Having an office is essential for startups, individuals and businesses of all sizes. Renting seems to be the best option given the current economic climate. Let’s take a closer look at this rental.
What does the term “office” mean in the context of cheap office rentals?
To put it another way, the “office” serves as the professional’s center of gravity for making work-related decisions. A furnished space that is not used for manufacturing, business or even selling goods is ideal for this function.
What type of office space should I rent?
Every professional’s job is unique, so it’s impossible to generalize about how they should behave. The truth is that office spaces come in different sizes: 50, 100, 500, 1000 sqm, and so on.
It is up to the expert to decide which type of space is best suited for his or her work. The cost of an individual office is significantly higher than other types.
There are many small and medium-sized properties on the market that are in high demand, especially in large urban centers. Renting office space in a business center is the best way to get around this unfortunate economic reality.
Of course, this is true when it comes to so-called “business centers”. Companies that specialize in running business centers are usually large, well-known organizations.
They do this by leasing the premises. Subleasing is less expensive than renting, so the professional has everything to gain financially from this arrangement.
Other options include requesting space in a business incubator, as well as in business centers. Because of the organization’s mission (to help entrepreneurs), rents are often very reasonable.
Commercial real estate leases that best suit your business
Offices can be leased under three types of leases:
- Short-term lease
- Commercial lease
- Professional Lease
Businesses located in business centers or incubators generally use the first type. Non-renewable: The maximum term is two years. Many advantages can be obtained by leasing for a short period of time. The rent, for example, is set in stone at the end of the lease. There is no chance of repossession. Unlike a commercial lease, where the tenant is entitled to automatic renewal, residential leases do not offer this convenience.
In the context of an office lease, this is exactly the second form of lease that can be offered. However, although this type of lease is primarily intended for merchants and artisans, other types of professionals, such as lawyers and doctors, can also subscribe to it. All you need is permission from your landlord. The advantages of renting an office through the commercial lease system are numerous for the professional. For starters, a lease must include a minimum term of nine years, as well as the right to automatic renewal and the right to be reimbursed for eviction costs.
Finally, leasing an office under a formal contract is also an option. For the first time, a minimum of six years can be leased under this type of lease. Despite the fact that it offers less security than a commercial lease, the professional lease has the advantage of greater adaptability.
When it comes to leasing an office to a business, there are a few rules that must be respected by both parties: the office owner has certain obligations, and the office tenant has certain obligations.