Best answer: Can someone live in a commercial property?

So yes, you can absolutely live in a commercial property. You may need, or want, to add bathing and cooking facilities, but that is easily accomplished. You may also want to consider rezoning a portion of the property, and claim it as your homestead, in order to reduce your property taxes.

Can you sleep in commercial property?

The answer to that question will depend on the provisions of your lease. Many business and storage leases contain provisions that forbid anyone from using the property as a residence or sleeping in the building.

Can you stay in commercial property?

Even if you live in an area that has fairly relaxed zoning laws, odds are pretty good that your landlord will have their own rules, which you will agree to in signing the lease. All in all, that makes sneakily living in your rented office or studio space not a great idea.

Can you live in warehouse?

You can renovate and live in a warehouse if the property is exclusively or partially zoned for residential. Many warehouses are industrially zoned, however, so you likely will need a zoning variance.

Can you buy an office and live in it?

Some commercial buildings like old urban warehouses make really popular residential conversion projects, but unless the building is officially given residential status, then living in it will not be lawful.

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Can you live in retail space?

So yes, you can absolutely live in a commercial property. You may need, or want, to add bathing and cooking facilities, but that is easily accomplished. You may also want to consider rezoning a portion of the property, and claim it as your homestead, in order to reduce your property taxes.

Can you build a house in a warehouse?

Modern warehouse-style homes also are a growing trend among younger homeowners. A steel building is an ideal fit if you’re looking into building a warehouse home, where industrial features can bring personality and elegance to your new property.

Can you buy a commercial property with a residential mortgage?

You can either use your own house, another residential property, or you can use the commercial premises you are purchasing. Securing a commercial property on your home has important cost advantages, including a lower interest rate, fewer fees and the ability to borrow up to 100% of the property’s value.

What is the difference between a residential and commercial property?

What are the major differences between residential and commercial property? Residential properties are homes or apartments. … Commercial property, on the other hand, is any property not primarily used as a residence: office spaces, retail spaces, warehouses, and even hotels.