legal FormalitiesSelecting and setting up the building was the first step. Now, for running a paying guest accommodation center the owners need an attractive name (for marketing purposes) and health tradelicense. The licenses and legal formalities differ as per the state and locality. Sometimes, all you need is a written permission of the society to start a PG. Set out some rules beforehand. Keep a proper record with the identity proofs of every current or previous tenant.Arrange StaffYou will need proper staff for cleaning rooms and bathrooms, cooking food, a watchman for locking the main door after specific time at night and a care taker for managing discipline. If you have young girls as tenants, you will need to take all the security measures. A marketing manger will also be required to advertise about your PG both online and offline to attract new tenants. A staff member to answer the queries of people looking for accommodation over phone should also be appointed. Keep contact with nearby institutes to get new students as tenants.Best FacilitiesA paying guest accommodation should be started with an aim of providing a home away from home. Make sure to behave politely with the tenants and advise your staff to do the same. Alwaysprovide good-quality food and clean-hygienic rooms. Maintain a good relationship with the tenants and solve their problems or complaints right away. Provide exclusive facilities like internet connection, washing machines and TV etc. to attract more tenants.Rules and RestrictionsKeep the rules and restrictions in written form and paste it on the notice board near the front desk. Keep the prices genuine and discuss each rule out of the list with every new tenant to avoid any type of confusion. Make sure to expel the paying guest if he or she is creating a nuisance and disturbing the peaceful environment of your Paying Guest accommodation center. full Information on paying guest in Bangalore