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

Why lease an Atlanta office for your firm?
Published by Emilee Jaden on November 29th 2011 | Real Estate
You may require new offices for your business but you have not as of yet picked a particular locatio...
 
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...
 
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...
 
What should you know about the rent component in an assured shorthold tenancy agreement?
Published by Randall on February 27th 2012 | Real Estate
When you sign an assured shorthold tenancy agreement, you should know that the landlord is actually ...
 
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...
 
Planning an office Soho based team boosting event in a way to unite your workforce
Published by Kiersten Jeffery on December 5th 2011 | Real Estate
Gelling as a cohesive work team is not merely about maintaining a civil and professional approach to...
 
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...
 
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...
 
Looking for an IT office space in Gurgaon?
Published by Mike Nicholson on June 12th 2012 | Real Estate
Are you a growing IT company and looking to expand your wings by reaching out to big birds? There is...
 
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 ...
 
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...
 
Why lease an office in Atlanta for your company?
Published by Kiya Mateo on December 20th 2011 | Real Estate
You may want new premises for your firm but you have not as of yet picked a particular location as y...
 
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...
 
Find a flat to rent
Published by Matthew Watson on June 19th 2012 | Real Estate
Flats are the convenient and cost effective accommodation that a person can find. Flats can assure a...
 
Look for the flats and apartments for rent in Ahmedabad
Published by Simmie on November 28th 2011 | Real Estate
Ahmedabad is the city which is usually recognized as the city of individuals and this is one of the ...
 
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 ...
 
Buy residential property on rent
Published by Vicky Martin on June 18th 2012 | Real Estate
Never neglect tenant issues that are brought to your attention. This leads to dissatisfaction, late ...
 
Dunaway must pay up outstanding rent in landlord dispute
Published by Ashoka Lion on July 16th 2012 | Real Estate
Veteran actress FAYE DUNAWAY has been ordered to bring her rent payments up to date as she continues...
 
Important design tips for your Aberdeen office
Published by Maryam Keon on January 30th 2012 | Real Estate
Previously offices may have been seen as a simple, functional and often plain business space; howeve...
 
Managing the office space Melbourne
Published by Mitt on May 19th 2012 | Real Estate
Melbourne is a home to many of the national and international business houses. Not only this, the pl...