Hunting an office space includes many factors that are obligatory to get a good place on lease. For getting a good deal one requires an expert’s help which is there for very long in the market whose guidance will help you to get perfect Office Space in Mumbai. People make many mistakes unknowingly which creates a problem in near future after signing an agreement. 8 tips for you will lighten the visibility of your path:

1.     LOCATION EASILY ACCESSIBLE TO YOUR EMPLOYEES/CLIENTS

 

It’s the first point you should look for before renting any place as it is one of the main points one should consider. Renting an office space in the prime locality of the city will be easy to commute to also help in developing the brand image of the organization. A locality can surely affect the business and establish an image in front of clients. Selecting a location is a very tough part as there are many things like it shouldn’t be in the outskirts of the city, the property should be surrounded by many other business hubs also there, easily accessible for your employees as well as clients. Getting a good property in your choice of locality is no more an issue as there are the best Commercial Properties in Mumbai  which will satisfy one needs.

 

2.     ESSENTIAL AMENITIES

When it comes to amenities one should look at what the landlord can offer, expectations are higher when you are renting out the property so it’s better to look after the amenities mentioned below which will definitely ease your workload:

• Swanky cafes and restaurants in the locality

• Reliable internet, Wi-Fi

• Security measures

• Parking space

Parking is the main factor one should look for, as the vehicles on the road are increasing day by day it is very hard to find parking daily, so the property should have allocated parking space which is completely safe for vehicles to park.

• 5-star hotels in vicinity

• Reception desk and many more

This list does not end it keeps going on and on but these are some main amenities every good property should have.

3.     BUDGET

Firstly identify your budget before renting out any space as there are many properties available in the same locality but which fits into your budget as well as can satisfy the need is the right deal for you. No one wants to put their hard-earned money into a property that does not fulfill the needs. It’s a crucial part to also keep transparency with your estate agent so that one can show you the property in your budget. There are mainly two types of office space tenant look after one unfurnished office space and other furnished office space as both properties vary with a budget so one looking for Attractive-Furnished Office in Mumbai  will get a piece of furniture to use on the other hand in unfurnished place one will get a raw property. The rate of the furnished property is slightly expensive than the unfurnished property so better to identify your needs and then make a budget accordingly.

4.     QUALITY OF OFFICE SPACE 

The first thing while inspecting the properties with the estate agent is to look for the condition of the building, if the condition of the building (check for dirt, stains on walls, look for cleanliness) is adequate you can give a thought whether to lease that property. If the property is satisfying the needs and has no extra cost of repair works is a good sign that the condition of the property is up to the mark. If there is no regular maintenance the property will later increase your expenses so better to avoid a property that doesn’t look after the maintenance factor. Get to know how often the foundation, a check-up is done of the property foundation issues can be cracked or decay on the walls which reflects poor condition so better to avoid such properties.

5.     HELP FROM AN EXPERT

An estate agent is an expert in this field as they know minute details which can be very helpful to the people who don’t have enough knowledge or don’t have as many contacts which will help them to get a good place for rent. The estate agent will identify your needs and look for properties for you accordingly, they will attend all visits with you and will be there for you throughout the deal and clarify your doubt also they will look after all legalities and any issues arising in the commencement of the deal. They will help you to get the best Office Spaces in Mumbai which perfectly fulfills your needs.

6.     SIZE OF THE PROPERTY

Size does matters a lot as no one wants to buy a big place when his/ her work could be done in a smaller space so it’s better to identify the structure and size of the property which you are looking for. The rates of property vary on the sizes they are available. Let me explain to you with an example like a property of 10000 square feet will be given on lease on per square feet basis the total will be the rent of the property so it is better to look for suitable office space which will save your money. Better to identify the first count of employees also to check whether in near future to increase human force accordingly, will get a rough idea of getting an adequate office space.

7.     ADDITIONAL EXPENSES EXCEPT FOR RENT

Many landlords give their property on lease keeping tenants blindfolded about additional costs like property tax, service tax, maintenance fees, etc. which can disturb your monthly expenses in the smooth running of the organization. So it is very important to get a clear view of this additional cost before signing the agreement.

8.     CONTRACT DURATION AND DOCUMENT REGISTRATION

After finalization of the deal, one should know for how much duration you require rent the property like short duration or long duration so according to that estate agent can draft the agreement mentioning the duration of rent on it. A short duration agreement may vary from 12 months to 36 months and a long duration lease can go anywhere from more than 3 years and the sky is the limit. Though it depends from landlord to landlord as they may don’t want such long-term contracts so better to discuss them on this topic too.

It is mandatory to register a leave and license agreement under section 17 of the Registration act, 1908. All these legal issues are handling by the estate agent like drafting of an agreement, stamp duty and registration, and finally possession. All the leave and license agreements will be done by the agent (or Legal Team) only thing required from your side is to provide proper documents whenever required. 

   These 8 tips will surely give you benefit in the future while getting a property on lease/rent.