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A quick list of the biggest Leasing advantages.
… JSEK Properties vision is to set the standard in property management by being the commercial real estate company of choice by providing excellent service & care to our clients.
Access to more liquidity
Since there is no down payment required to move into the place, you are tying up a lot less cash. On the other hand, you should budget for upfront costs like a security deposit, lawyer, and broker.
Tax breaks for property expenses
The following expenses can be written off as incurred: utilities, maintenance, property taxes, insurance coverage, and lease payments, depending on the terms of the lease. As opposed to the interest-only deduction associated with a mortgage, you can deduct your whole lease payment.
Fixed monthly cost
While leasing, you usually won’t be responsible for paying for any major upkeep, repairs, or maintenance of the property, however you could be asked to cover little fixes. Rather, you won’t have to worry about unforeseen, high repair bills because you’ll know precisely how much you need to spend each month.
More flexibility
Qualifying for a lease is often easier than qualifying for a commercial real estate loan, and you’ll have more options when choosing a space. It is also possible to move without selling the property even after the rental contract has expired. If you can afford to lease a property that is too expensive to buy, we can help you achieve a prime or strategic location.
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