Questions to ask your landlord before signing the lease on a flexible workspace.
Some things to remember before you decide to lease a new workspace.
Finding quality workspace is becoming more and more difficult thanks to high demand and low supply of quality properties.
So it is important that before you sign a workspace lease you ensure it meets all your requirements. With this in mind, here are a few things to ask your landlord before you decide on your next best move.
1. Can I get out of a flexible workspace lease?
You need to ask this to ensure that you don’t incur any fines if you choose to leave your workspace before the lease is over. Enquire about any clauses in the contract that would enable you to leave the space or any that concern fines and penalties.
2. What is the length of the lease?
It may seems a simple question to ask but you should make sure that it is entirely clear how long you are signing your flexible workspace lease for.
3. Who are the other tenants in the building?
Find out what other businesses in the building do. From here you can decide whether their activities will have an effect on your business. Do they create much noise or are they constantly flashing a camera for example?
4. Is there onsite management?
Having onsite management as part of your flexible workspace lease can be very useful. If you run into any problems and need help sorting them, you can prevent a lot of time wasting by having a support team within the building. Onsite IT support is another fantastic facility that could save your business a lot of disruption.
5. Are there any options to sublease?
There may be any excess space in your new flexible workspace. Why not enquire as to whether you could legally lease it out or not? This could save you a lot of money while creating a brilliant networking opportunity.
6. What are the terms of the lease?
Lastly, understand the terms. This includes the rent, additional charges, rent escalation clauses and whether you have to pay for maintenance, taxes or any other hidden costs. These things could come as a nasty surprise at the end of your lease otherwise.
At Officio, we work alongside businesses to make the process of finding the right workspace altogether easier and more straightforward. If we can help you to find a new workspace, drop us a call on 020 3053 3882.