To be or not to be…An owner or a Tenant???

Tenants often wonder if it would be better to own their building or to lease. The benefits of ownership are many including appreciation, depreciation (tax benefits), principal reduction, equity growth and the opportunity to control your own destiny. However, as a tenant your only commitment is the lease you have signed. The benefits of being a tenant include flexibility in expansion and contraction as your business requires without the burden of debt and owner responsibilities. Also, with today's available low interest rate commercial financing, depending on the real estate market you are located in, it could be less expensive on a monthly basis to own than to lease. Every business should consider these options and determine what suits your interests best. Contact Tony Wood at KW Commercial Real Estate Services today for your Own vs Lease Analysis.