You have a business and have decided that you want to rent an office. Seems like this would be a pretty simple procedure but there is a lot more to consider than just strolling through the ads in the paper and taking a look at some building spaces. If you want to find the right kind of office space, you have to put a little more time and effort into the process to ensure you end up renting the right space for your needs.
Many owners of businesses jump into the first office space they find because of the fancy layout or the luxury amenities. Before you go looking for a space to rent, write down everything you need and take it with you. If you have 5 employees, don?t rent a space for 50 employees. If you are planning on expanding at some point, a little extra space can be used, but its best to rent for current office needs.
Anyone can find office space for rent on their own, but it?s such a big decision to make and will be worth the commission you have to pay a real estate broker who has a specialty in renting commercial property who can guide you through the decision making process that will be best for your office circumstances. A real estate broker can help negotiate the terms of a rental agreement and will have much more availability to rental properties that may not be listed anywhere you can find them.
Have a budget in mind before you go into a rental agreement. Don?t get yourself over-extended because you can make upgrades later on when you?re ready. Office space rental can really be something that makes or breaks a budget. Find a good space that is enough for you to work but also within your budget range. Always take the time to stop and read the small print on the contract. You need to be aware of the extra costs such as utilities or any hidden fees that may be a part of the fine print. This is another area where an agent can come in handle and make sure your signing something that is in your best interest.
Another area an agent will come in handy is with negotiating your monthly payment. Don?t just accept what someone offers you the first time. Use some of the market knowledge you have or just let your experienced broker handle making a counteroffer. Often times, an agent can negotiate because they know more about what others in the area are renting for. Utilities and such can be negotiated as well with the landlord. Some landlords will lower your payments for a longer term lease, and some will trade out part of your rent for your services. This is where a good broker can come in handy to help you negotiate.
You want to be sure your office rental agreement is taking your future needs into consideration. Make sure the agreement states if you can remodel the space or expand if you need to. What happens if you need to end the contract for some reason? You want to be sure of the fees involved with all of this before you sign the agreement.
Finding a good office space for rent is your goal. Take the time and effort needed to ensure you do it the right way.
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Author?s Bio: Michael Brown is a well renowned author. He has been penning useful articles on space for rent and related topics for over a decade. He often refers to Officespaceforrent.org for better information and suggests his readers to do so.
Source: http://www.funbiznow.com/youve-decided-to-rent-an-office-whats-next/
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