Your business is very significant and you must select the best office space to expand further. However, there are few things you must be clear about before taking an office space on lease. When out in the market to lease a commercial space in Canada apt knowledge on these few points will help you to take a final decision on signing those papers. Most of you taking an office space for lease have plans of expansion and further additions. Thus, you must have all your doubts cleared on the commercial space to ensure that your future plans are smooth.
So, here are a few queries you must get your answer on.
Term of Contract: An office for lease has a certain term of contract. This contract might extend over a period of years, for instance, 5, 10, 25 or even 99 years. According to the kind of business objective you have calculate the term of contract. Besides, if you have a good commercial space agents in Canada search for office space rented on a monthly basis. Such properties offer easy options of relocation.
Monthly Lease Amount Read your office for lease contract very carefully, as every kind of lease contract is different and will have certain dissimilar terms. For instance your last office space contract might have offered phone lines however the present commercial space might not provide you with the same. Similarly, the new commercial space might come with some new options absent in the earlier office. All you must judge is whether the lease rate offered justifies the facilities provided or is it highly priced.
Break the lease What if you break the lease? Know the kind of obligation presented in the lease contract in case you break the lease. This is so since a few years later you might close down the company, expand further and are unable to hold the office in one place or plan to move to a new favorable location. All this will lead to sudden breaking of the contract. Thus, if any such thing appears ensure you come out clean. Read the contract papers carefully and make sure it is given in writing that you can work out of the office for lease contract at your will and convenience.
Phone Lines & Internet Is your commercial space in Canada taken on rent, offering you the facility of phone lines and internet? If yes, make sure to check the name of the owner to whom the bill is sent. In case the new office space is not offering you internet access but offers to help, ask them to provide a high speed internet access. Now, since the place might be new to you and is pretty tough to get the best internet access in an unknown place, you can get your landlord to help you.
These are a few queries you might like to solve before you take an office for lease. Whenever you are out to seek an office space for lease, ensure that these questions are asked. Inquire your real estate agent for more details.