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Is leasing a commercial property a viable option?

On Behalf of | Aug 14, 2022 | Comprehensive Business Law

One of the most pressing topics entrepreneurs might face may involve choosing a location for their company, regardless of whether they are seeking to move or opening a new endeavor. In some cases, business owners in New York might have questions about whether it is best to purchase a property or if leasing a location could prove a viable option. Seeking advice on some vital factors to consider regarding the process of leasing commercial property may prove integral to choosing the path that best aligns with the needs and interests of the business. 

Business owners who are weighing the possibility of leasing commercial property might benefit from addressing a variety of factors, such as: 

  • To buy or lease:  Both buying and leasing may each come with their own potential pros and cons and evaluating these factors may be vital to choosing the best path forward. 
  • Lot availability:  The location of a company could have a significant influence on its success and sometimes leasing a property might be the best way to choose a location that aligns with one’s business goals. 
  • Cost and accessibility:  Evaluating the costs associated with leasing and addressing topics such as lot accessibility could also prove integral to determining if leasing is a viable path. 
  • Zoning laws:  Zoning laws can also affect the approved use of a property and ensuring that one will be able to conduct the type of business intended before leasing a property may prove imperative. 

Understanding the various types of commercial leases and the pros and cons of each in turn could also prove integral to evaluating one’s options and making informed choices. 

Even if a business owner feels that leasing a commercial property is the best path, knowing how to protect one’s interests in the process could still prove intimidating in nature. Fortunately, there are attorneys who can evaluate a person’s wishes and concerns and provide much needed insight in evaluating all his or her available options. An attorney can help a client understand every vital factor to address and assist him or her in navigating every step of the commercial leasing process. 


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