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Can you live in a commercial property in Indiana? Living on a commercial property in Indiana is generally restricted by zoning regulations and land use laws. These regulations dictate how properties can be used, and commercial zones typically do not permit residential living.
Now, delving into the legalities, its typically illegal to reside in a property zoned as commercial. This is often due to health and safety codes that commercial properties dont align with. However, there might be exceptions if a commercial building gets zoned for residential use through a variance process.
Triple net leases are one of the most widely used types of commercial real estate leases. In this arrangement, the tenant pays rent, a share of property taxes, a share of insurance, and a fixed fee for common area maintenance and operating expenses.
Carefully considering your business needs and financial situation when choosing a commercial lease type is important. Gross Lease. Often found in office buildings and retail spaces, gross leases provide a simple, all-inclusive rental arrangement. Net Lease. Modified Gross Lease. Percentage Lease.
The short answer is it depends. Local zoning laws and insurance coverage make a big difference depending on your location. Its usually wise not to live in a commercial property unless your lease includes living on premises. You dont want to get evicted from both your home and business.
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Yes. However, living in a house owned by your LLC may not be the best ideaunless youre a celebrity, really value privacy, or have a stronger than average need for asset protection. Basically, the gains need to be worth the headache of navigating the variety of legal and tax implications that can develop.
The landlord of a commercial space for rent may require the following: Security deposit (e.g., one months rent or more) Financial statements. Profit and loss statements. Balance sheet. Business bank statements. Previous landlord information. Credit reports. Business tax returns.

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