First Message on Legal Risks posed by Owning/Leasing Real and/or Personal Property Discussion question Legal risks posed by owning/leasing real and/or personal property 3. Consider the legal risks that ownership/lease of real and/or personal property pose for a business. Also consider the potential legal risk(s) that a business may face if it leases real property from which to operate its business. a. Identify three legal risks that a business faces as a result of: (i) owning and/or leasing personal property; (ii) owning real property; and/or (iii) leasing real property. b. Explain how such risks can be mitigated, eliminated and/or managed.
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