To Lease Or Not To Lease Commercial Office Space By Tony Seruga, Yolanda Seruga And Yolanda Bishop At Isnare.com Ezine Articles

Leasing office space can be very valuable to those who are interested in investing, building, or developing commercial real estate. Many people want to lease their commercial office space instead of actually having to purchase it themselves, and it is definitely not hard to see why. There are many benefits for both the lessee and the person leasing out the property when it comes to leasing commercial office space. It is important that you as investors understand how beneficial leasing office space can be to people, which makes it a great investment for you, since people are jumping to lease their commercial office space. The following are a few of the advantages that come with leasing business properties instead of buying them.

Advantage #1 – Flexibility – One of the great benefits of leasing your business property is that it provides you with a great deal of flexibility. Whenever your lease is over you can easily relocate if you need to and if you find a better deal elsewhere.

Advantage #2 – Few Responsibilities to Keep Track Of – Being able to lease your commercial office space also gives you the advantage of having few responsibilities to keep track of. The landlord or the property manager is going to be responsible for any maintenance, the security, remodeling, and they will also have to foot the bill for these things as well.

Advantage #3 – You Can Deduct Your Payments – As long as you have a true lease, then you can deduct the payments on your lease and count them on your taxes as expenses for operating your business.

Advantage #4 – No Mortgage to Worry About – When you lease your commercial office space, you will not have a mortgage to worry about. You will not have to worry about having that mortgage hanging over your head, which is very helpful, especially for business owners that are just getting started.

Advantage #5 – You’ll Get Tax Credits – You will also find that you will get tax credits when you lease your business space as well. While most of the tax credits will go to the lessor, you may benefit from this as well, since some of those benefits may make your lease payments smaller.

Advantage #6 – Rates May Be Negotiable – If you happen to be leasing in an area where there are a variety of real estate properties that are for lease, you may be able to get a great deal. You’ll have the bargaining power on your side so you can get a low price on the amount of your lease.

Advantage #7 – Less Paperwork at Tax Time – No one enjoys having a huge amount of paperwork to do at tax time, and leasing your commercial office space can help you cut down on all the paperwork you have to fill out around tax time each year. Since you are leasing your office space, you will find that your tax return will be fairly simple; however, if you own the property you will have a variety of complicated forms to get filled out around tax time.

Advantage #8 – No Down Payment to Worry About – One of the best things about going with a commercial office space lease is that you will have no down payment to worry about. If you had to purchase a building for your business, more than likely you would have to pay 20-25% down on the price of the building, and then you would have to keep making mortgage payments too. This can definitely cost a lot of cash up front; however, with a lease, you’ll only have to pay one to two months amount of the lease before you can move in. This amount is definitely much smaller than having to pay a down payment on your own building.

As you can see, there are many great advantages to leasing over buying your own commercial office space. Since so many business owners prefer to lease their space, this is a great way for investors and others involved in commercial real estate to make money. Now that you understand how attractive leasing property is to business owners, you may want to consider getting involved in this aspect of commercial real estate.

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