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Things to consider before leasing an office space

Leasing an office space is the first big step you are taking towards establishing your own business. When you have your own office space, your potential customers can trust you because you have a physical location that they can always visit in case of need. While leasing has its own benefits, one must be very sure before signing on the dotted lines. You must have a clear idea of what you want from your potential office space.

Here are a few steps to follow if you are thinking of leasing an office space -

Have a budget -

Businesses, especially start ups, will have low budgets. If you save a rupee on the leasing, you can invest it in something that will benefit your business. So, the lower the elase, the better for you. If you know your budget well, you will not be paying high lease and ending up in debt. So, do the calculations right.

Select the type of lease -

There are many types of leases and you need to know exactly which one you can afford.
Monthly Lease -

You will be paying the lease amount every month. If the quality of your office is good, then monthly lease payment is not a bad idea. High profile office spaces with all the modern amenities can cost you more per square foot. If you host top notch business clients, leasing such a building will be explainable. Such ultra modern offices are leased on monthly basis. If your business can afford, there is no harm in leasing such beautiful spaces.

Yearly lease -

Some simple buildings with all the necessary amenities will be rented out on early basis. You will have to pay a huge sum once a year but the buildings will be worth the money that you cough out. Some leases are for three to five years and you must be very careful before you make such an agreement.

Size of the office -
Select the office space based on the strength of your workers. If you have fewer workers, then a small office is fine. If your workforce is large and you have thoughts of expanding it in the near future, then you must lease a larger space. You can also consider shared office space Bangalore options.

Area of the office -
The surrounding area of your office must be clean and decent. Search for a place where there are other companies too. Once you pay the lease, there is no looking back. So, make sure the environment of the place is good. The place must be easily accessible by your workers, clients and other people. So, the location of the place that you lease is very important.

Authenticity -
Finally, you must check whether all the papers and documents are authentic. You can get legal help to verify all the documents before you pay the lease amount.

Office spaces reflect the business and its mentality. So, choose carefully where you and your employees will work the next year or so.

Categories:   Real Estate

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