Renting Office Space

If your startup is finally ready to move into office space, here are some are tips you can keep in mind to help you avoid a potentially bad deal for your business. First, you will want to make sure that the space meets your company’s needs (space, layout, equipment/utilities, etc.), or that the landlord will be willing to make the necessary modification, or if you’re willing to pay for modification, that the landlord will allow you to make them (and check to see if you’ll be required to change the space back at the end of your lease). In particular, the space may be legally required to be accessible according to the regulation of the Americans with Disabilities Act, so if your space will be subject make sure that the space either conforms, or find out whether your business or the landlord will make the necessary modifications. If your business’ space requirements are going to swing somewhat wildly, you may also want to look into co-working spaces that operate on a month-to-month basis and allow you to acquire or shed space as you need it; however, such spaces are technically service agreements, not leases, and do not have the protection of lease laws. If you want to maintain flexibility in the event that your company doesn’t need all of its space, or has to move to a new, larger space (or go out of business), you may want to ensure that you have the right to assign or sublet the space (also confirm what the landlord’s rights are in regards to approving an assignment or sublease) You will also want to confirm what the rent will cover, such as maintenance, utilities, insurance, property taxes. You may also want to confirm what the lease is exactly covering, in particular common areas — you don’t want your business physically hampered by changes to seemingly common areas that actually belong to neighbor tenants.

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