Found 2 blog entries tagged as commercial space.


If you’re a small or medium size business owner, you’ve probably asked yourself more than once whether it makes more sense to buy than lease. The answer is, it depends.

To help you decide what course of action is best for your company, consider the following:

Benefits of Buying

As a business, when you buy a property, there are several financial benefits:

  • Monthly costs remain relatively steady since your mortgage payments are fixed
  • Mortgage interest payments are tax deductible
  • Like other capital expenses, you can ease your tax burden by depreciating the building
  • You may be able to free up working capital if buying results in lower overall monthly costs
  • If you have surplus space, you can use the additional rent revenue…

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If you’re starting a business and need commercial space or if you’ve outgrown the space you are in, then it’s critical that you consider several factors before you sign your lease.

Key Lease Clauses

First of all, give careful thought to how long you think the new premises will meet your business needs. You don’t want to be saddled with a lease that’s too long if you think you’ll need more space in a few years. For the same token, you don’t want a lease that is too short because once it has expired, the landlord is under no obligation to renew it. Pay careful attention as well to any clauses relating to extending or renewing the lease beyond the initial term.

Also look for a lease that allows you to sublease or assign…

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