Mistakes to Avoid When Renting Office Space

1
MANHATTAN OFFICE SPACE

• manhattanofficespace.com

2
Mistakes to Avoid When Renting Office Space
There are many start-up and small business
entrepreneurs who are trying to find office space
Manhattan but who havent learned the ropes of
the entire process. Such ignorance usually ends
up costing them more whether in the short or long
run and it could potentially harm the growth of
their business. Office space rental is perhaps
one of the largest expenses that are incurred by
any business making any mistakes in this area
therefore can have devastating effects especially
if you are starting up on a tight budget. There
are common pitfalls that you need to be aware of
and avoid becoming trapped if you are going to
succeed and they include the following
3
Commercial Rental Agreements
Going solo Anyone looking for office space for
the very first time should preferably get the
services of a reputable tenant broker this is
especially so if you are looking for over 2000
square feet of office space. Since there are
usually thousands of spaces available, a good
broker will help you sift them so you can get
what is best for you. Because of their expertise,
tenant brokers can become a valuable asset when
it comes to negotiating a favorable lease and
whats more, you could end up saving up to 25 of
the total lease value.
4
Commercial Rental Agreements
Insurance Every discerning business owner needs
to get a proper insurance cover for their
inventory, equipment and files as well as all the
items in your premises a good insurance cover is
one that works in tandem with the lease. It is a
good thing to always work with a commercial
insurance agent who can help you to sort out some
particular insurance needs and also help you to
determine what type of insurance your lease
requires before you commit yourself. There are
leases that dont cover your business properly
and you could end up meeting all the costs in
case of a mishap.
5
Commercial Rental Agreements
Repairs There is one portion of your office
space rental lease that you need to be very clear
about lest you find yourself incurring huge
losses whenever there is a dispute. Take time to
clearly understand what your repair or
maintenance obligations are as set out in the
lease before you sign the dotted line. There is
no doubt that you will have to deal with a few
repair obligations especially where any said
damage occurs as a result of negligence of
misconduct from your part. However, you should
always be wary of a lease where the landlord
insists that you will be responsible for the
repair and maintenance of the plumbing,
foundation, walls as well as the HVAC system in
the building.
6
Commercial Rental Agreements
Consider the Future One thing that you must
always remember is that once you have signed a
lease, the office space becomes yours until the
expiry of the contract. You therefore need to
have careful consideration of your business needs
for a few years upfront. You may want to include
the ability to transfer your lease or even
subletting in future.
7
Commercial Rental Agreements
This article is penned by Richard for Manhattan
Office Space who are among the leading Manhattan
office space rental companies. In case you are
looking to find medical office space Manhattan on
the best terms then you would like to consider
giving a call to their office at [phone].
8
MANHATTAN OFFICE SPACE
If you are looking for space, please use our
space finder form! Phone [phone] Email
SpaceSurvey_at_ManhattanOfficeSpace.com Website
www.manhattanofficespace.com