What is Real Estate? Real Estate actually means two things. It could refer to property which includes land and the building on it. It also includes natural resources like plants, water, and more. Generally, real estate could refer to buildings both residential or commercial as you will find out so read more. Real estate is also a business of buying and selling or renting land.
There are two types of Real Estate: Residential and Commercial real estate. Go online for more information or click here. Residential Real Estate is a type of leased property that is essentially used for non-business purposes. These properties usually house a single family or a multifamily group. There are different types of residential real estate properties. If you are in the market for real estate read more about the different types and visit this site. Here are a few examples of residential real estate: Apartments, Townhouses, Condominiums, Duplex, Mobile Homes, Villas, and more. For more information about these go online.
If Residential Real Estate is used for occupational purposes. Commercial Real Estate is property used for business purposes, you know like your local Mcdonalds, convenience stores, gas stations, malls, restaurants, and offices. In Commercial real estate businesses usually lease the space, which means the owner collects rent from the businesses. Find out about the different types of commercial real estate leases and visit this site. The four types are: a single net lease where the tenant pays property taxes, a double net lease where tenant pays property taxes and insurance. A triple net lease means the tenant settles taxes, maintenance, and insurance. The fourth is a gross lease where the lucky tenant only pays the rent. Finding this confusing? It happens to the best of us, go online and visit this site for more information.