Office Space Articles | Office Space Links | Office Space for Sale | Office Space Sitemap

       
       

5 Questions To Ask Before You Buy Or Rent Office Space





















Real Estate Audio Books

Buy Rich Dad's Advisors: The ABC's Of Real Estate Investing

What to Consider When Subleasing Office Space
J. L.

5 Questions To Ask Before You Buy Or Rent Office Space
Once you have found a suitable location for your business, a big decision should be made. Should you buy or rent office space? The answer is not as readily apparent as you might expect. Often, the decision is as difficult as making a lifelong commitment

Defined Tag:
Sublease office space is becoming the main form of office space available. herefore, it is important to consider the advantages and disadvantages ofsubleasing office space to see if it makes sense for your business.

An advantage to sublease office space is a low rental rate. Most sublandlords have nother business besides real estate and are interested in minimizing the expense oftheir lease. This allows businesses to sublease office space for less money than if hey were renting space directly from a building owner. If a sublease is for lessthan five years then the rents have a heavy discount.

Subleasing also offers the advantage of renting out space in a building that the usiness could not normally afford. You may even be able to find a sublease thatincludes furniture and equipment already in the office space.

Yet another advantage of sublease office space is the fact that you can often use he space immediately. This then saves the business time and money that they wouldnormally have to use to design and construct their new office space.

One of the biggest disadvantages to subleasing office space is the fact that if a sublandlord defaults on the lease then the business that is subleasing the officespace also looses their right to occupy the space. Some building owners even view
sublandlord as having bad finances.

When subleasing office space a building owner will often not offer nondisturbance greements. These are often vital for tenants since they state that if a landlorddefaults the lender will continue to recognize the lease with the tenants.

In addition, sublease offers very little flexibility with terms. A sublandlord can only offer rights that they themselves have on the lease. Therefore, this limits theterm of the lease a business can sign.








© 2008, Office Space - All Rights Reserved Worldwide | Office Space Legal Information