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Apr 14, 2021 · If you run a small business, you might be wondering whether you should lease or own your property. As a partner and executive vice president at a commercial real estate brokerage, one of the most ...
- Anthony Behar
- Can I Charge A Security Deposit?
- Who Is Responsible For Repairs and Maintenance?
- What Are The Common Payment Structures?
Ohio allows landlords to collect an unlimited security deposit for both commercial and residential real estate transactions. However, if you require a deposit of more than one month’s rent or $50, you must pay the tenant at least 5% interest every year.
Generally, landlords can structure an Ohio commercial property lease to shift responsibility for maintenance and upkeep of the property to tenants. However, if you expect your tenant to make a major investment such as replacing the roof or the HVAC system, you must specify these provisions directly in the lease.
Ohio recognizes three main types of commercial leases. With a gross lease, your tenant has responsibility for only the base rent. As the landlord or property manager, you take care of management fees and expenses. This is similar to the arrangement for a residential lease. A triple net lease requires your tenants to pay the base rent and all the pr...
Benefits of Buying Commercial Real Estate. The decision to buy or lease commercial real estate is a significant one. It involves understanding the potential advantages and drawbacks of both options. Below, we delve into the benefits of buying commercial real estate, as well as a comparative analysis with leasing. Building Equity Over Time
Apr 24, 2018 · Here are some of the benefits of leasing a space versus purchasing a property: 1. No Down Payment. When purchasing a property with a traditional loan, you must put down a large payment, typically 10 to 40 percent of the total value. When leasing a property, you generally only have to put down a security deposit, typically a much smaller total ...
Nov 7, 2022 · Here are four important advantages of leasing commercial real estate instead of buying it: Liquidity. When you lease commercial real estate, there’s no need to save for a down payment. That means you’ll keep more cash on hand than you would if you purchased property for commercial use. Maintenance.
May 16, 2023 · A question our team gets asked on a regular basis from clients of all sizes is “should I buy or lease our commercial property?” As with most questions, the best answer is, “it depends.” There are pros and cons to both, and the right decision for your business must be analyzed on a case by case basis.
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Oct 6, 2023 · In conclusion, deciding to buy or lease commercial property is a crucial investment decision. When choosing between the two options, you must consider your level of investment in real estate, liquidity, timeline and qualifications, market conditions and projections, and the impact on your financial statements.
