When you lease an office space, do not be in such a hurry to find the place that you settle for something that doesn’t exceed standards. There’s a lot of things to consider before signing on the dotted line of your lease, and it is all just as important as the next. What should you consider before you sign that office lease? Find out the top considerations for signing an office lease here, and wonder no more.
Key Takeaways:
- Go online and look at what is currently for lease in the locality you are interested in. Speak to agents about the market rent and incentives for premises in your chosen location
- If you are offered a deal that does not suit you, you will have time to walk away and go to another property. If you leave it too late, you could be stuck.
- Seek legal advice or commercial advice before you sign the heads of agreement, not afterwards. These professionals will think of things that you haven’t considered
“If you are a smaller business, you don’t always have strong bargaining power. However, having a lot of time to negotiate will maximise your bargaining power.”
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