Explain the procedure for obtaining a lease or purchasing a building.

Explanation should include

getting professional advice
having knowledge of how to acquire the necessary loans, insurance, permits, and licenses
having a written agreement with the owner of the building.

Process/Skill Questions:

How can a business owner obtain the necessary financing to lease or purchase a location?
Who should be consulted before the purchase or lease of a building?
What are the advantages and disadvantages of purchasing a building?
What are the advantages and disadvantages of leasing a building?