SCIAN 53—Real estate and rental services for movable and intangible assets

Where 53 sits

1. 53 Real estate and rental services for movable and intangible assets

Contains 3 narrower codes

• 531 Real estate services
• 532 Furniture rental services
• 533 Trademark, patent, and franchise rental services

Description

This sector comprises three subsectors, which group economic units primarily engaged in real estate services, the rental of movable goods, and the rental of intangible assets. Economic units classified in the first subsector are engaged in activities such as the rental of homes, offices and commercial premises, theaters and other buildings, as well as the rental of land and services related to real estate. Real estate is characterized by having a fixed physical location and being rented for relatively long periods. Economic units classified in the Movable Goods Rental Services subsector are engaged in activities such as the rental of cars, trucks and other land transport; household and personal goods; and agricultural, fishing, industrial, commercial, and service machinery and equipment. In the Trademark, Patent, and Franchise Rental Services subsector, which consists of a single branch, a sub-branch, and a class of activity, the rented assets are intangible (such as trade names and images, industrial designs, procedures, and methods of operation), and their use by third parties is subject to payment. The rental periods for intangible assets can vary, although they are generally long. Economic entities that rent these assets are characterized by their oversight of the asset's use during the rental period, a production process not present in the same way in other subsectors. This oversight protects the intangible asset; for example, in the case of a franchise, a lack of adherence to rules and procedures damages the image of the rented asset and, therefore, its value.

What 53 includes

• Establishments primarily engaged in the rental of mobile homes to be occupied as dwellings; to the intermediation of real estate transactions related to real estate located in tourist developments of the tourist housing, timeshare and other types; to providing consulting or promotion services for real estate located in tourist developments of the tourist housing, timeshare and other types; to the rental of transport equipment without driver or operator and of agricultural, fishing and industrial machinery and equipment without operator, and commercial and service machinery and equipment in combination with financial leasing; to the rental of recreational and sports equipment and vehicles (motorcycles, bicycles, yachts, canoes, boats, gliders, golf carts, diving equipment, skiing equipment and equipment of gotcha); of wood for formwork and platforms, and of general purpose machinery and equipment (valves, pumps, fire extinguishers, sprinklers and boilers).

Cross-references for 53

• Establishments primarily engaged in the rental of machinery and equipment for agricultural, livestock and forestry use with operator (11, Agriculture, animal husbandry and exploitation, forestry, fishing and hunting); of machinery and equipment for mining with operator (21, Mining); to the operational construction of buildings (construction of buildings on own account and on own land to then be sold); to the rental of machinery and equipment for construction with operator (23, Construction); of automobiles, cargo trucks, buses and minibuses with driver, and of aircraft, ships and railway cars with operator; to tourist transport in various means, and storage services (48-49, Transport, mail and storage); to the financial leasing of automobiles, cargo trucks, buses, minibuses and trailers, and of agricultural, fishing, industrial, commercial and service machinery and equipment, and machinery and equipment for moving, lifting and arranging materials (52, Financial and insurance services); to the inspection of buildings; to the valuation of jewelry, antiques, works of art, and other movable property (54, Professional, Scientific, and Technical Services); to providing a variety of administrative services for the day-to-day management of businesses; to timeshare exchange services; to providing access to computers for internet use and the rental of portable toilets (56, Business Support Services and Waste Management and Remediation Services); to the production, presentation, and promotion of shows in combination with the rental of facilities; to providing water skiing and parasailing services; racetracks, motor tracks, and greyhound tracks (71, Cultural and Sports Entertainment Services and Other Recreational Services); to providing temporary accommodation through timeshare arrangements; to temporary accommodation in boarding houses and guesthouses, and in furnished apartments and houses with hotel services; campgrounds that receive RVs(trailer parks);Establishments primarily engaged in the preparation of food and beverages for special occasions in combination with the rental of party halls (72, Temporary accommodation and food and beverage preparation services); to laundry services in combination with the rental of uniforms, linens and diapers; to the administration of cemeteries; condominium associations (81, Other services except government activities), and economic units that operate under a franchise and are classified according to their main activity.

53 in other systems