FREQUENTLY ASKED QUESTIONS WHILE RENTING OFFICE SPACE
FREQUENTLY ASKED QUESTIONS WHILE RENTING OFFICE SPACE
05-May-2021
Getting an office space on rent is a tedious task as there
are many things which one has to look after and if not keep in mind there are
chances of falling in trouble. During all this process many thoughts are
arising in the mind and confuse you to make the best decision for future
growth. It's always better to clear your all queries before making any
decision.
Many queries are wandering inside your head so we will try
to answer almost all the questions at the moment.
1. WHAT IS
THE RENT OF THE PROPERTY?
Renting out an office space is serious business; get a clear
picture of this before signing any contracts like what are inclusions, rules
and regulation mode of payment, amenities offered by the property. All the
factors should justify the amount mentioned
2. MAINTENANCE
WORK
Before moving into the Office
Space and set it up
accordingly check for maintenance work (Mechanical work, Electrical work) such
as plumbing, wall colours, look for leakage also check for any sort of damages
that is already present and make the clear move by stating to finish all this
work before you shift your office space. Even after moving in check, all the
necessary repair works are done, or else it will be your headache if not
informed in advance.
3. IS
AGREEMENT RENEWABLE AT THE END OF IT?
Clear this point before renting out the property as time
passes the company will grow and moving out will be difficult for you so better
to discuss this point well in advance. Better to stay on the safe side and go
for a longer duration as this would avoid the tension of renewal of the
property.
4. WILL RENT
INCREASE WHILE EXTENDING THE AGREEMENT?
As this point matters shifting office over time is a very
tedious task and inconvenient so better to clear this point and if the rent has
to be increased at what percentage it will be?
Check is it worth paying that amount in the future, will the
rent would be comparatively the same for similar properties. After analyzing
all these factors you will see the clear path to make a move. For all this, you
need a trusted and the BEST
ESTATE AGENTS IN MUMBAI who will help you to get a clear picture of the current scenario.
5. IS
PARKING AVAILABLE?
Is parking available on the premises of the property, what
will be the cost of parking for tenants? This the most important question to be
asked while the visit of the property as parking is an issue in big
metropolitan cities, so check for in-house parking before making any move, as
in-house parking is considered to be safe for vehicles. In the hustle-bustle of
the city, it is hard to get a place where you can park your vehicle so keeping
in mind that the property allows you to keep your vehicle safe in the basement
parking
6. LOCATION
ACCESSIBILITY
Commuting in the city from one place to other during peak
hours sweats out everyone so checking on accessibility is it comfortable for
everyone to reach out at the office, it’s better to pay a little extra and
built office space that is easily accessible to everyone. A good locality plays
a vital role as if you are surrounded by the best companies it would lead to
creating a good corporate environment leading to improve the efficiency of the
employee and boosting the profit which indirectly impacts on your business in a
good way.
7. PRIVACY,
SAFETY AND SECURITY
Safety and security matter a lot so make sure to after this
point before renting office space. The Commercial
Property has hired 24 hours
security for the safety of everyone working on-premises, security is the number
one priority, the premises are equipped with all modern technology like CCTV,
metal detectors, security check at the entrance, fire sprinklers and many more
things which will help to create a safer environment for you.
8. AMENITIES
OFFERED
Amenities are the facility provides with the office space
like High-speed internet connection, Natural light, concierge facility,
reception desk with beautifully carved by the engineers. Also eco-friendly is
the new trend and also the necessity should be adapted by every commercial
property. Valet parking will be a good touch creating a good image for your
organization.
Check for the cleanliness and hygiene do maintenance staff
is hired to maintain the beauty of the property. Looking after hygiene has
become mandatory after post-pandemic.
9. IS THIS
SPACE SUITABLE FOR ME?
Check the office space as will it fulfill your need and can
accommodate the number of employees and all the furniture and doesn’t look
messy. There is research according to which per person requires 10 feet of the
area so do the mathematics and check if it is suitable or not and then make a
decision accordingly.
10. CHECKING
FOR NEIGHBORS
Surrounding with good people creates an impact on you so
better to check for your corporate neighbors as this will act as a brand image
for you. Let me explain if you are surrounded by big It companies and FMCG
company it will create a good image of your brand.
11. CHECKING
ON LEGALITIES
Before renting out any office space check whether the
construction is legal or not check for any loophole that may cause you trouble
in near future. Also, avoid eye-catchy deals that can't be fulfilled and end up
losing your money. Before signing any sort of contract make sure you read every
terms and condition this would lead to creating transparency between you and
the landlord. Clear all your doubts with the landlord before signing the contract.
I hope I have answered your all questions that will clear
the path before renting any office space. Better to get the BEST
OFFICE SPACE IN MUMBAI keeping all the above factors in mind.