Penn's Northeast’s Post

🚨 RCM on Renting of Commercial Properties 🚨 The expected corrigendum for Notification No. 09/2024-CTR has now been released. Key Update: The term ‘Any Property’ should be interpreted as ‘Immovable Property.’ Previously, there was ambiguity about whether the provision would apply to movable assets like plant and machinery. However, the CBIC has clarified that this rule pertains exclusively to immovable properties, such as land and building rentals.

Real estate investments made during the construction of the complex offer multiple advantages, including obtaining preferential prices and an increased return on investment in the long term. Once completed, the complex will attract increased interest due to modern facilities and strategic location, guaranteeing a significant appreciation of the value of the property and an optimal return. 📞+40 731 622 622 📍Bld. Liviu Rebreanu nr. 40

Discover this #residential corner #plot in the most attractive area in the center of Larnaca, and take the opportunity to develop a three-storey building! Click on the link and check out what we’ve got for you! Submit your offer until Tuesday, 11th of June at 10a.m. 📞 Call us on 8000 8200 for more info #AltamiraRealEstate #Investment #Opportunities #PropertyInvestment #RealEstate #CyprusRealEstate #Cyprus

2025 property market predictions: What’s next for potential buyers.

🚨 RCM on Renting of Commercial Properties 🚨 The expected corrigendum for Notification No. 09/2024-CTR has now been released. Key Update: The term ‘Any Property’ should be interpreted as ‘Immovable Property.’ Previously, there was ambiguity about whether the provision would apply to movable assets like plant and machinery. However, the CBIC has clarified that this rule pertains exclusively to immovable properties, such as land and building rentals.

The RLB bi-annual crane count for Q3 in Australia shows a decline in residential development but growth in non-residential sectors. Residential cranes decreased from 535 to 493, while non-residential cranes increased by 34 to a total of 370. This indicates a shift towards commercial development and changing urban development priorities. What lies in store for residential and non-residential construction? Learn more here: https://ow.ly/vEj150TT1N5 #Construction #Valuations #RayWhiteValuations

Understanding the Importance of Regular Surface Maintenance for Property Owners In property management, regular #surfacemaintenance is not just about keeping a property looking its best; it's about safeguarding the investment and ensuring the functionality and safety of the property. Whether it's a residential home, a commercial building, or an industrial facility, the integrity of surfaces plays a crucial role in overall property valuation. https://lnkd.in/ggUJnkcA

current value — vicinity — proposed comparable properties — valuation — assessment Varand Abedi appealed the 2023 omitted assessment of $1,642,000 for his property at 173 Mineola Road East, Mississauga, arguing it was too high due to modern construction methods. MPAC revised its valuation to $2,202,000. The Board found MPAC's comparable property sales and time-adjusted values more reliable than Abedi's evidence, determining the correct current value as $2,202,000 for 2024, with $1,459,000 for improvements and $743,000 for land. The Board found no evidence to support an equitable reduction. The assessment was ordered reduced to these amounts. Assessment Review Board Ontario #ONARB Abedi v Municipal Property Assessment Corporation Region 15 2024 CanLII 73800 ON ARB Released: August 1, 2024 https://canlii.ca/t/k665k

Commercial Leases can generally be classified under three headings: gross, semigross, and net. In a “gross” lease, all the tenant pays is a fixed amount as rent (typical in a residential lease situation). In a “net” lease, the tenant pays a base rent and, in addition, pays a share of property taxes, operating costs, utilities and similar costs (usually based on the proportionate area being rented). This is typical in commercial and industrial lease situations. A “semigross” lease falls somewhere between a gross lease and a net lease. #cdnecon #cdnpoli #commercialrealestate #gtarealestate #investmentproperty #commerciallease

Location, access, loading requirements...there's a LOT to consider when acquiring industrial property. 🤔 Our latest blog post breaks it down for you, step-by-step. Read it here: https://zurl.co/z9oT  #commercialrealestate #businessgrowth #experttips #CommercialProperty #PropertyConsultant #UKBusinesses #CommercialRealEstate #BusinessSpace