Professional real estate leasing
Professional real estate leasing finances acquisition of professional premises (offices, warehouses, shops, clinics) for companies wishing to control real estate cost without weighing down balance sheet.
Key characteristics
Duration
120-240 mois
Average rate
5.2%
For whom
Professionals
How it works
Leasing company buys property and rents to company for 10-20 years. At maturity, company can acquire property at agreed residual price (often 1-5% of initial price). Long duration and high amounts (>1M MAD).
Comparison vs classic credit
Vs classic professional mortgage: 100% financing possible (vs 30% down payment in credit). Lighter balance sheet (property not in assets, rents in charges). More flexible for growing companies preferring to invest in activity.
2026 taxation
Rents 100% deductible throughout duration (vs 30-year amortization in direct purchase). Recovery of real estate VAT on rents. At maturity, property enters fixed assets at residual value.
Numeric example
SME buys premises in Casablanca 5M MAD. Leasing 15 years, rent 45,000 MAD/month excl. tax (540K/year), VR 50K MAD. Total cost 8.15M MAD vs 8M in credit + 1.5M down payment (immobilized). Lighter balance sheet.
Advantages
- 100% financing, no down payment
- Lighter balance sheet (property off-balance)
- 100% deductible rents
- Flexibility at maturity (purchase, exit, renewal)
Disadvantages
- Rate slightly higher than classic credit
- No ownership before option exercise (risk losing premises if default)
- Total cost often higher than credit
- Long-term commitment (10-20 years)
Recommended providers
Maghrebail
Wafa Leasing
BMCI Leasing
Attijariwafa Bank
When to choose this product?
Ideal for growing companies wanting to preserve productive investment capacity. Relevant for SMEs that otherwise would not have initial 30% down payment.
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