The importance of choosing the right lease term

When it comes to leasing a commercial property, it is easy to believe that the hardest part is finding the right premises. However, there are many important factors to consider once you are ready to enter into a lease agreement. Chief among these is securing the right lease term. The decision to pick a long term lease versus a short term lease is important as it can impact business operations and financial stability as well as your growth plans for your business. Find out more about the pros and cons of leasing long term or short term.

What are long term and short term leases?

At the outset, it is important to understand the difference between the duration of a long term and a short term lease. Generally, a short term lease is a term of less than three years, while a long term lease ...