Finding a good office space is the need of every business. Leasing office space according to requirement is a wise thing to do.
Finding an office is one of the most critical needs of any organization. While there are alternatives which are picking up steam in amidst new-age entrepreneurs, such as a virtual office, there are times when anything less than a real office won’t do. While purchasing a space outright does have its benefits, most of the times, it is not a viable option, mostly due to financial constraints. That’s why, leasing an office is always a better choice.
Get a correct estimate of the space that you need
Not getting the correct estimate of the space required is one of the most common rookie mistakes; but a costly one at that. If your office is too small, it would be cramped, which would hamper the productivity of your team. If your office is too large, the space will just go wasted. The amount of space that you need for an office depends primarily on two factors- the size of your team, and the kind of business that you do.
For example, if your work requires your employees to sit at their desks all day, typing away at their computers, they would need much more space than otherwise. Copywriting or the field of advertising is one such area which involves being at the desk all day long.
Negotiate the sub lease clause
When you are taking an office on lease, most owners won’t inform you about the sub lease clause, especially if you are a beginner. A sub lease clause is an agreement which allows you to sub lease vacant space in your office to a third party. While you may be thinking the best for your business, there are times when things just don’t work out. In such cases, having a sub- lease clause helps to recover the cost of your office, and keep the business running.
Go for a fully furnished one
When looking for an office space on lease, it is always better to look for a fully furnished one. You don’t want to take the headache of going shopping for chairs, tables and everything else. Frankly speaking, you will not have the time to do all that stuff. And when you find a fully furnished office space on lease, make sure you check all the furnishings before you move in.
Usually, a lease agreement has a clause that if any furnishings are damaged, the tenant would have to bear the cost of repair or replacement. Now, you don’t want to pay for something that was damaged before you moved in, do you?
The above will help you a lot in finding that perfect space for starting your business. But just in case things don’t work out as planned, make sure you negotiate with the owner. While the agreement has legal value, there are times when a settlement outside of the agreement is beneficial for both the parties. Always remember that the agreement is a piece of paper. You still have the right to negotiate with the owner if you want to vacate the space earlier than the agreement suggests. In most cases, owners do agree and are very flexible.
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