You have decided that you want to take that leap into having your own business but are not too sure how to go about it, where to start? Before taking that step, it is best to know all about property leasing; specifically for the type of business that you want to venture into. You have done all your background checking on the most viable business to have in a certain area but are not too sure where to go from there. What you need to do is find out all you can about specialised property leasing.
Specialised property leasing in a nutshell is property leasing for a specific business/venture. For example, if you want to open a filling station you will need to know all the specifics with regards to property leasing regarding filling stations. Property leasing companies will be able to assist you as a potential specialist property buyer in making an informed decision. What might be necessary is a market valuation of the property you are looking at leasing. Market valuations may be needed for the following reasons:
- Balance sheet requirements
- Auction reserves
- Municipal valuations and rates objections
- Tax valuations
- Expropriation compensation
- Legal/judgement purposes
- Security/mortgage bond valuations
- Privatisation
- Merger/take-over corporate information
- Purchase and sale
The last thing you will need as a potential specialised property leasing client, is to find out that there could be an outstanding financial history or complication on the property that you are about to lease.
A further preventative step to take to make sure that you are making the right decision is by having the property inspected by professionals. As a possible leasing client, you are not aware of the potential problems that there might be on the structure of the property that you intend leasing. It is always best to get a company in to complete a full inspection of the property before signing on the dotted line. There could be existing structural damage to the property that you are not aware of and this could land up costing you a fortune to repair and maintain. Aligning yourself with the professionals in specialised property leasing will allow you the peace of mind that when you start leasing, everything would have been taken care of.
What else should be considered with regards to property leasing?
Another aspect to consider is having an insurance valuation done on the property and its contents. What is often used for insurance valuations is the replacement or reproduction cost approach. In the event of something happening, ie fire and theft it is important to make sure that you are properly insured to replace any goods or do any repairs. Regular insurance estimates are required as the price of property and goods is not stagnant. The last thing you need as a specialised property leasing client is to find that you are under-insured!
Find a company that can assist you every step of the way when leasing a property. The Property Partnership will offer you all the advice that you need before leasing a property. Let The Property Partnership make your transition into the leasing world smooth and effortless. To find out more visit the website, www.property-partnership.co.za