Before purchasing property owned by a company, what aspects should be considered?
• CommentAuthorhiba • CommentTimeJun 21st 2007 • Answers: 29 • Joined: Jun 20th 2007Report Abuse It is illegal to put residential properties to commercial use. However service-based industries are allowed to operate from residential areas, on the condition that they will vacate the property if any complaint is received from other residential owners.
It is illegal to put residential properties to commercial use. However service-based industries are allowed to operate from residential areas, on the condition that they will vacate the property if any complaint is received from other residential owners. • Can corporate bodies use residential properties as office space? A] Before purchasing property from a company, it is necessary to verify with the Registrar of Companies that the property is not mortgaged or is not being used as a security against a loan, otherwise it is not considered a freehold property.
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