Posted on: 27 October 2016
Choosing to begin a search for office space can be a good thing for what started out as a home business. Renting an office can be a thrilling way to expand your business, but you have to use the pointers below in order to select a building and owner that will be suitable for your needs.
Discuss Missed Rent Payments
One thing that's important to talk about before you select a particular building for your office is missed rent payments. You need to know what happens if your business underperforms for whatever reason and you make a late payment or fall behind.
Different building owners handle this in different ways. If the building is located in a high-traffic, desirable area, you might find yourself with an eviction notice within a matter of days. Some building owners are willing to work with you so that your business has time to recover in the event of a crisis, and they don't have to worry about finding a brand new tenant.
Find Out If You Can Sublet the Office
You might be excited to make a little money by leasing out the office during the time you aren't there; you may do seasonal work or work during the day and know someone who could use the space at other times. However, subletting the space without the owner's permission can be a grave error. Before you even agree to rent space in a particular building, discuss whether or not subletting is permitted and ensure that permission is given in the lease.
Talk with Tenants in the Building
Sometimes, the best way to get an idea of what it will be like to rent office space in a particular building is to have a brief meeting with one or more of the current tenants. Dropping by and speaking with renters can give you an idea of how quickly building owners or property managers respond to concerns and complaints. Knowing what you can expect when you are a tenant better prepares you for what will happen if you do move in.
When you are able to talk about the items above with building owners and existing tenants, your choice about which building you want to rent in is easier. Ask for help from a tenant representative like those at Fisher Associates, LLC who can help you find a great building and assist you with lease negotiations. Their help will ensure that you get a fair deal that allows your business to grow even more.Share