Lease Option – The Time is NOW

Are we at or near the bottom of market prices on commercial property?

As a small business owner, if you’ve ever considered owning commercial property then the answer to this question is key to what’s next for you. But in this economy who has the down payment to take this kind of a step? Enter the Commercial Lease Option.

A Lease Option put simply is a commercial lease that includes an option to purchase the property at the end of term, for an additional fee. The term is negotiable, the seller will typically prefer a shorter term, say three years, but we have seen terms as long as five years. And here are the keys for you as the holder of the option:

  1. You can lock in a future purchase at today’s prices and,
  2. You gain control of property without direct ownership for the term of the Lease Option.

Not every seller will be open to the idea of a Lease Option, but in the current market environment there are many for whom this can provide an attractive solution. For the seller the Lease Option provides a stable tenant and a property buyer in one transaction. Additionally the seller receives the additional income of the purchase option payment for the term of the lease.

The Lease Option can be applied to almost any type of commercial purchase. If you simply want to own your own space then a small commercial building, or commercial condominium might be the right choice. If you are looking to generate additional income then a property with multiple tenants might be the way to go.

In any case a Lease Option is a great tool for taking that first step to building additional wealth in your business. As with any lease transaction, we always recommend you have your own commercial agent on your team. It costs you nothing as the leaser/buyer, and can make all the difference in what is inherently a complex transaction.

If we can ever answer any questions, or be of service to you please drop us a line at info@axiomre.com.

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