How to Choose the Right Office Space for Leasing
You will require a lot of money to start a business. A good percentage of the total money spent on starting a business is used in the acquisition of the office space. When starting a business, entrepreneurs have the option of either leasing or buying office space. Leasing the office space is still beneficial to modern businesspeople. In case you are contemplating to look for offices to lease, there are a few things that you need to put into consideration.
You should never choose an office before you take some time to check at the contract in the right way. You may require the assistance of a legal professional with experience and expertise in commercial properties transaction. You should not sign the contract of the lease before you take some time to go through it. This is the only way you can get to understand the terms and conditions of the lease.
You may also be needed to cater for the cost of some shared spaces or public areas If you had not learned this in the lease, it might be a nasty surprise for you. Some commercial buildings may require you to be responsible for cooling and heating, and cleaning cost of the public and shared areas. Your first utility bill may be a great surprise for you if you had not learned about such costs beforehand.
It is paramount to ascertain what is covered by your square footage rent. You may be required to pay extra advertising and signs costs if your business is located in certain areas and want to access the public. Going for a premise with big square footage might be good for your needs. You may be surprised that the office space that you thought is spacious and open is tiny cramped space with walls that are permanent. Since you need to have ample space to place your staff and furniture, it is paramount to make sure that the office space is sufficient.
It is paramount to make sure that you evaluate the utility costs you are supposed to pay. It is paramount to evaluate the number of tenants who use the same building and if they engage in activities that require them to consume a lot of water and energy. Having a business that requires more water and energy than others is understandable. Having separate meter is the only way you can avoid to pay high utility cost than your business uses.
Make sure that you undertake a serious assessment of conditions. Check if some improvements require being made before you start to use the office space. If there are improvements you are responsible for making, find out how much they will cost you.