Asked by
Shaquana Williams
on Nov 09, 2024
Verified
A disadvantage of a lease agreement is that it may prevent a business owners from altering a building to fit the business's needs.
Lease Agreement
A contract between a lessor and a lessee that outlines the terms and conditions for renting property or equipment.
Business Owners
Individuals or entities that possess and operate a commercial enterprise, assuming the risks and rewards associated with the business.
Altering
The process of making changes or modifications, often referred to in the context of adjusting or tailoring clothes, but can also apply broadly to adjustments in plans or designs.
- Acquire knowledge on the business implications of leasing versus owning operational spaces from both operational and financial perspectives.
Verified Answer
PS
Learning Objectives
- Acquire knowledge on the business implications of leasing versus owning operational spaces from both operational and financial perspectives.