Day: October 30, 2020

Bunnell Hill Construction Named Best Commercial Construction Company in Ohio

Bunnell Hill Construction Named Best Commercial Construction Company in Ohio

In this, our inaugural Best in Ohio Business Awards, we wanted to honor the many businesses and services that make Ohio such a great place to do business. From architectural firms and chambers of commerce to meeting and event centers and dinner locations, we cover it all in this feature. Thousands of people voted in […]

Things to Consider When Looking for Land to Lease

Why might it make sense to look for acreage to rent for a commercial development, rather than buying it? Any number of reasons. The ideal piece of land for your business plans may not be for sale, but you may be able to obtain use of it through a lease agreement. Leasing a given plot of land will usually require less of an initial outlay of money than buying it, which means more of your investment funds can go toward construction and business development. A common way to structure a deal to rent land for development is for the tenant to sign a long-term lease for the land, and build a facility, which they then own, on the leased site. When the lease term is over, ownership of the building can pass to the landowner or stay with the tenant, depending on the lease terms.

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