Find the Perfect Office Space in London
Tips to Consider Before Choosing Office Space
Your office space can determine whether or not your business will be successful. In particular, the office location can make or break sales. If the office is located far away from your ideal customers, getting sales will be nearly impossible. Learn more about how to find office space, go here.
The office space can also determine the growth of your business. If you choose a small office, three years down the line, you may have to move as it may not be able to accommodate your business growth. Therefore, consider both your immediate and future needs before selecting an office. Find out for further details on how to find an office space right here.
Below are some things to keep in mind when you are looking for office space.
i) Should you share your office space?
If you are looking to keep costs down, you can share office space with another company. This will bring down your overall costs as you will not only be sharing rent, but also common areas like bathrooms and kitchens.
Ideally, you should share your business with another business in your industry. This is why lawyers are usually found on the same office building or floor. If you want to share the office, have a formal agreement with the other tenant, even if it's a month to month agreement. Sharing the office will be good if you have signed up for a long-term lease.
ii) Is the office compliant with disability regulations?
Before selecting an office, check whether it complies with the disability regulations of the state. You already have a lot of work to do with your business. The last thing you want is to handle a legal issue related to disability discrimination.
Check the specific laws of your state and confirm that the building follows them. You may also want to ask the landlord for a copy of certification showing the building is compliant to disability regulations.
iii) What happens if you sell your business before the lease comes to an end?
If you anticipate that you may sell your company before the lease comes to an end, it's important to be clear about owner responsibility. Most lease agreements require the owners of the original company to be liable in case a future tenant does not maintain the agreement. The last thing you want is to sell your business only to get notices a few years later from the lender requiring money because the company has not been honoring the lease. Take a look at this link https://www.hunker.com/13403123/how-to-disassemble-an-office-cubicle for more information.
The above are three things you should keep in mind when looking to get an office space.