commercial (non-residential) Flashcards
What is the primary function of commercial non-residential providers?
To offer services and facilities for businesses rather than for individual consumers.
True or False: Commercial non-residential providers only operate in the retail sector.
False
Fill in the blank: Commercial non-residential providers may include __________, warehouses, and office buildings.
factories
Which of the following is NOT a type of commercial non-residential provider? A) Office space B) Residential apartments C) Retail centers
B) Residential apartments
What is the typical client of a commercial non-residential provider?
Businesses and organizations.
True or False: Commercial non-residential properties are typically leased rather than sold.
True
What is one common feature of commercial non-residential leases?
Longer lease terms compared to residential leases.
Define ‘commercial non-residential provider’.
An entity that provides space or services designed for business use.
Multiple Choice: What type of facility is a commercial non-residential provider likely to offer? A) Gym B) Restaurant C) Office building
C) Office building
Fill in the blank: Commercial non-residential providers often require __________ to ensure business operations.
zoning compliance
What regulatory compliance is critical for commercial non-residential providers?
Zoning and building codes.
True or False: Commercial non-residential providers can only be large corporations.
False
What is a common challenge faced by commercial non-residential providers?
Economic fluctuations affecting occupancy rates.
Which of the following services might a commercial non-residential provider offer? A) Landscaping B) Internet services C) Both A and B
C) Both A and B
What is the significance of location for commercial non-residential providers?
It affects visibility, accessibility, and potential customer traffic.
Fill in the blank: The lease terms for commercial non-residential properties are typically __________ than those for residential properties.
more complex
True or False: Non-residential commercial properties can include medical facilities.
True
What role does property management play in commercial non-residential providers?
It oversees the operation and maintenance of the property.
What is often a key consideration when designing a commercial non-residential space?
Functionality and efficiency for business operations.
Multiple Choice: Which of the following is a benefit of using a commercial non-residential provider? A) Flexible lease terms B) Access to shared facilities C) Both A and B
C) Both A and B
What is one potential risk for businesses using commercial non-residential providers?
Increased costs due to market demand.
True or False: Commercial non-residential providers can contribute to the local economy.
True
What type of insurance is typically required for commercial non-residential properties?
Liability insurance.
Fill in the blank: Commercial non-residential properties often have __________ requirements that differ from residential properties.
maintenance
