The Complete Checklist to Buying Commercial Property for Your Business

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Editor’s note: Lantern by SoFi seeks to provide content that is objective, independent and accurate. Writers are separate from our business operation and do not receive direct compensation from advertisers or partners. Read more about our Editorial Guidelines and How We Make Money.
What Are the Benefits to Buying Property for Your Business?
Owning vs Leasing
What to Look For When Buying Commercial Property
Location
Property Condition
Zoning and Building Codes
Future Plans
Question to Ask When Buying Commercial Property
Why is the commercial property being sold? Is the title clear (with no encumbrances against the property)? Does the zoning code allow for your proposed use? Are there any environmental concerns? Is there insurable access to the property? Are there any major issues with the building? Are there tenants? Is there a detailed record of operating expenses and other financial records pertaining to the property?
Who Should Be Involved in the Buying Process
How to Finance Your Commercial Property
About the Author
Lauren Ward is a personal finance expert with nearly a decade of experience writing online content. Her work has appeared on websites such as MSN, Time, and Bankrate. Lauren writes on a variety of personal finance topics for SoFi, including credit and banking.
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