Tenants - lease or buy

Flexibility: Buying your property will add to the general responsibility of your business and overall stress. At the end of a lease however, you can walk away with no further obligation. If you have to move whilst a lease is still running, you may have problems. You will have to continue to pay the rent - or find someone else to take over the lease from you. If the ""someone else"" you find fails to keep up payments, then you might find your old landlord knocking on your door instead. Finding a new tenant may be inconvenient. You may find there is a deficiency between the rent you were paying, and the new rent someone will pay to take you out.

Simply, keep your business property lease as short as you can, or buy a property you are sure will increase in value.

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