Evaluating The Lease On Office Space For Rent

Looking Over The Lease On An Office Space For Rent

When you find what you think is the perfect office space, you need to take a step back from the situation before you get too excited. Any time you rent an office, you are going to have to sign a lease agreement. It’s an essential part of the package. But that lease may not always be to your liking. Before you start to see yourself sitting by the large window, looking out over the city and getting your work done, take a close look at the lease and evaluate whether or not you want to consider that office space for rent or not.

Consider The Location Before All Else

Even if the office space for rent has a great interior space at a seemingly good price, the lease isn’t going to help you out very much if the location is less than ideal. If you will be seeing clients in the space, for example, and you are way off the beaten path, it’s a huge inconvenience for them. If you have a long commute, you’ll be spending more time in the car than working and more money on gas than you can afford. The location is a huge deal and no matter how good the lease looks, you want that to help you decide.

Space Upkeep Costs Are A High Priority

The lease might seem to look good because of the price you are getting for the amount of space you have available to you, but you need to ensure that you aren’t going to have to pay too much to keep up the space. Examine the property alongside the lease. What are you responsible for and what is the owner responsible for? Do you have to pay for the utilities? If so, what do they normally cost? Does the owner pay for things that break down or is that on you as well? You need to know these things upfront because if you sign a lease that seems reasonable now, you could get flooded with upkeep costs later.

Watch For Hidden Fees And Penalties

Leases are a lot of legal mumbo-jumbo, but you need to read through them carefully on office space for rent and ensure that you understand them. There might be early termination fees if you want to move before your lease is up or there might be security deposits, fees for removing graffiti or other things that could happen to the building. The owner usually has most of the power and you need to avoid hidden surprises in the future that the lease allows.

Consider Coworking Office Space For Rent

There are plenty of office spaces for rent out there, but if you are just getting started and don’t know exactly what you want yet, coworking spaces are a great option. You can get short-term agreements that don’t seal you into anything permanent. You can even move to different spaces if you need to grow and expand. Check out what BizHaus has to offer and go from there!

Share this article: