Helpful Definition for: Condominium Office Rental & Leasing
Irvine has condominiums which may be rented or leased for office space. A condo is a house where individual residences are separate but they share common facilities such as hallways, heating system, elevators, exterior areas. These are managed by the homeowners association. They may also be used for commercial purposes, such as office buildings, shopping centers and professional offices, such as doctors and lawyers' offices. This is not as common as condos being used for residential purposes, but has slowly caught on. One has to ensure commercial use of condos is allowed in the state, and how the common facilities and its maintenance is defined. Renting or leasing is cheaper as there is no down payment necessary. Quality, space, facilities, proper management and cost-effectiveness are the factors you must consider when renting a condo in Irvine.