Property tax is a type of tax paid by property owners. It applies to commercial properties as well as residential properties and agricultural land.
The amount of property tax is generally determined as the product of the property area and the local coefficient.
For commercial properties, property tax is often considered an operating expense and can be included in the costs that are charged to tenants as part of their rent or service fees.
The amount of property tax and its impact on property value are relatively important factors that property owners and real estate investors should consider when purchasing, selling, or managing commercial properties.
In the context of commercial real estate, the term "cap" is most often used in two contexts: cap rate (capitalization rate) and cap on opera...
Commercial land plot
A commercial plot is a piece of land suitable for commercial construction, that is for activities involving business and trade. Commercial p...
Due diligence is a thorough risk analysis process conducted before finalizing a transaction, such as before purchasing a property or a busin...