Renting out an office space is a daunting process and may even turn up a nightmare if something goes wrong at some point so today you will know that How To Rent Office Space with Long-Term Lease?
Whether you’re looking for office space for in Dubai for the first time or planning to shift due to a growing team, getting along with the correct office hunting process would inevitably save you a lot of stress and time. Congratulations if your company is doing fantastic and growing. Almost every business owner wants an office space that’ll help his team grow and thrive. Alongside, almost every business owner has different and specific desires when assessing office spaces.
While looking for a place to rent for your office space, make sure you ask this question to your potential landlord, so it’ll help you make an informed decision. May odds ever be in your favor! But in case you get locked in the wrong lease, you’ll risk unnecessarily typing up the investment that could have been better utilized to drive growth. And most of all, you must get along with the long term lease. Here’re a few reasons for why it’s so important to rent out the office space with long term lease. So let’s dive in;
What’s the Length of this Rental Contract?
Well, it’s quite basic but inevitably the most important one as well. Many business owners and even the entrepreneurs dismiss this question assuming that the short term lease can always be extended. It’s imperative for the business owners to find a different office space not really long after finding the first one as they couldn’t renew that short term lease.
Rest business owners have the problems that are opposite and might find themselves wanting out of a long-term deal before that’s even possible. Perhaps that’s the reason why the business owner should consider their unique business needs before deciding the lease tenure. Some of the reasons you might want to have a longer lease include;
Securing the Most Suitable Office Space
In case you find a place that you think is just the right place, a long-term contract is the best way to secure that space for you. This way, a business can hang onto it for a longer period without having to worry about extending the short term lease.
Providing a Sense of Stability for Business & Staff
With a long term lease, you can plan the goings-on within your business with a sense of where your company will be in the next 5-years. Precisely, with reliable office space, your employees can feel more confident & secure in the company.
Building the Reputation
If you have a secure office space, it’ll be easier and very much helpful in building your reputation as a company. If the customers find that business moves around a lot & quite frequently, they won’t be able to trust as easily as they would a company with a consistent and long term location.
Planning For the Financial Future
When it’s about a business location, you should never underestimate a consistent address and the long-term lease agreement. Inevitably, it’s going to allow you to map out your exact expenses for the years ahead. With the signed agreement, you’ll know exactly how much money you’ll need to set outside for the rent every month without making any assumptions, guesses and hoping for the best.
More Room for Negotiation
Seriously! Landlords just love the long term contracts. It’s because they want to be sure that their space is making a certain amount of money every month that’s turn up lucrative for him/her consequently. Perhaps that’s the reason why the long term lease is quite likely to be favorable for the tenant as well. So when you sign the contract, the landlord would be more flexible on terms. You may even receive the tenant’s incentives & concessions if you are accepting the long term lease. If you are sure that you are going to be at this place for longer and this place the just perfect for your business location, just sign the long term lease and enjoy the perks with your office space for rent at Sheikh Zayed Road.