Renting the commercial properties is a great way to prevent the personal expenses of construction, buying the raw property lands, and even sufficing for the delays in both construction and other jobs. But, for the first time, if you want to rent your own personal office space, you do need to acknowledge certain clauses. These clauses are extremely necessary for deciding your rents and also the renting party.
So, let’s give you the scenario of how you could choose your first office leasing without leaving any occasion of regretting later.
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Contents
- 1. A CENTRAL LOCATION WILL BE PERFECT
- 2. PUT LIMITS ON YOUR BUDGET
- 3. DO CONSIDER THE SECURITY OPTIONS
- 4. KNOW YOUR REPAIRMEN
- 5. CHOOSE SPACIOUS ROOMS
- 6. DECIDE THE WORK ENVIRONMENT YOU NEED
- 7. GET TO KNOW THE PARKING AREA
- 8. LOOK FOR THE ADDITIONAL OFFICE FEATURES
- 9. STUDY THE OFFICE LEASING CLAUSES PROPERLY
- 10. CONSIDER THE PENALTIES FOR VIOLATING THE LEASE CLAUSES
- Should you sign a conventional office lease or get an office in a shared workspace?
1. A CENTRAL LOCATION WILL BE PERFECT
When you will look for office buildings on rent, make sure that the surroundings are perfect for opening an office environment. This means that choose a centralized office location, with food stalls and restaurants near about the location. Also, do consider the choices of your employees like whether they want the office to be in the busy part of the city or in the secluded part of the town.
2. PUT LIMITS ON YOUR BUDGET
Don’t choose any property on random. With location and facilities, the price of the commercial properties changes. Some commercial property will have a dull life but the price will be quite high owing to the location and the facility. Again, if you are looking for office space in a secluded building or within a residential space, then you will have a lowered cost. And always remember, your total expenses will consist of the property price added with multiple surcharges. For information on Business incubators, visit Offices.net. A business incubator is a company that helps new and startup companies to develop by providing services such as management training or office space.
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3. DO CONSIDER THE SECURITY OPTIONS
Do you want to install your own security system within your office space or do you want to utilize the security technologies available in the building itself? Before buying the property, do consider this fact because the security is very much crucial for the commercial sector. Installing your own security system will cost you a lot but you can customize your options. On the other hand, if you want to utilize the security systems of the building, you need to pay less but you won’t have multiple options.
4. KNOW YOUR REPAIRMEN
Regardless of the involvement of the broker in the transaction deal, ask your landlord about the repairing services attached to the office space. The information will save you an unnecessary headache of finding another repairing service at the time of need.
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5. CHOOSE SPACIOUS ROOMS
Walk and carefully take down a note of the number of rooms present in the office building, the size of the rooms, the hallways, the cafe, and so on. A proper work environment is established only when your office space will be spacious enough to handle the stress of the employees. A congested space will demean the quality of your office, thus making it difficult for your business to flourish.
6. DECIDE THE WORK ENVIRONMENT YOU NEED
After choosing the property you want on rent, decide the type of the work environment you want for yourself. This includes the types of room you want, the color of the rooms if you are buying an under-construction land, the lighting and other electrical appliances, and so on.
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7. GET TO KNOW THE PARKING AREA
Check the parking area before signing the office leasing papers. Sometimes, a humongous office space lacks a proper parking lot and sometimes even a small office space is associated with a wonderful parking space. So, don’t forget to check on the parking.
8. LOOK FOR THE ADDITIONAL OFFICE FEATURES
If you want some additional office features like inbuilt kitchen, cafe, conference rooms, penthouses, and other features, then check the properties accordingly. You need to mention these features on the lease contract since the price of the property will vary accordingly.
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9. STUDY THE OFFICE LEASING CLAUSES PROPERLY
Read the terms and the conditions first, make sure you understand everything the selling party has included and also make sure that all your terms and conditions are included.
10. CONSIDER THE PENALTIES FOR VIOLATING THE LEASE CLAUSES
Do understand the various penalties associated with the violation of the contact terms and also the eviction process which is different in different places.
The traditional way of setting up an office would be to sign an office lease for at least 3 years if not longer, design and pay for a fit-out and hope for the best that this office will serve your business well in the years to come. But there is a more convenient and flexible way to establish your first office. In the early days of your business, it may be hard to predict expenses, business growth and what is required to get there. Leasing an office in a shared workspace offer you a turn-key solution that is flexible and can adapt to your business requirements. You won’t have to predict how much space you will need in the medium to long term, there are no upfront costs for fit-outs and furniture and all the services you require will be in place ready for you to move in. Shared workspaces are often based in premium locations with good public transport and offer many other workspace benefits as well as opportunities to network, further facilitating business growth.
