Commercial property: offices, shops, warehouses

Start with renting: you almost always end up changing location after the first year. Buying makes sense when rent would pay it off in 8–10 years and the spot is proven.

Permitted use, electrical capacity, ventilation for a café, a separate entrance and signage rights. Ask why the previous tenant left — it's the most honest indicator you'll get.

A period without rent while you renovate, usually 1–2 months. It's market standard for shell-and-core spaces — put the rent-free terms in the contract in writing.

A healthy market payback is 8–12 years (8–12% yearly from rent). Scrutinize offers promising 'payback in 5 years': usually the rent in the calculation is inflated or the property has issues. Location liquidity beats an extra point of yield.

Day to day, barely — but it affects paperwork: a legal entity provides a full document set for your accounting. More important: verify ownership of the premises and the signer's authority — a lease from an unauthorized person can collapse together with your renovation.

An annual rate review, usually tied to inflation or a fixed percentage. Market practice is 5–10% a year or official inflation. Fix the formula and the ceiling in the contract: 'by mutual agreement' in practice means 'whatever the landlord says'.