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Rent, lease, or purchase?

When searching for a suitable restaurant property, you can choose between purchase, rental, or lease options. If you only want to use the restaurant property temporarily, you need to decide whether to sign a rental or lease agreement. The difference is that a lease agreement also grants you the right to use the property and its benefits. A rental agreement, on the other hand, only covers the catering property itself.

Leasing

If, for example, inventory suitable for restaurant operations (e.g., a kitchen, refrigerators, or cooking utensils) is also taken over with the business premises, a lease agreement is usually concluded. These furnishings are also made available to the user for use. The difference is that a lease agreement also allows for the enjoyment of benefits and covers not only property but also rights and a set of rights. However, this requires that these furnishings have a genuine utility value and allow for the enjoyment of benefits. While the rental agreement only covers the restaurant property, the lease agreement also covers rights. If, for example, the business premises also include inventory that is suitable for restaurant operations—such as a kitchen, Refrigerators, or cooking utensils, and these items may be used for the preparation of food and beverages, a lease agreement is usually concluded. If, on the other hand, only shelves and a shop counter are provided, the focus is on elements of a rental agreement.

Rent

If, on the other hand, only shelves and a shop counter are provided, the focus is on elements of a rental agreement. A rental agreement can only be concluded for property (real estate, rooms). If empty rooms are used, the focus is on granting the right of use. This constitutes a rental agreement. Therefore, a rental agreement only covers the restaurant property and its premises, as well as any outdoor areas. Only shelves and a shop counter are usually provided by the previous tenant. Renting a restaurant property gives you entrepreneurial flexibility in constantly changing urban neighborhoods.

Purchase

If you have a long-term vision for your business concept or already have a long-established restaurant, purchasing commercial premises to operate a restaurant may also be worthwhile.

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