What to do if you have vacant commercial premises. Some questions we should ask to ourselves:
- Is it better to have it vacant or running?
- Does it gain or lose value the more time it is empty?
This is what I suggest:
- Give your commercial premise to somebody willing to open a shop or a business, and do not charge any rent
- Reach an agreement with the entrepreneur, willing to open a shop and enter into a partnership, in which you will provide the commercial premise and he will run and operate the shop.
- Establish according to the type of business, the percentage for each in the venture (could be 20% for the commercial premise owner and 80% for the entrepreneur)
- The entrepreneur should run the shop and thee commercial premise owner could run the administration through an impartial accountant or audit.
- You must take into account that if a commercial area looses traction, by having commercial addresses empty, it is hard for that area to recover
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