The Worst Mistakes To Make When Leasing Office Space
Everyone makes mistakes; it’s human nature. But for a major financial decision which can determine whether your business will sink or swim, it’s best to avoid mistakes of any kind. In our experience, the following mistakes are not only the most damaging to your livelihood’s space; they are also the most common!
No Planning When Leasing Office Space
It takes a considerable amount of time to either renew a lease or move to a new space. In fact, depending on the requirements of your business or practice, it can take anywhere from 6 to 12 months to negotiate a deal. And let’s not forget specific needs in commercial design for your business which may require special accommodations like re-enforced floors or unique telecom needs. Thinking of these issues ahead of time will save you a lot of money and agony!
Underestimating Your Negotiating Power
It’s fairly typical for tenants to believe that landlords are all-powerful and can dictate the terms of a lease, but that is simply not the case! Understand what you can do for medical office space lease negotiation power to enable an outcome which will benefit your business and not the pockets of a landlord.
Lack Of Representation
Few things in life are better than having someone on your side. And when it comes to situations where you do have a legitimate adversary who may want to squeeze as much money as possible out of you, it’s best to enlist some security like a broker or real estate agency to help you navigate the details of the negotiation process, as well as make sure that landlords live up to their end of the bargain. For example, no one wants to sign a lease to a place that doesn’t conform to safety codes!
There are a lot of issues to consider when selecting a space for your business to grow and thrive, so keep these particular mistakes in mind and be prepared. Don’t let any of these trip you from achieving your goals!