Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Don’t Succumb to these Mistakes while Leasing an Office Space

By Abhishek Kumar Khandelwal Subscribe to RSS | May 27th 2012 | Views:
loading
 
  



Most small business as well as start-ups don’t have the kind of money to purchase a space for their office outright. That’s why, most of them lease an office space, which is the right thing to do too. However, many have succumbed to the pressures of real estate agents and making mistakes in a hurry.

Choosing a space for your team is easier said than done. There are number of pitfalls you could fall in. Here are some mistakes you should better than to succumb to when leasing a space which would function as your office.

Leasing it when a virtual solution would have been better

In some cases, there is no actual need of a brick and mortar office. You could very well do with a virtual office solution, where you are home based but still have an office address of a premium location. There are service providers in cities such as New York which give you that kind of solution, with access to conference rooms on demand and other related services. If you have a small team and the nature of the job is such that it does not necessarily warrant physical presence, there is no need of leasing a space. Keeping it virtual would save you money, which you could then invest in other areas of business.

Choosing a location with hardly any connectivity

If you expect your employees to report to work on time, it is important that you choose a location for your office with good connectivity. Generally, central locations in the city work the best. However, central locations are costlier too. Thus, opting for something close by with good connectivity with public transport is important. Else, you will difficult to retain your staff, or find one in the first place.

Not negotiating on the terms of the lease

Contrary to what most people think, there are no rules when it comes to lease agreements. You can always negotiate with the owner on terms and conditions, which include but are not limited to the period of lease, the lock down period, exit policies in case you want to vacate the office before the term expires, sub-lease clause etc.

Going for the cheapest solution

This is a common mistake committed by rookies when it comes to leasing an office space. More often than not, it leads to losses than gains. It is important not to fall for the ‘cheapest’ marketing gimmick deployed by owners and real estate brokers. Rather, you should see the value addition part of the deal. An office space in an up and running corporate tower at a central location is much better than an office in a new building at a not-so-posh location, even when the former costs more dollars.

Not inspecting damages etc.

When you lease a space for an office, it is the responsibility of the owner to give you a space that is perfect in all regards. Thus, before you move in, check for chipped paint on the walls, damaged floor tiles or anything of that sort. If you are not satisfied with something, ask the owner to get it done for you.

Abhishek Kumar Khandelwal - About Author:
Visit our website http://www.corporatesuites.com/, for information on office space manhattan and office for rent nyc.

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/real-estate-articles/don-t-succumb-to-these-mistakes-while-leasing-an-office-space.htm

Related Real Estate Articles Subscribe to RSS

Things to bear in mind when perusing properties to rent in Bath
Published by on June 19th 2012 | Real Estate
However whether you are looking for properties to rent in Bath or Birkenhead there are some things w...
 
Why lease an office located in Philadelphia for your firm?
Published by Johana Junior on February 1st 2012 | Real Estate
You may be thinking about moving office but you possibly have not decided on a certain type of site ...
 
Looking to relocate office? Well, here are a few examples of what Austin can offer:
Published by Jazmin Judah on December 27th 2011 | Real Estate
There are various advantages to relocating your office: it may be too small, too old or just unable ...
 
Demand for Property to rent in London Continues to Soar
Published by John M. Alcorn on June 8th 2012 | Real Estate
Now is a generally good time to be a landlord in London. Tenant demand is rising at a rapid pace whi...
 
Why take an office located in Dallas for your firm?
Published by Kathy Johan on December 12th 2011 | Real Estate
You may require new offices for your business but you have not as of yet picked a particular locatio...
 
Give your business a leading edge by having an office space in Gurgaon
Published by Mike Nicholson on March 20th 2012 | Real Estate
A large number of people dream of running a successful business venture but only few of them actuall...
 
Great ways to better morale in your Philadelphia office.
Published by Edward Nolan on January 6th 2012 | Real Estate
Bosses can occasionally find it too much hard work to get their staff motivated, which can prevent t...
 
Finding properties to sale or rent in Chessington
Published by Glyn Jones on January 21st 2012 | Real Estate
An reliable and reputable estate agents makes it quite easy to find the respective properties for sa...
 
Why take an Austin office for your corporation?
Published by Emilee Jaden on December 23rd 2011 | Real Estate
You may want new premises for your firm but you have been unable to focus on a specific site as you ...
 
What are the advantages of an office in Boston for your corporation?
Published by Marcella Jaylon on December 21st 2011 | Real Estate
You may want new premises for your firm but you have not as of yet picked a particular location as y...
 
All about the benefits of car pooling if your office is in London
Published by Johnny Harman on December 2nd 2011 | Real Estate
UK offices have yet to become accustomed to the process of car pooling and how it can help their bus...
 
Find a house or flat to rent with estate agent.
Published by Glyn Jones on July 4th 2012 | Real Estate
When you are looking for flats or houses for rent or for sale, you can simply go with the estate age...
 
The main reasons to take an office located in Birmingham
Published by Jazmin Judah on January 31st 2012 | Real Estate
Businesses move to a new location for a variety of reasons, it could be the need for more space or b...
 
My short blog post about my relocation to a Glasgow office.
Published by Emilee Jaden on December 23rd 2011 | Real Estate
When I initially started my own business my workforce was very small and I would never have predicte...
 
Some great reasons to take an office in the city of Boston
Published by Jazmin Judah on December 1st 2011 | Real Estate
Companies move premises for a variety of reasons, it could be the need more office space or because ...
 
Looking to rent a house in Huddersfield? Head to Martin & Co for property rental in Huddersfield
Published by Ademholt on July 12th 2012 | Real Estate
Are you planning to rent a house in Huddersfield?
Get in Touch with the Martin & Co. Estate Agen...
 
Flats for rent are available in Pune with affordable price
Published by Andy Wagon on January 17th 2012 | Real Estate
Pune is a most famous city regarding the industrial areas is being concerned. The maximum area is be...
 
Tips before choosing houses to rent
Published by Vicky Martin on April 11th 2012 | Real Estate
When you are looking for flats or houses or other rental properties there are few things that you ar...
 
Four design tips for your Seattle office
Published by Jabbar Karlee on November 28th 2011 | Real Estate
Previously offices may have been seen as a simple, functional and often plain business space; this n...
 
Your office awaits you at Gurgaon
Published by Atul Sharma on April 28th 2012 | Real Estate
The article is based on the real estate properties available in Gurgaon. The write up talks about th...