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FREQUENTLY ASKED QUESTIONS

— How can ProGenius LLC assist you?

— ProGenius LLC offers commercial real estate rentals, including office spaces, showrooms, and retail properties. To get started, simply reach out to our team to discuss your specific real estate needs and preferences. We will provide expert guidance, answer any questions you may have, and offer tailored advice to help you make informed decisions about leasing or renting commercial properties.
 

— What solutions does ProGenius LLC provide?
— ProGenius LLC specializes in simplifying the leasing process and handling all commercial real estate solutions for businesses. Our comprehensive services include property leasing, tenant representation, lease negotiations, and property management. We are dedicated to delivering personalized real estate solutions that ensure a seamless and successful leasing experience for your business.

— What solutions does ProGenius LLC provide?
— ProGenius LLC specializes in simplifying the leasing process and handling all commercial real estate solutions for businesses. Our comprehensive services include property leasing, tenant representation, lease negotiations, and property management. We are dedicated to delivering personalized real estate solutions that ensure a seamless and successful leasing experience for your business.

Most Common Questions from Tenants

— How is the renovation period determined?

The renovation period is negotiated between the tenant and the landlord, and rent-free months may be granted during this time.



 

— Who is responsible for utility and additional costs?


The tenant is responsible for electricity, water, gas, internet, and other utility payments.



 

— What is the standard lease term?


Lease terms vary based on mutual agreement, but they typically range from 1 to 5 years.

— Is a bank guarantee or security deposit required?


In most cases, a security deposit of 1-3 months' rent is required and refunded based on the contract terms.

 

—  Who is responsible for renovations and fit-out work?


Generally, the tenant carries out the renovation at their own expense, but certain support options can be negotiated.

— How is tax applied to rental payments?

  • If the property is leased by a legal entity (company), the tenant is not required to withhold tax.

  • If the property is leased by an individual (private owner), a 14% withholding tax is applied.


— What legal support does a property management company provide?


A property management company assists with lease contract preparation, legal security, tax matters, utility management, and tenant rights protection.

— How are the tenant's interests protected?


A detailed lease agreement outlines the rights and obligations of both parties, covering aspects such as renovation, payment terms, and early termination conditions.

— Can the lease agreement be terminated early?


Early termination is possible, but a notice period (usually 2-6 months) is required, as specified in the lease agreement.

— Are the rental properties legally documented?


All properties come with valid and legally verified documents, ensuring secure transactions.

ProGenius LLC logo – Commercial real estate solutions in Baku

+994 50 9 888 333

Abdulhavab Salamzade, Baku, Azerbaijan

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