A lease is an agreement between the lessor (the owner of the mobile office that is being leased) and the lessee (the person or company to whom the lease is given), giving the lessee exclusive possession of the mobile office trailer for a fixed period of time in exchange for money (which is most often paid monthly). Some mobile office vendors offer a lease-to-purchase option that discounts the purchasing price of the mobile office trailer at the end of the lease.
Unlike leasing a mobile office, a mobile office rental is usually flexible. There is often no monetary penalty (or a very small one) for turning over the rented mobile office unit early. This allows for all sorts of unanticipated delays or changes in schedule. Also, unlike leasing, there is usually no option to buy the mobile office at the end of the rental period.
There are several things particular to your situation that might make it better for you to rent a mobile office instead of lease one. It may be better for you to rent a mobile office if you want :
If you are unsure exactly how long you will need your mobile office, or anticipate your needs changing with things such as construction progress, enrollment or an increase or decrease in staff size, perhaps you would like the flexibility of renting. A Mobile Office Rental can be a cost-effective way to get temporary, portable office space.
It is important to look at your business plan and forecast. It would be a mistake to rent somewhere that is going to be suitable for your business for 6 months you need to look to the future and rent somewhere that will be right if you expecting your company to grow significantly. You could look and see if there are other areas of the building that you could extend in to if this was the case.
Tax deductions. While leasing a mobile office is sometimes tax-deductible, depending on its structure, a rental is most often tax-deductible, which can mean more money for other aspects of your business!
Now that you know the differences between rental and leasing, you know what is the best for your business and for your. You have no more options
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