Lease or Buy? Your Business Property Decision In Adelaide Lease or Buy- Your Business Property Decision In A
Lease or Buy? Your Business Property
Decision In Adelaide
By Bension Siebert
(Property Expert)
Abstract
A common question among small business owners is whether to buy or lease
commercial property. The most important thing they want to know about are
the costs. To help, we ran an analysis on a real commercial property for sale and
created a detailed example of the costs and benefits of buying vs. leasing
commercial real estate.
I.
Introduction
Where you locate your business will depend largely on your stage of operation,
type of activity, legal requirements, available finances, and where your
customers or suppliers are.
While you may have chosen a certain location when you started your business,
your needs may change as your business changes or diversifies. You may have
started from a home-based or rented office, but now find yourself employing
people or needing space for different activities.
Factors to consider when you are choosing a site include:
The suitability of the premises (for example it's size, location and fitout)
If you are leasing, the conditions of the lease (for example the term of the
lease, rent, expenses and what maintenance will be needed)
If you require space for stock, high level servers or machinery or specific
physical security measures.