Title: IMPORTANT POINTS TO CONSIDER BEFORE BUYING A COMMERCIAL PROPERTY
1Decision of buying a commercial property is like
entering into a new venture
2Location
connectivity via road, rail or water transport is
required to run the business successfully
3Budget
Any activity, which needs investment, needs a
budget planning before execution. Similar is true
for a commercial property purchase transaction
4Physical condition of the property
This will give an idea of wear and tear this
property must have gone through and what kind of
repairs it might need in the future
5Usage
Every kind of business would put the property to
a different purpose
6Support Services
Support service must be available after purchase.
7Litigation on property
The commercial property should be free of any
old or existing litigation
8Hidden Costs
potential costs must be estimated in advance and
discussed in the contract itself
9To avoid all potential risks and sail through
smoothly
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