Okay so say you owned a retail business or whatever and you are leasing your current and only location. Now if you wanted to expand and open another location, could you lease that building as well? Is this a common thing that business owners do?
Okay so say you owned a retail business or whatever and you are leasing your current and only location. Now if you wanted to expand and open another location, could you lease that building as well? Is this a common thing that business owners do?
I own the building my businesses are in. When I look to purchase new businesses, I 99% of the time, look to purchase the building too. Certain businesses have pros and cons for own vs leasing but on a whole I prefer to own.
"You leased the damn thing!!! If you had of brought it, at least in a pinch we could sell it!!"
Thats a quote which has stuck with me form my favourite TV program entourage
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Leasing is always the safer option when it comes to debt liability.
You can absolutely lease multiple buildings- assuming you can afford to fulfill the obligations of the lease agreements.
You can definitely lease multiple buildings. In this market it's not uncommon for landlords to even give a few months rent free or make substantial concessions to the tenant.
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