Advantages of Leasing a Commercial Property
If you’re planning to put up your own business, one of the hardest decisions you would have to make is choosing between buying or leasing a commercial property. Of course, if you don’t have enough funds to buy a building, then you should start looking for a commercial space for rent. But, even if you do have sufficient capital, leasing might still be your best option. Here’s why:
One of the reasons why most new business owners choose to lease a commercial property is its flexibility. When the lease expires, you can either renew or terminate the contract depending on your situation. If your company is growing and you think you need a bigger space, you can choose to relocate to a new office that better suits your business needs.
Minimal Liability and Responsibility
Depending on your contract or lease agreement and the type of business you have, you may not be responsible for any maintenance, remodeling, security, and other management issues. The property owner or landlord will take care of those for you. All you have to think about is your interior space and how to accomplish your business goals. But, if you own the building and you have tenants, you may be liable for damages when accidents or other unfortunate events occur.
No Down Payment
Putting up a new business is already expensive, so why spend more money on down payments? When you buy a commercial property, you usually have to pay 20 or 25 percent of the price as a down payment and mortgage the balance. But when you choose to lease, you would only have to worry about the security deposit and payment of the initial rent. This could truly be a blessing if you don’t have enough funds.
Lease a Commercial Property Now!
If you are looking for a commercial space for rent in Omaha, NE, feel free to reach out to Rockbrook Village. We have properties that are suitable for almost any type of businesses. Our tenants are already enjoying very convenient locations that boast high-traffic counts.
If you have questions, don’t hesitate to contact us now! One of our friendly staff members will be more than happy to answer any inquiries you have and assist you.
It’s great that you talked about how the property owner or landlord would take care of everything for you when it comes to commercial real estate rental. I was at a online business forum last night and one of the people there asked if they should buy or just rent a commercial space. There are quite a lot of responsibilities involved if you buy a commercial space so I think it would be best to rent instead, especially if you’re just starting out.