Comparing the benefits of leasing real estate and office space, versus buying from a cash standpoint is an important step.
When looking at your future needs, long term space requirements and expansion possibilities are important considerations. Leasing real estate can offer financial flexibility and often empowers municipalities to stretch their budgetary dollars further.
Monetary benefits of leasing real estate:
- Large capital expense saved
by leasing instead of buying, capital funds can be used for other needs, and can greatly increase financial flexibility.
- Credit rating not quite as critical
for leasing as it would be for buying.
- Payment is tax deductible
as a business expense.
Other benefits of leasing real estate:
-
Freedom to sublet and move
to another location if necessary.
- No hassle of selling before you can move to another location.
- No loss from owning a building in a bad real estate market.
- No assignment of personnel to oversee property issues that the owner should oversee.
