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Updated about 14 years ago,

User Stats

84
Posts
23
Votes
Yan P.
  • Lender
  • Chicago, IL
23
Votes |
84
Posts

Differences between Commercial & Residential Tenant

Yan P.
  • Lender
  • Chicago, IL
Posted

I have been looking at primarily residential properties where I will live in one of the units and rent out the rest. I have a pretty good idea of what I will be up against in a residential in Chicago. However, I have found a mixed use property with retail on the bottom floor that is fairly priced and offering owner financing. What are some of the differences between commercial and residential tenants that I should be mindful of as an owner? (I am sure evictions are much faster, big plus in Chicago)

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