When buying a home, many people do not realize they will be responsible for the downpayment on a home AND for closing cost. Closing cost consist of several fees associated with the the purchase of a home that can range from 2-7% of the price of a home.
As your business grows, you may start investigating moving your business from your home to a commercial space and with that comes the commercial lease. For many people this is a new experience and it differs significantly from renting a residential space, as a result, many first time commercial renters sign bad leases. In an effort to clear up the confusion, this article should help you make the right decisions. As always, please consult with a lawyer and/or your Realtor before signing any leases.