Two Tips For Renting Your First Office Space

Posted on: 13 April 2016


Starting your own business can be one of the most difficult and complicated tasks that you can do. And successfully launching your own enterprise will require you to address a number of issues. For example, choosing the perfect location for your office is one of the first tasks that you may need to do. If you have limited experience renting office space, you may benefit from talking with a professional, like DeskNWork, and following these two tips.

Ensure Your Lease Includes An Early Termination Option

In order to be a successful business leader, you will need to be able to thoroughly anticipate your enterprise's potential needs before they arise. To this end, it is important to make sure that your company can terminate the rental lease if it is needed. This can be due to the company being forced to close or due to a need to move into a larger office due to growth.

Regardless of the reason, making this transition can be much easier when your lease includes an early termination clause. This part of your lease will include the steps and fees required to end your lease early. By ensuring that your lease contains this clause, you will be able to accurately calculate the costs of exiting your lease before it is scheduled to end, which can help you to make better-informed decisions for your company.

Consider Leasing Your Initial Office Equipment And Furniture

Your new company may be extremely short on money during the launch phase. However, there is likely going to be numerous pieces of office furniture and equipment that you will need. Fortunately, you can help to reduce the initial cost of getting this equipment by opting to lease it. While leasing will require you to pay a monthly fee to use the equipment and furniture, it can save you from needing to make the large investment that these items will require to purchase. Additionally, you may be able to reduce the maintenance costs because it is common for rental companies to provide service and repairs for their clients under warranty. And believe it or not, according to Accounting Web, you can actually use the rental furniture as a tax write-off later on.

Starting your new business can be a difficult, stressful, and exciting experience for you. However, it is important for you to make sound choices for ensuring that your new company has the best chances of success.