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Sometimes I see closed businesses for "lease" and not for "sale". If there a difference between the two?

Sometimes I see closed businesses for "lease" and not for "sale". If there a difference between the two?

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The BAF Group LLC
MD

What your in all probability seeing is a business SITE that is closed, and the Landlord or Seller is offering the storefront or space for Lease. I don't know of anyone that is "leasing" a business, particularly if the business is closed. You will regularly see Restaurant spaces for lease. When a business like that fails and Owner does not fulfill his/her own lease obligation, the Landlord can legally take over all of the furniture and equipment. The Landlord can then turn around and offer the fully furnished and equipped space to another Restaurateur, as is.

Aug 27, 2014

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