Why you should lease commercial space for your business

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Why you should lease commercial space for your
business
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• If youve just launched a business or are ready
  to move your business out of your home office or
  garage, you will have to decide whether you want
  to buy or lease commercial real estate for your
  office space.
• When you lease a commercial space for your
  business, you are renting it from its owner.
  Leases are available for a set term, at which
  point you can renegotiate if you wish to continue
  operating your business from that location.
• Here are a few reasons why leasing commercial
  space would be a good choice for your business

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• More flexibility
• When you buy commercial real estate, you have to
  make a significant down payment, usually between
  10 percent to 40 percent of the propertys value.
  You are also responsible for the closing costs
  and appraisal fees. Renting gives you more
  flexibility because you dont have to tie up as
  much cash as you would if you were buying.

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• No major repairs or upkeep
• Significant maintenance problems and upkeep will
  be the responsibility of the property owner. So
  if the furnace needs replaced or the roof is
  leaking, you wont be footing the bill.
• Fixed expense
• Your rent will be the same each month so you can
  plan your budget accordingly. You also wont need
  to worry about the incidental expenses that come
  up when you are the property owner.

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• Tax breaks
• As a renter, you can deduct your whole lease
  payment, property insurance, property taxes,
  maintenance and ongoing costs such as utilities
  from your taxes.
• Expanded location opportunities
• By renting, you can have access to prime,
  sought-after commercial real estate locations
  that may not be available for purchase. Its
  usually easier to qualify for a lease than a
  commercial real estate loan, so you have more
  options of operating your business out of a
  highly desired office location.

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• Flexibility
• When your lease is up, you will have the option
  to renew if youd like to rent the commercial
  property for another term. This gives you the
  flexibility to change locations if you need or
  want to. You are not locked into a mortgage,
  committing you to a specific location and leaving
  you vulnerable to real estate market fluctuations.

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• At Camden Management, Inc. we are committed to
  the success of our clients and we know that
  happens when you have a practical, functional
  space to work out of that promotes productivity
  and teamwork.
• Contact our team today to learn more about why
  leasing is such a great option!

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