Tips on How to Choose the Right Office Space to Lease
Starting a business requires a lot of money. A large amount of money set aside for beginning a business goes into the acquisition of the office space. One of the hitches that most businesspeople encounter when beginning a business is choosing between leasing and buying the office space. In the current real estate market, business people can still get some benefits from leasing an office. You should put some factors into consideration when looking for the right office to lease.
You should never choose an office before you take some time to check at the contract in the right way. You might require seeking the assistance of a lawyer who has knowledge and experience as far as commercial real estate is concerned. It is paramount to read the lease contract before signing. This is the only way you can get to understand the terms and conditions of the lease.
You might realize that you have a part of shared spaces and public areas that you are supposed to pay for. In case you had not known about it, you may find it a surprise that is unpleasant. At times, you might have to pay for cleaning services of the public areas and pay for the heating and cooling areas that come with having such places. In case you did not read the lease contract to learn about such cost, you may find the utility bill very high.
Get to know what your square footage rent will consist of. 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 can never judge the size of office space by simply looking at the building from the outside since looks can be deceptive. When you lease office space that is smaller than you thought, your plan for staff placement and furniture will be wrecked.
It is paramount to make sure that you evaluate the utility costs you are supposed to pay. Get to know if you will be required to share the building with other occupants who are likely to use a high amount of water and power. There is no doubt that certain businesses may require a high amount of water and energy than others. 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. Taking time to check at the condition of the office space can help you to establish if you need to carry out any improvements before using the office. Also, get to know the amount of money you will be expected to pay to improve if any.