_________________ refers to buildings or land intended to generate a profit, either from capital gain or rental income.

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01-08-2022
Business

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_________________ refers to buildings or land intended to generate a profit, either from capital gain or rental income.

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okpalawalter8 okpalawalter8 · Answer 1 · 2022-08-12T16:36:18+02:00

Commercial Property refers to buildings or land intended to generate a profit, either from capital gain or rental income.

This is further explained below.

What is Commercial Property?

Generally, Buildings and land classified as commercial are used primarily for commercial rather than residential reasons.

Office buildings, hotels, motels, restaurants, retail establishments, and medical facilities are all examples of the many types of commercial real estate.

This is due to the fact that, in the case of residential property, the renters live in the space, which indicates that the landlord plays a bigger part in the tenants' personal life. Consequently, the landlord has more influence on the tenants. The term "commercial property" refers to any real estate that is not mainly utilized for residential purposes, including but not limited to office spaces, retail spaces, warehouses, and even hotels.

In conclusion, Buildings or land that are meant to make a profit, either via capital gain or rental revenue, are referred to as having "commercial property."