Re: simple question regarding how to view a lease as a debt
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on one hand its a debt, since i am legally obliged to make payments otoh it doesn't 'feel' right to count it as a debt.
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This may help. look at it like an office space. Wouldn't you consider that a debt with no asset value? If you went out of business you could still sleep in but that doesn't mean you still don't owe the money. Most leases won't allow you to sublease either so no legal way to recover your value. You can "sell/transfer" a lease to another qualified lessee with approval and then your net worth increases by the amount of debt you released.
Jimbo
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