There are many people out there who seem to have no problem just rushing into leasing out an office space before they have actually thought about it at all. In these uncertain financial times this is a very risky move. So before you actually lease any office space it is very important that you know what you are doing. Here are just a few of the things you need to consider before signing any lease.
– How can the lease be terminated by you? In order to save yourself any future hassle, this is a question you should definitely be asking now. There are some leases where you will face penalties for trying to terminate the lease early. No matter how confident you feel there is always a chance that your business venture might not work out. For this reason, understanding the penalties before signing is really important.
– How can the owner end the lease? If your business is doing really well and you have worked really hard to get it to where it is, then the last thing you are going to want is the landlord telling you that you need to move out because he wants to sell up; so this is a really important question. Make sure before you sign the lease, that the landlord does not have the right to evict you just on a whim.
– Can you advertise on the exterior of the building? Some businesses rely on outside advertisements to attract customers never just assume that this is viable with all office space. It could be very important for you to advertise outside and if your landlord does not allow it, it could cause big problems for your business.
– Who could be leased the building beside you? If the owner has a few properties joined together then you want to be sure that they don’t later lease next door to your competition.
Irrespective of the actual work you do, office space for the admin side of things is vitally important. Depending on what part of the world you live in, this could be easier said than done. If you live in the Midlands of the United Kingdom, for example, you could look for offices to let nottingham.