FREQUENTLY ASKED QUESTIONS
— How can ProGenius LLC help you?
— ProGenius LLC offers commercial real estate leasing services, including office space, showrooms, and retail space. To get started, contact our team to discuss your real estate needs and options. We'll provide professional consultations, answer all your questions, and help you make informed decisions about your commercial real estate lease.
— What solutions does ProGenius LLC offer?
— ProGenius LLC specializes in simplifying the leasing process and managing all aspects of commercial real estate for businesses. Our comprehensive services include real estate leasing, tenant representation, lease negotiations, and property management. We strive to provide customized real estate solutions that ensure a seamless and successful leasing experience for your business.
— Why should you choose ProGenius LLC to solve your commercial real estate needs?
— At ProGenius LLC, we prioritize customer satisfaction, transparency, and commercial real estate expertise. Our team of experienced agents strives to provide exceptional service, guiding you through every step of the leasing process with integrity and professionalism.
Frequently asked questions from tenants
— How is the repair period determined?
The duration of the renovation is agreed upon between the tenant and the property owner, and during this period months may be granted rent-free.
— Who is responsible for utilities and additional expenses?
The tenant is responsible for paying for electricity, water, gas, internet and other utilities.
— What is the standard rental period?
Lease terms vary by mutual agreement, but typically range from 1 to 5 years.
— Is a bank guarantee or collateral required?
In most cases, a deposit equal to 1-3 months' rent is required, which is refunded according to the terms of the contract.
— Who is responsible for repairs and installation?
Typically, the tenant will pay for the repairs themselves, but other options for financial support can be discussed.
— How is tax applied to rental payments?
For property leased by a legal entity
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There is no withholding tax (ÖMV).
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If a legal entity is a VAT payer, VAT at the rate of 18% is added to the rent.
For real estate rented by an individual
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VAT is not applied because this income is considered not related to business activities.
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In this case, 14% income tax is withheld from the rent.
— What legal support does the management company provide?
The property management company provides assistance with lease preparation, legal support, tax issues, utility management, and tenant protection.
— How are the tenant’s interests protected?
The tenant's interests are protected by a detailed lease agreement concluded between the parties. The agreement clearly defines maintenance obligations, payment terms, early termination policies, and other important matters, and outlines the rights and obligations of both parties.
— Is it possible to terminate the lease agreement early?
Early termination of the contract is possible, but a prior notice period (usually 2 to 6 months) is required, as specified in the lease agreement.
— Does the rental property have all the necessary legal documents?
All real estate properties are provided with reliable and legally verified documents, guaranteeing the security of transactions.