How important is the commercial lease when buying a business?

If the business operates from leased space, the lease may become one of the most important documents in the transaction. Buyers should understand the remaining lease term, renewal options, rent increases, maintenance responsibilities, assignment provisions, and any landlord approval requirements.

A profitable business can still face challenges if the lease does not support its long-term success.

Understanding occupancy costs is an important part of evaluating the overall opportunity.