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 between yourself and the owner of the building. 

Process/Skill Questions:

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