What is a “commercial property?”

Commercial property is land or buildings that are used for business, rather than residential reasons. The list includes hotels, offices, factories, industrial units, garages, and retail outlets. As well as storage facilities such as warehouses. Property that is used to provide services, such as car parks also fall into the category of commercial property.

What to look for in commercial real estate?

When buying commercial real estate, you need to make sure that it can be used for the purpose you have in mind. It needs to have been legally built and have the correct licences in place. You have to be sure that it is in a good state of repair. If it is not, it is important to know how much it will cost to get it to the stage where you can use it or lease it out.

How is a commercial real estate building classified?

Real estate buildings are classified by the type of usage. So, shops and shopping centres would be categorized as retail. While buildings used for storage would be considered warehousing or industrial. Hotels and some other forms of temporary or leisure accommodation would be classified as non-commercial real estate (CRE). Factories and certain types of workshops would be industrial, and offices would naturally be categorized as offices.

What is a “commercial property?”

Commercial property is land or buildings that are used for business, rather than residential reasons. The list includes hotels, offices, factories, industrial units, garages, and retail outlets. As well as storage facilities such as warehouses. Property that is used to provide services, such as car parks also fall into the category of commercial property.

What to look for in commercial real estate?

When buying commercial real estate, you need to make sure that it can be used for the purpose you have in mind. It needs to have been legally built and have the correct licences in place. You have to be sure that it is in a good state of repair. If it is not, it is important to know how much it will cost to get it to the stage where you can use it or lease it out.

How is a commercial real estate building classified?

Real estate buildings are classified by the type of usage. So, shops and shopping centres would be categorized as retail. While buildings used for storage would be considered warehousing or industrial. Hotels and some other forms of temporary or leisure accommodation would be classified as non-commercial real estate (CRE). Factories and certain types of workshops would be industrial, and offices would naturally be categorized as offices.

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Tuesday, 11 June 2019

Owner Liability When Exotic Animals Attack

#AskJeremyDiamond It stands to reason that most animal attacks on humans involve dogs. The dog population across Canada exceeds 8 million. Ontario looked at the statistics about the dog breeds most frequently involved in attacks on people and amended its law pertaining to owner liability to prohibit people from owning pit bulls. This resulted in…

Monday, 10 June 2019

Playoff Fever Could Lead to More Injuries at Toronto’s Jurassic Park

Personal Injury firm, Diamond and Diamond, received calls reporting incidents during NBA finals In all the hype of The Toronto Raptors making their first NBA finals, a Toronto personal injury firm says fans should be extra diligent about their safety. Tonight’s Game 5, set to take place on home turf, could mean a championship trophy…

Thursday, 06 June 2019

Taking Action Following A Birth Injury

#AskBasilBansal One of the most memorable moments for parents is the birth of a child, but birth injuries during labour and delivery can lead to death. According to the most recent data from Statistics Canada, 1,309 infants died within 27 days of their birth while others may be left with severe, long-term effects. Most births…

Tuesday, 04 June 2019

Toronto Uber Accident Lawyer

Thursday, 30 May 2019

Intoxicated Driving Accidents – Can A Tavern Be Held Responsible?

#AskTheresianRaphaelSelvakumar According to Mothers Against Drunk Driving, impaired driving is the leading cause of death related to criminal conduct in Canada. An average of four people die each day in motor vehicle collisions in which one or more drivers test positive for alcohol or drugs. Depending upon the facts of each case, it might not…

Tuesday, 28 May 2019

Contributory Negligence Does Not Prevent A Claim For Damages

#AskKristyMoore Accidents happen to even the most careful people. Whether your vehicle is hit in the rear at a stop sign by a distracted driver or you get hurt in a slip-and-fall accident caused by a building owner using the wrong type of wax on the floors, accidents and injuries caused by the fault of…

Monday, 27 May 2019

Diamond and Diamond Announces Acquisition of Ball and Berljawsky

After fast-paced growth over the past five years, Diamond and Diamond Lawyers are expanding their service offering even more extensively. As of May 27, Diamond and Diamond Lawyers will merge with Mississauga based law firm Ball and Berljawsky, whose areas of legal practice include real estate, wills and estate and corporate law. Founded in 1994,…

Thursday, 23 May 2019

What You Need To Know About Ontario Wrongful Death Claims

#AskPaulMariani The death of a loved one exacts an emotional toll, but it also results in a loss to family members of the companionship and financial support contributed by the deceased. When the death is caused by the negligent or intentional conduct of another party, family members of the victim could be entitled to compensation…

Tuesday, 21 May 2019

Tips for Safe Cycling

#AskPatrycjaMajchrowicz You might have noticed more people riding bicycles throughout Ontario. More and more Canadians have discovered the benefits of leaving their cars at home and using a bicycle to commute to work or simply to get around town. Whether sharing the streets with other vehicles or being used on a remote trail, bicycles offer…

Thursday, 16 May 2019

Understanding Your Spinal Cord Injury Claim

#AskNastassiaIvanova Spinal cord injuries can be life-altering events that leave victims with devastating physical and psychological impairment and disability. More than 85,500 Canadians live with some form of spinal cord injury, and another 4,259 people are injured each year through various types of mishaps, including car crashes, slip-and-fall accidents, and work-related accidents. Damage to the…

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