The apartments whether rented or fully owned are the best place to stay as it gives a sense of security as these apartment buildings are often highly guarded with security guards or CCTV cameras. It is convenient to stay in these apartments as the maintenance part of the building and the surrounding areas within the premises, be it garden or lawn are maintained by the owner or the body of these apartments. It becomes an avenue of investment for those who buy it and gives financial security. As a person, who want an apartment on rent the person needs to know lots of factors. Only after considering everything very carefully things can be done in a right way. There are lots of people who are not sure, of what they should rent and hence you should discuss well on this issue. There are lots of people who are the search for apartments online, and there are lots of websites that help them get the things done. Only once they are sure they can go in for an apartment after. There are lots of people who do the right kind of research and only then go in for something that is as per their needs, and that helps a lot.
While renting a flat is not only limited to residential individuals only, the commercial segment also plays a broader prospect in this arena. In fact letting out a property on rent to an individual or even to a family is much easier as compared to a corporate. For that matter even letting out a property as service apartments are much safer and is a better bet than letting it out to a corporate. Initial warnings or legal actions can always be taken against an individual or a family or a group of people staying on a particular property and defaulting in the rental part and forcibly be pushed off from the premises. But it becomes very difficult if the same thing happens with the corporate. If some people have very high rent and they miss the payments, then it could be a problem, and you could end up in a mess.
There have been many a cases whereby a corporate requesting an individual to let out one of his property lying vacant as serviced apartment whereby the ownership right of the property be vested in the actual owner but the same would be managed by the company. In return, company would pay a fixed percentage of the rental income to the owner. Firstly, there are certain legal litigations for a residential property being used for commercial purpose and secondly if the corporate stops paying rent all of a sudden and keeps defaulting then entering into legal war with entity become a complex matter altogether. Moreover, the entity must also be having some terms and conditions which may not match with the owner thus making the proposition very complex overall.