Business people often opt to lease rather than purchase business premises. It allows them to move or wind up their business without much struggle. The excerpt below discusses how you should examine a commercial lease.
Lease Period and Renewal
The landlord will determine how long they wish to lease the building. However, you may opt to negotiate the lease period depending on the type of business you intend to operate. For example, a commercial bank may want a longer lease compared to an electronics shop.
